Market Speculator Part-Time | Swing Trade Report

Trade Report Video: https://youtu.be/JgLR1EFSYPcWe are set to open with a big gap down (SPY 190, down 7 points) following last week's 2 day selloff to end the week.It's time to close ranks, focus on the indexes and VIX (VXX/XIV) and watch for the bounce signal. Pay close attention to how SPY acted during the October 2014 selloff.Stochastic and the T2108 indicator are now hitting extreme oversold levels. Watch for a hammer or bullish engulfing formation (strong close after panic intraday). If taking a shot without confirmation, manage risk closely.Remember cash is a position and you do not need to trade right now. This market selloff was not a complete surprise as we have become less aggressive for a few weeks due to the narrowing market and other signals.Current positions GOOGL and AMZN set to gap down big, way past stop levels. We are using our previously discussed gap down strategy. Watch the open and see if levels hold. If they do not, we will get out.There is no usual focus list to start the week. We are keying in on SPY, VXX/XIV and gold.https://youtu.be/JgLR1EFSYPc