Trade Report Video: https://youtu.be/oo0HvcFtsUsPremarket futures are up around 2 percent with SPY set to open around $192. This is still below Monday's high, but above the October 14 low that was tested Monday.We are still at historic oversold levels with T2108 at 6 and the huge 4 day price drop. However again the poor close was concerning. The positive is even with a 1 percent down move in SPY yesterday, there was a lot of green in our old watch list.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 and watch a select few stocks:UPRO,VXX,XIV,GPRO,AAPL,NFLX,MBLY,GPRO,CMG,UARemember to stay patient and that CASH is a position.Along with today's video, you may want to review the Reports for Monday and Tuesday.https://youtu.be/nzC_wJHPr0ghttps://youtu.be/JgLR1EFSYPchttps://youtu.be/oo0HvcFtsUsRegister 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 26, 2015

