Video Note: I recorded a video, however I am having issues with the youtube conversion. Once it is ready I will send it out in an alert.SPY got close to the top of the post selloff consolidation range yesterday with a 2.5 percent move, and is set to open right at the breakout level this morning. If it closes at this level it gets out of the consolidation range and we will turn bullish. Remember the key is the close, not the open or intraday action.The open will put GOOGL and AMZN back at our entry levels, making our hold though the selloff a success. The SPXU position is below stop level, however I will hold to see if the market open holds. If it holds and continues higher, I will exit SPXU and possibly reverse by entering SPXL.If the market does breakout, watch our relative strength list and stocks remounting their 50 dmas.Possible Shorts: AMBA, CYBR, CBM, NTESFocus List: NFLX, UA, CMG, WLB, UHS, BWLD, GOOGL, AMZN, HRTX, RARE, NBIX, TANH, JBLU, VA, ALKIndexes/Sectors: SPY, SPXL, SPXU, IBB, GLD, USO, XLE, XIV, VXXRemember to stay patient and that CASH is a position.Please 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)
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
September 9, 2015

