Quick Summary:
SPY gives up morning gains. Exited ABMD pre-earnings. Still holding JNUG which bounced strong. Focus list remains the same with the exception of QLYS which will gap down hard today. Keep an eye on our other cyber security focus list stocks.
Video Analysis:
Note: Today's Video talks about the fear of missing moves and examples of why we don't trade through earnings.
https://youtu.be/NBqFsmGkhOsI 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 made a strong move early, only to pull back by the close. Many stocks that looked to be breaking out ended up back within range slightly in red or green. This is why I often wait for the close for swing entries. We want to see if that early strength fades or makes it to the close.
The game plan remains the same: monitor the market in the morning and look for pullback entries in our focus list stocks. If the market gaps up, we need to be careful not to chase and will have to hope for an intraday pullback for entry.
Trades
Still holding JNUG. Exited ABMD for a small loss due to earnings.
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 weeks videos.
Focus List
We are looking for morning weakness for entry.
Focus list: TZOO, ORLY, HAS, BLDR, DPZ, AMZN, JUNO, ATRA, CYBR, FEYE, BLUE, AAPL, MNST, TWOU, ULTA, LEN
New breakout additions: EXAS, BSFT

Second Qtr Earnings Breakouts: CE, SKX, GPRO, AMZN, TZOO, NFLX, MDSO, DNKN, HAS, GIMO, ORLY, RCII, RTEC, DPZ, GPRO, BLDR
Energy focus list: TK,OII,FTI,NOV,XEC,CRZO,ESV,NBR,OAS,VLO,CLR,OIS,WNR,FANG,SCTY,DVN,CVX,DRQ (see video)
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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