Video: https://youtu.be/BPfHB8qNeI0Oil is popping pre-market, up nearly 3%. We have been waiting for a strong rubber band bounce reversal signal and may have it today. Energy is also strong. I will look to enter an oil/energy stock today. ERX, UWTI, OAS and others are on the radar.Of our five sectors to watch post election, all continue to show strength except Russia.
- Biotech (LABU)
- Marijuana (GWPH)
- Financials (FAS/GS)
- Russia (RUSL)
- Industrial Metals/Copper/Steel (FCX, X, STLD, MT, GGB)
I took profits in LABU on the 6th big up day, and entered FAZ as an overbought counter-trend short play on financials (see videos and intraday notes). GWPH continues to show strength after the marijuana post election catalyst.Current positions: Profits in LABU. Entered FAZ. Still holding GWPH.Notice that the current market breakout looks very similar to the post-Brexit move. String sectors are extended and we could take quick counter-trend shorts on signal.Remember to be patient. There is no need to trade the first move. That is what we did post-Brexit and it became the most profit time period of the year for us. Current positions: Stopped out PYPL. Still holding LABU and GWPH.Post Election In Play: IBB, LABU, GWPH, GLD, UGLD, JNUG, NUGT, DUST, JDST, FAS, VXX, XIV, GS, RUSL, YINN, X, FCX, STLD, MT, GGB, AXP, AIRG, BBD, POT, MOS, BBD, NVDAFocus List: SOXL, BBD, GGB, FAS, AMKR, ULTA, RACE, AXP, NVDA, REN, SHOP, WLB, GWPH GOOGL, FB, AMZN, NFLX, CYBR, NTES, X, AKS, MT, PYPL, BRZU, AXP, AKAM, HABT, BABA, WLB, HOG, ETF List (for post fed longs and shorts analysis): SPY, IWM, QQQ, SMH, IBB, XHB, XLF, USO, XLE, EWZ, GLD, HACKhttps://youtu.be/BPfHB8qNeI0Please 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/Webinars: January: https://vimeo.com/152938272 February Q&A: https://blog.bullsonwallstreet.com/swingtradingwebinarqa/February: https://blog.bullsonwallstreet.com/pages/swing-trading-webinar-feb2016.htmlMarch: https://blog.bullsonwallstreet.com/webinar/paul-singhs-top-five-stock-picks/May: https://blog.bullsonwallstreet.com/webinar/day-swing-trading-energy-sector/June: https://blog.bullsonwallstreet.com/webinar/state-swing-trading-2016/#replayNew subscribers and trial members please leave me any feedback/comments in the comments, via email (singhjd1@aol.com) or twitter(www.twitter.com/PaulJSingh)
