Quick Summary:
Nice move for SPY above 50dma. Took profits in LOCO. Entered SSO, BIS (shorts IBB) and LEN. Energy forming nice actionable trading range.
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 of taking more speculative aggressive positions like today's IBB short, yesterday's CYBR short and even today's SPY entry.
https://youtu.be/8MkFHjKNt50I 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
Nice move above the 50 day, in line with out analysis that everything is good under the hood. Now we watch for a move to the old highs we have been waiting for.
The game plan is to stalk energy for a good entry, and look for entries in our small focus list.
Trades
Entered LEN, SSO, BIS (inverse shorts IBB). (see video for analysis and stops/targets)
Took profits in LOCO.
Current positions: UCO, CYBR (short), 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)
