SPY looked like it was cratering yesterday only to recover and form a "hammer" candle near highs. This is a positive candle, though overall breadth was weak. The best stocks right now continue to be "junk" stocks which is not good for the market. It is telling that AAPL had great earnings, yet it became a sell the news event.We are seeing a minor rotation from biotech and retail to commodities. Gold miners, steel, silver, ag, chemicals, metals and other commodity related sectors are showing volume/money flow.I am still holding JNUG and FEYE.I took profits in $AAPL.Narrow focus list: JNUG, DIG, UCO, NFLX, RTEC, RCII, GPRO, XNote: Many biotech and retail stocks are beaten and at moving average support. I will prepare a list and send it out pre-market as a "trade idea" alert.
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
April 28, 2015
