Trade Report Video: https://youtu.be/nzC_wJHPr0gPremarket futures are up around 3 percent with SPY set to open around $194. This is below yesterday's high, but a nice bounce from the close. Remember that a lot can happen intraday so this is not the all systems go bounce, yet.Yesterday was historic in terms of selloff and volatility, with comparisons to Black Monday and post 9-11, however I do not "feel" the panic I did after those two moves. That could be why the close was not near highs yesterday--we didn't hit capitulation levels.While I would have liked a strong close, I will look to enter long SPY/UPRO on slight weakness today, keeping risk levels in mind and not getting too aggressive. The market still could pull back and I do expect volatility, but I must take a small shot when at historic, extreme levels (see discussion of T2108 and stochastic).I will also look for VIX short opportunity if we bounce via XIV.Along with today's video, review yesterday's premarket and intraday videos:Premarket: https://youtu.be/JgLR1EFSYPcIntraday: https://youtu.be/fsXp1yGJdv8See today's video for AMZN and GOOGL analysis of stops and a little on the day trade strategies using 1 minute charts.https://youtu.be/nzC_wJHPr0gRegister for my Free webinar Sept 2nd at 8EST. I will be talking swingtrading in these volatile markets!
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
August 25, 2015

