Quick Summary:
SPY and IWM up against key resistance levels. Breakouts setup more aggression for swing trade methodology. Holding JNUG, GPRO, AMZN, TZOO. Focus list mostly earnings breakouts, commodities and cyber security.
Video Analysis:
https://youtu.be/dxaeDYTsLYoI 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. TickerTV link with Kunal:http://ticker.tv/kunal00/5553822ec9f909591800001c
Indexes and Game Plan
The key this week is SPY breaking out over the new high range and holding, along with IWM breaking the 50dma on strong volume. If we get this we can adjust out game plan and get more aggressive. If not, we remain in chop.
The game plan is to play conservatively and key in on stocks with earnings catalysts or low risk patterns. We continue to monitor earnings pullbacks that are setting up and focus list stocks. We continue to look for a good entry in energy and oil.
Trades
Still holding JNUG, GPRO, TZOO and AMZN (see video).
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
Focus List: (SEE VIDEO) TZOO,RTEC,GPRO,AMZN,PHH,NFLX,GLUU,BABA,HABT,CENX,CLD,ULTA,PANW,CYBR,TWOU,X,TX,WOR,CHOP
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
Commodity sectors gold miners, energy, aluminum and coal. Financials, biotech and cyber security.
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)
