Quick Summary:
SPY small bounce after Friday's down move. The 50dma level is still the key level. Current positions BWLD, TWTR, FEYE (s), BIS. Focus list remains the same, though now considering oversold bounce plays in BRZU, NUGT and INDL.
Video Analysis:
http://youtu.be/u53A6PF7XKII 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 bounced a bit as expected after Friday's big down move. The key for this week is still that 50 dma level. If the market holds or even drops below and remounts, it setups up another bullish run. We continue to be cautious with out entries, though a pullback will get us more aggressive as we spot good value with high reward low risk setups.
The game plan is to stalk our focus list looking for good value with low risk, high reward setups, and take some shots at extreme oversold bounce candidates like NUGT and Brazil (BRZU)
Trades
I am still holding BWLD, TWTR, BIS and 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:
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
We are watching INDL, UCO and BRZU for oversold bounce setups (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)
