SPY tested the highs and pulled back hard. That, couple with the fact that market leadership is narrowing and many of the stronger stocks right now are "junk stocks" leads me to believe a pullback is coming. Also, key sectors like retail and biotech were hit hard.The game plan is get less aggressive and take a few shots at setups as they emerge. Overall, exercise patience and wait for better market conditions.The AAPL trade: AAPL looks like it will open in the $134-135 range. This is new high territory breaking the resistance range. My stop is moved up to $132 locking in a 7 point gain. We have a new target at $140.I will look to add JNUG on slight weakness.Still holding FEYE with a $45-46 target.Narrow focus list: AMZN, TSLA, JNUG, TWTR (earnings today), FCX, GPRO, ULTA, BIB
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
April 28, 2015
