Quick Summary:
SPY moves closer to the old high test around $212. Energy and emerging markets on fire. Took partial profits in UCO. Stopped out of RUSS and CYBR for small losses. Holding LEN, SSO, AAPL, MNST, BIS.
Video Analysis:
https://youtu.be/mIhZqQY09hkI 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
SPY moves closer to the old high target level, before pulling back a bit at the close. While most sectors were in the green, today was all about energy, some small caps and emerging markets.
The game plan is to stalk energy for a good entry, and look for entries in our small focus list.
Trades
Took partial profits in UCO. Stopped out of RUSS and CYBR (see video, especially for UCO partial profit strategy)
LEN, SSO, QUNR (short), AAPL, MNST, and BIS.
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 will look for a multi-day pullback in energy and emerging markets. Specific to energy, if it ramps up more there may be overbought short setups. Keep in mind there is no short setup now.
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)
