Quick Summary:
SPY breaks 50 dma on poor breadth and high volume. Stopped out of LNKD, SSO and LEN. Revamped focus list. Watch for good entries in energy and gold.
Video Analysis:
Today's video is must watch as we go into many different concepts, a revamped focus list, talk about possible trades of the year in oil and gold, managing risk and other topics. It's longer than normal at 28 minutes.
https://youtu.be/Wf9MCG1HEGAI 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 broke down below the 50 dma remount level on strong volume and poor market breadth. This type of move often leads to new stocks and sectors emerging, so I revamped the focus list with many new stocks.
We will monitor the market, look for earnings breakouts and focus list entry levels. This is a good time to be patient, take limited shots and manage risk vigilantly.
Trades
Stopped out of LEN, SSO, LNKD.
QUNR (short), AAPL, MNST, and BIS.
Focus List
New 2nd quarter breakouts CE, NFLX and TZOO
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
Energy and Gold for long term big swing trades. Cyber security, medical devices, biotech, data storage, internet.
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)
