Quick Summary:
The market consolidates yesterdays gains breaking even. A number of speculative biotech stocks in play today. We will monitor tomorrow along with earnings breakout ANF. Still holding QIWI, JNUG, DIG, AMZN and TZOO.
Video Analysis:
https://youtu.be/AabmhqAh58AI 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 holds yesterday's level in what amounts to a break even day. Plan is still the same. We will key in on a few speculative biotech stocks.
The game plan is to take a cautious approach but still be willing to take a few small positions if the setup is there. Possible SPY short if there is a small bounce that gives us a better risk profile.
Trades
Still holding DIG, JNUG, TZOO, QIWI and AMZN (see video for stop strategy).
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
New speculative additions for Friday: ANF, BDSI, XOMA, CERS
Focus List: CSLT,SEDG,MDR,WBAI,VEEV,MBLY,AMBA,BLUE,DSKY,QIWI,CEMP,MNKD,BRZU,FEYE,CYBR
NEW Junk Stock List: VCTY, PTBI, PFNX, TRIL, ZEUS, SCHN,
NEW Parabolic Shorts List: CALM, CMCM, EBIX, ZEUS, SHAK, TCX, EHIC, LIFE
Second Qtr Earnings Breakouts: CE, SKX, GPRO, AMZN, TZOO, NFLX, MDSO, DNKN, HAS, GIMO, ORLY, RCII, RTEC, DPZ, GPRO, BLDR, ORIG, MOMO, RRGB, TTWO, QIWI, NES, Yoku
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
Semis breakout today. Will start looking into stocks from sector. Brazil interesting candle today.
Commodity sectors gold miners, energy, aluminum and coal. Financials, biotech, software internet, gaming 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)
