Quick Summary:
SPY giving no clues though improving under the hood. 1st quarter spreadsheet updated. New Focus list. Current positions X, AAPL, MNST, BIB, LOCO. Keying in on homebuilder sector.
Video Analysis:
Note: First quarter trade results are complete and spreadsheet is updated. Feel free to email (Singhjd1@aol.com) your thoughts and analysis. I will have my own analysis later this week. Your feedback will let me know topics I should discuss.
https://youtu.be/FvbDkIdXM7gI 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 is tough to game right now, though under the hood things look better than price action shows. We have noticed some underlying breadth indicators giving us positive signals.
I believe this week we get some clues as to market direction. Again the 50 dma remount or move to the 200 dma are key levels.
The game plan of smaller positions sizes and slightly bullish outlook continues.
Trades
I am holding BIB, LOCO, AAPL, X, MNST. BIB-biotech entered Thursday.
2015 Trade Results: http://bit.ly/161Yl4w
Focus List.
New Additions: FLKS, FOLD, RGEN, KMX, EXPE, MTH, LEN, DHI, SPF, RYL (see video and talk of homebuilder sector)
Focus List: MNST, GOOGL, XON, SHAK, GWPH, X, P, CYBR, PANW, AMZN, EA, HD (SEE VIDEO)
Q1 2015 Earnings Breakouts:
Sector Watch
Keying in on homebuilder and building materials along with biotech and emerging markets.
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)
