Trade Report Video: https://youtu.be/aKaDNpnNuaoThe market gapped down 3.6% and obliterated the 9 and 50 day moving averages while sitting just above the 200. Premarket is set to gap down on a lesser move. I used Friday to take profits in TWTR and JOY short, while getting stopped out of FCX. I also added UGLD and VXX to balance the portfolio. UGLD is the flight to safety play while VXX is a play on VIX popping if the market tanks (see video)Today I will not look to enter unless we get some type of intraday reversal. Later in the week entries could be made off oversold conditions. Focus list stocks such as KORS and LULU are setup as shorts as they break short term uptrends.In times of volatility like this, I keep the focus list limited to indexes and a few stocks.Remember we don't care about the news, only the price action to the news.REPLAY of Webinar: https://blog.bullsonwallstreet.com/webinar/state-swing-trading-2016/#replayFocus Shorts List: potentially everything. Focus list for the week: SPXL, NUGT, JNUG, UWTI, DWTI, IBB, LABD, LABU, BIB, XIV, VXX, GOOGL, NFLX, KORS, LULU, ERX, TSLA, GS2016 Stats: http://bit.ly/1NFgq7C (UPDATED Saturday)Current positions: Took partial profit in TWTR and added FCX (stop $10.90, target 14). Short JOY (23.60 stop). Still holding AMBA (stop 48), 1/2 TWTR (16.20 stop), FB (112 stop) and SWN ($11.75).Indexes/Sectors: SPY, SPXL, SPXU, URE, IBB, GLD, USO, XLE, XIV, VXX, BRZU, YINN, XLF, FAShttps://youtu.be/aKaDNpnNuaoPlease 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.How To Use Swing Dashboard: https://blog.bullsonwallstreet.com/how-to-use-the-new-swing-trader-dashboard/Chat With Traders Interview: http://chatwithtraders.com/ep-058-paul-singh/Member Only Webinar Recording: https://vimeo.com/152938272New 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
•
June 27, 2016

