Quick Summary:
Another SPY consolidation day as we get ready for a move to $112. Current positions all in the green a few might be profit taking exits if we bounce tomorrow. Focus list remains the same as yesterday with MNST, GWPH and CYBR setting up.
Video Analysis:
https://youtu.be/hq3udbItU6kI 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
Another healthy consolidation with SPY gearing up for a test of that key $112 all time high. This is exactly what we want to see. A breakout at overbought levels will likely lead to a breakout failure, where as a consolidated breakout will likely make a strong move.
We are positioned for this move with a number of long positions, and I may consider adding an index play with SSO or SPXL.
Our game plan is to look for one or two good long entries to add to our 6 long positions. There also may be a short setup morning in IBB again. While we took a small loss with the last IBB short, when the pullback does come it should be worth the small stabs.
Trades
I am still holding SHAK, BWLD, AAPL, TWTR, LOCO, BRZU.
I will consider taking porits in SHAK and BRZU if we get a bounce tomorrow.
2015 Trade Results will be updated soon: http://bit.ly/161Yl4w
Focus List.
Focus List: FSLR,MNST,UCO,LNKD,X,WOR,CYBR,EXH,SSO,P,GWPH,SHAK,GOOGL,XON (see video)
Biotech short list (short term volatile): BIS,ZFGN,LGND,AMAG,NLNK (see video)
Biotech long list: ONCE,BLUE,AAVL,BLCM,FLKS,OHRP,PETX,FOLD,UTHR,JUNO (see video)
Q1 2015 Earnings Breakouts:
Sector Watch
Oil ETF. Biotech (SHORT AND LONG). 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)
