Quick Summary:
Market consolidates at highs. The same narrow group of momo's continue to ramp higher. Today's entry $GOOGL. Focus list remains the same. Key in on earnings breakouts and momos.
Video Analysis:
https://youtu.be/sBlNRYRNJE0I 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
The indexes held levels near highs, though look exhausted and ready for some more consolidation or pullback.
The game plan continues to focus on a select group of releative strength stocks and earnings breakouts. While not yet in play, commodities continue to slide, while gold tanked. We will watch for a reversal candle, but will not take early stabs without confirmation.
Trades (see video)
Entered $GOOGL as a earnings breakout-pullback setup.
Focus List (see video)
The focus list: ETSY,AXON,SGYP,FIT,HABT,WING,NFLX,ANFI,GOOGL,BWLD,AMZN,OHRP,FOGO,GUID,UA,GPRO,YINN,MBLY,GWPH,FEYE,BLUE,AMED,SAGE3rd Quarter Earnings Breakouts: NFLX, ANFI, GOOGLThe biotech list (long and short): SAGE,EPZM,PRTA,SCMP,INSY,BLUE,POZN,RARE,KITE,RGEN,SGEN,FOLD,ALKS,FOLD,REGNCommodity List: USLV,TANH,SEDG,WLB,JKS,FSLR,CSIQ,FCX,WOR,X,OA,ERXPlease 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)
