Quick Summary:
SPY right at 50 dma with mixed signals. Starting the week conservatively. Focus list looking for value on pullbacks for entry.
Video Analysis:
https://youtu.be/WF-h6OwHUqII 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 gave us some volatility on Friday but ultimately did very little at the close. We are still right at the 50 dma, with no remount or breakdown showing itself yet. For bulls the volume pattern is a concern, while bears need to be cautious of the already oversold levels.
Our game plan is to play conservatively with small position size, good value and reward to risk and a tight focus list until the market plays its hand.
Trades
I am still holding BWLD, AAPL, TWTR, BIS, BRZU. I was stopped out of UCO.
2015 Trade Results will be updated soon: http://bit.ly/161Yl4w
Focus List.
DATA,RMD,NFLX,AAPL,FSLR,GOOGL,TWTR,NANO,LOCO,GWPH,ESPR,RGLS,XON,JUNO,SHPG,ONCE (see video)
Q1 2015 Earnings Breakouts:
Sector Watch
Key sector to start the week is biotech.
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)
