Quick Summary:
More healthy pullback to toward key support levels. GWPH entry. Some speculative plays added to focus list.
Video Analysis:
https://youtu.be/4m7xIaiFZi4I 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
Nudged by poor a AAPL earnings reaction, the market pulled back toward key support levels. This is a good thing if the market is going to break to new highs. The range of stocks that are working continues to narrow, to the point that I am adding speculative plays to the focus list.
The game plan continues to focus on a select group of relative strength stocks and earnings breakouts. While not yet in play, commodities continue to slide. We will watch for a reversal candle, but will not take early stabs without confirmation.
Trades (see video)
Entered GWPH based on the trend pullback setup.
Focus List (see video)
The focus list: AXON,FIT,PYPL,TWTR,NFLX,SHAK,GPRO,GOOGL,ANFI,MBLY,BWLD,SAGE,OHRP,GUID,CALA,AMBA,BIDU3rd Quarter Earnings Breakouts: NFLX, ANFI, GOOGL, HASThe 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)
