Trade Report Video: https://youtu.be/X2BtceTMOikWe started last week posing the question "which gap will SPY move to, upside or downside?" The answer was upside as the market remounted the 50 dma and filled one upside gap and held that level. This week we need to see if this level holds and we fill the next gap at $204. If this gap holds, we move from slightly bullish to bullish.While there are a lot of positive looking setups exhibiting bottoming formation and remount setups, there are some concerns as well. Biotech is lagging and continues to look like a leading sector that is breaking down.Heading into the week, our focus is on bottoming BRIC countries and possible biotech shorts.Markets set to open flat this morning.I am still holding GOOGL, AMZN, UWTI and short CYBR and EWZ.Focus List: NFLX, MITL, BITA, SINA, DSKY, UA, VDSI, SUNE, WING, KITE, FCX, CMG, SODA (video for setups and new additions)Best longs come from BRIC ETFs and Energy (though they are extened): BRZU, RSX, YINN, INDL, XLE, DIG, ERXShorts List: HRTX, RARE, BMRN, BLUE, AMBA, PTRA (see video for discussion of these new short additions)Of Interest: TSLA, FIT, TWTR, SEDG, BWLD (not sure of direction yet but interested)Recent IPO: NUCRBiotechs: 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/X2BtceTMOikPlease 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 12, 2015

