Quick Summary:
SPY fails to hold 50 dma. Still holding all positions, though LNKD nears stop level. Selective long entry strategy along with development of shorts watchlist.
Video Analysis:
https://youtu.be/DspceHNOPwEI 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
The market failed to hold the 50 dma. This puts the $212 high test into question. I will play long very carefully and selectively. There are not a lot of great swing setups as of today. We will also look to develop a shorts watch list in preparation of a move to $201 and to diversity setups in this unpredictable market.
Trades
I am holding TWTR, LOCO, AAPL, MNST, BRZU, LNKD
2015 Trade Results will be updated soon: http://bit.ly/161Yl4w
Focus List.
Today's move puts test of highs into question, thus we are less aggressive with the focus list and will develop a shorts watchlist in case of a move to the 200 dma.
Focus List: XON, GWPH, UCO, SSO, CYBR, AMZN, PANW, BLUE, KOP, AEIS, GES, DATA, FEYE, UA, DVAX, RGEN, CEMP, LEN, DHI (SEE VIDEO)
Q1 2015 Earnings Breakouts:
Sector Watch
Keying in on homebuilder and building materials along with biotech and oil.
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)
