Quick Summary:
SPY consolidates yesterday's big move and could be setting up for a test of $112. Still holding long positions. Watching cybersecurity closely, along with biotech pullbacks.
Video Analysis:
https://youtu.be/DFUrf6S7ku0I 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
As expected the market digested yesterday's big move. This is healthy and a few more days of this could setup a retest and possible breakout of the all-time highs at $112. We are positioned for this with a number of long positions, and I may consider adding an index play with SSO or SPXL.
Our game plan is to play conservatively look for good value and reward to risk and a tight focus list until the market plays its hand (breakout of SPY $112).
Trades
I am still holding BWLD, AAPL, TWTR, LOCO, BRZU.
2015 Trade Results will be updated soon: http://bit.ly/161Yl4w
Focus List.
New Additions: VDSI, PANW, CYBR, FEYE, FOLD, GWPH
Close to entry for tomorrow and early next week: GWPH,UCO,FSLR,GOOGL,XON,RGLS,SHAK,P,MNST,VDSI,FEYE,CYBR,PANW,FOLD
LNKD,UA,HAR,P,GRPN,DATA,RMD,NFLX,AAPL,FSLR,GOOGL,TWTR,NANO,LOCO,GWPH,ESPR,RGLS,XON,JUNO,SHPG,ONCE (see video)
Q1 2015 Earnings Breakouts:
Sector Watch
Oil ETF. Biotech. Internet and social media.
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)
