Quick Summary:
SPY tests 50 dma and still looks healthy and ready to test highs. Entered LNKD today, took profits in X. Analysis of focus list stocks and new additions JBHT, SDRL and CLF.
Video Analysis:
https://youtu.be/K6SmLS7roWYI 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 test of the 50 dma for SPY and everything is still setup for a test of the highs. IWM continues to show relative strength which is great for our momentum type plays.
The game plan is to stalk energy for a good entry, and look for entries in our small focus list.
Trades
Took profits in X. Entered LNKD (see video)
LEN, SSO, QUNR (short), CYBR (short), AAPL, MNST, RUSS and BIS(inverse shorts IBB and Russia)
Focus List
Key in on FEYE, HD, CBT, TWTR, EA
New additions: CLF, SDRL, JBHT (see video)
Focus List: WBAI, KMX, CBT, BABA, GPRO, WLB, ULTA, HD, BLUE, EA, X, XON, UCO, MNST, LNKD, ONCE, TWTR, MTSI, FEYE, AAPL
Energy focus list: TK,OII,FTI,NOV,XEC,CRZO,ESV,NBR,OAS,VLO,CLR,OIS,WNR,FANG,SCTY,DVN,CVX,DRQ (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)
