Quick Summary:
SPY floats up toward the test of highs level. Took profits in EA, stopped out of BIS and entered feeler position in JNUG. Focus list remains the same.
Video Analysis:
Along with our normal analysis, today's video talks about swing trading and not over trading for the sake of making trades.
https://youtu.be/84_8t4aOnngI 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 continues to float towards that key $212 level. Overall not much going on in the market today, very few breakouts and no new earnings candidates..
The game plan remains to capture a market move to the old highs by keying in on strong focus list stocks and sectors.
Trades
Took profits in EA, stopped out of BIS and entered JNUG (see video and alerts)
Still holding FEYE and AAPL.
Note: JNUG is not our typical swing trade as we build positions and even average down if prices go lower. This is a small position that allows me to enter more on deeper pullbacks without getting stopped out. This setup has been discussed in the last two videos.
Focus List
Tomorrow we continue to 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
(twitter.com/PaulJSingh)