Quick Summary:
SPY tests highs. AAPL earnings tomorrow after close Still holding FEYE, AAPL and JNUG. New earnings breakout additions and a few tweaks to the focus list.
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/Eo2otPoMnH8I 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 again tests the high without breaking out or pulling back hard. We now wait and watch for either a breakout or consolidation. Under the hood, while not overly negative, we are not seeing the type of strength that would lead to an all systems go breakout.
The game plan is to look for quality setups on the long side, exercise patience and not trade overly aggressive. We continue to stalk energy and oil for entry.
Trades
Still holding JNUG, FEYE and AAPL.
Note:
1. AAPL earning are after the close MONDAY. In the report we discuss, as we did also on Friday, the strategy for holding earnings if price remains above $130 and we have that 5 point "cushion".
2. 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
Today's earnings breakout additions: GIMO, AMZN, BLDR
2nd quarter breakouts: HAS,CE,NFLX,TZOO DNKN, DPZ, MDSO, ORLY, SKX
FocusList: FCX, UCO, EYES, ULTA, GPRO, WLB, BABA, AGIO, LNKD, MNST, UA, GTLS, VLTC, VDSI, LULU
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)
