Quick Summary:
Market volatility as expected on Fed day, with a break even close. Entered CYBR on breakout. Tightened focus list as market narrows requiring more selectivity.
Video Analysis:
https://youtu.be/EnmTGmdyZ-EI 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
As expected lots of volatility on Fed day, but essentially closing at break even. I used the volatility dip to enter CYBR off it's highs. The game plan for tomorrow remains the same, as we tighten the list of stocks we look to enter in this narrowing market.
The over arching game plan is to take a cautious approach but stike at good setups that reach entry levels.
Trades
Still holding MBLY, BIS, JNUG, GPRO and AMZN.
Entered CYBR today as half position and will look to add if it pulls back more.
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 stocks near entry (SGYP, NFLX, TWTR, AAOI NEW SEE VIDEO): SGYP,TWTR,AAOI,NFLX,UCO,CMCM,WBAI,CYBR,TANH,KITE,MRC,SEDG,YOKU
Overall Watchlist from last week:TSE,CMT,PES,ARDX,SANW,CRWW,USAT,BOX,TTWO,EA,GLUU,KING,CMCM,DSKY,WAC,OCN,WD,WBAI,SGMS,NFLX,AMBA,AAWW,FIVE,CONN,VMW,DATE,PTBI,GEVO,LOGM,BLFS,ARDX,HABT,CROX,GPRO,BABA,CYBR,KITE,VDSI,AAOI,MBLY,VLTC,RXDX,JRJC,HRTX,SINA,KANG,IMGN,YOKU,AMCC,SCHN,TANH,CEMP,BAS,MNKD,OAS,GALE,SRPT
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
Key sectors include biotech, software applications and internet, gaming, select retail, steel, oil related 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)
