Quick Summary:
Nice market bounce today. IBB does not follow market while commodities bounce strong. Still holding TNA and TSLA. Narrow Focus list.
Video Analysis:
https://youtu.be/kVJNBjVfvNsI 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
Continuation for the market, which helps our TNA setup. Commodities bounced but show no indication of a big move--this could be a "dead cat bounce" short setup. It is a bit of a concern that Biotech/IBB did not lead today and was down on a day the market was up.
The game plan continues to focus on a select group of relative strength stocks and earnings breakouts. We will keep an eye on comomdities for a clue as to a short setup or continuation long.
Trades (see video)
Holding TSLA and TNA.
Focus List (see video)
The focus list: FIT,OHRP,NFLX,GOOGL,WING,PYPL,GLPG3rd Quarter Earnings Breakouts: NFLX, ANFI, GOOGL, HAS, ASPS, INFN, FTK, FTNT, NTGR, UA, V, CMGNew additions: BWLD, LMAT, PNRA, NUVA, SLCA, XThe 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,ERXhttps://youtu.be/kVJNBjVfvNsPlease 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)
