Quick Summary:
SPY pulls back and holds 50 dma. New entries EA and FEYE bounce strong today. Stopped out of speculative position QUNR for small loss. Focus now on gold miners and oil.
Video Analysis:
Today's video also answers the question of why I entered FEYE and EA instead of other focus list stocks like GPRO, TWTR and X.
https://youtu.be/G4Wtk9hWoSsI 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
After early strength SPY pulled back and held the 50 dma. Our overall outlook remains the same and we will key in on trying to build a position in gold miners and oil.
The game plan is to try to capture a market move to the old highs by keying in on strong focus list stocks and sectors.
Trades
Stopped out of QUNR (see video and alerts)
Still holding EA, FEYE, AAPL and BIS.
Focus List
Tomorrow we will look to build a position in JNUG or UCO. Other focus list stocks include FCX, EYES, ARAY, GPRO and ONCE.
New 2nd quarter breakouts: HAS,CE,NFLX,TZOO (HAS added today, see video)
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
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