Quick Summary:
Market continues to consolidate while select stocks from 4 key sectors ramp: biotech, semi, gaming, software. New breakouts and focus list to key on.
Video Analysis:
https://youtu.be/DZUhvJlx6dUI 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 continues to base between the 50 dma and old high. Not much of a signal so we continue to key in on good setups from biotech, semi, gaming and software.
The game plan is to take a cautious approach but stike at good setups that reach entry levels.
Trades
Still holding DIG, JNUG, QIWI, YELP 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
**Focus List: YOKU,CMCM,AMCC,SCHN,TTWO,TANH,MNKD,MBLY,CYBR,CEMP,GPRO
**Stocks of interest breaking out today: RXDX, JRJC, IMGN, SINA, KANG
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
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)
