Trade Report Video: https://youtu.be/Hm6m5dhLKNYSPY remounted the 50 dma, and held the gap fill we have been watching. This is a bullish move which puts the next gap at $203.97 in play. Two caveats: SPY is extended, up big 7 of 8 days and yesterday's move was a reaction to the fed minutes, which often reverse a day or two later. Regardless, price action is bullish.We want to see how the market reacts at these levels. A few days of consolidation would be constructive and setup more longs, many of which are currently extended.BRIC countries still strong but extended and biotech continues to lag.Pre-market SPY is up slightly and oil is up 2 percent.I took profits in the AMBA short and stopped out of SPXU. . Still holding GOOGL, AMZN, UWTI, EWZ (short) and CYBR (short). EWZ is set to open near stop level. I will watch $24.25-.40 closely.Focus List: TWTR, MBLY, WBAI, TANH, FCX, WYNN, BITA, SINA, NFLX, UA, CMG, FCX (see video for setups to new additions)Best longs come from BRIC ETFs and Energy (though they are extened): BRZU, RSX, YINN, INDL, XLE, DIG, ERXShorts List: CMG, FIT, SKX, AMBA, BWLD, HRTX, NBIX, RARE, BMRN (see video for discussion of these new short additions)Biotechs: BLUE, KITE, INSY, JUNO, SGEN, SCMP, VTAE, CLVS, PBYI, NBIX, PRTA, ALSKIndexes/Sectors: SPY, SPXL, SPXU, IBB, GLD, USO, XLE, XIV, VXX, BRZU, YINNRemember to stay patient and that CASH is a position.https://youtu.be/Hm6m5dhLKNYPlease 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
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October 9, 2015

