Quick Summary:
SPY closes below 20 dma and old high. The 50 dma is in play. Took profits in LNKD and exited NUGT. Entered BWLD and still holding TWTR, FEYE (s) and BIS.
Video Analysis:
http://youtu.be/QDnLvVHwW50I highly recommend that you watch the video, rather than just read the notes. I talk about strategies, entries and exits more in depth in the video, yet short enough that they are only 5-10 minutes long.
Indexes and Game Plan
SPY was hit hard taking out the 20 dma and old high. The 50 dma is currently in play. We still will look for good pullback entries, but extra caution must be taken.
The game plan is to stalk our focus list looking for good value with low risk, high reward setups.
Trades
I took profits in LNKD and exited NUGT for a loss. I entered BWLD and still holding TWTR, BIS, FEYE (s).
2015 Trade Results will be updated soon: http://bit.ly/161Yl4w
Focus List
The focus list (see video for strategy) remains almost identical to yesterday with one addition JUNO:
DATA,TWTR,BWLD,LNKD,AAPL,RMD,AMZN,NANO,UCO,BRZU,VA,BOX,TX,HABT,GOOGL,AKRX,JMEI,JUNO,ONCE (see video)
Q1 2015 Earnings Breakouts:
Sector Watch
Sectors in play for trades include crude oil and India: UCO and INDL (see video)
Key sectors include biotech, cybersecurity, commodities, semis, retail, and casinos.
Please read the Education Archive and posts 23 Laws of the Part Time Swing Trading the Market Speculator Way and How to Analyze Your Swing Trade Results It is important to know these setups and rules if you trade off the Report.New subscribers and trial members please leave me any feedback/comments in the comments, via email (singhjd1@aol.com) or twitter
(twitter.com/PaulJSingh)
