Quick Summary:
SPY consolidates as it moves closer to the old high test around $212. Took profits in UCO. First two big earnings breakouts on our list: NFLX and TZOO.
Video Analysis:
https://youtu.be/zmxbWWz54FsI 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 consolidates at same level as yesterday. Highs are still in play. I will look to exit SSO position on a market bounce tomorrow. Energy is showing signs of a possible pullback.
Earnings season officially starts for us with the NFLX and TZOO breakouts. We will look to aggressively play earnings this season.
Trades
Took profits in remainder of $UCO position.
LEN, SSO, QUNR (short), AAPL, MNST, and BIS.
Focus List
New 2nd quarter breakouts NFLX and TZOO
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)
