Quick Summary:
SPY holds 50 dma. Energy pulls back. Focus list mostly energy and homebuilders. Today's entries UCO (long) and CYBR (short).
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.
Note 2: In today's video there is discussion about taking on more speculative positions, especially shorts like today's CYBR trade.
https://youtu.be/k_IF6QBhUYII 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 held the 50 dma, while energy pulled back today.
While we are watching for a pullback, we are still overall bullish. Things look good under the hood (see video for discussion of IWM and strong vs weak sectors).
The game plan is to stalk energy for a good entry, and look for energies in our small focus list.
Trades
Entered UCO long and CYBR short (see video).
Current positions: LOCO, AAPL, X, MNST.
2015 Trade Results: http://bit.ly/161Yl4w
Focus List
Energy focus list: TK,OII,FTI,NOV,XEC,CRZO,ESV,NBR,OAS,VLO,CLR,OIS,WNR,FANG,SCTY,DVN,CVX,DRQ (see video)
homebuilders: LEN, DHI, SPF, RYL, MTH (see video)
Focus List: amzn, hd, ea, xon, ggal, kmx (see video)
Q1 2015 Earnings Breakouts:
Sector Watch
We are looking for positions in homebuilders and energy
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)
