Video: https://youtu.be/9l1ZyuhwhhgNEW FOMO POST: https://blog.bullsonwallstreet.com/get-rid-trader-fomo-flip-negative-positive/While SPY closed down slightly, IWM pulled back 1% indicating weakness in mid and small caps. This could signal that start of a well needed pullback. Oil led the market but did close off the big pop at the open. We used that early gap up to take profits in UCO and OAS (see video). Steel continued it's pullback and X reached our initial target at the 9ema. Russia (RSX) continues to show strength. I have added ARCH, LMT and HABT to the focus list. Potential shorts include NVDA, YELP, AAOI, WLB, SXC as they all break their 9emas.Current Positions: Took profits in UCO, OAS and X short, and stopped out TWLO. Still holding FCX, PLAY and AIRG. Focus list to start week: GOOGL, NFLX, AMZN, FB, AAPL, GWPH, WLB, TWTR, AA, RSX, TLRD, TLYSOther Focus List stocks: GWPH, X, AKS, FCX, POT, BA, LMT, SXC, WLB, ERX, NFLX, GS, WFC, OZARK, ZION, FAS, ARCB, SWFT, XPO, NVDA, AAOI, SOXL, AMD, TWTR, WLB, ARCHhttps://youtu.be/9l1ZyuhwhhgEnergy List: UCO, ERX, MRO, RIG, WLL, OAS, WPX, EPE, NBR, CRZO, REN (there are literally over 100 strong energy stocks).Of our 7 sectors to watch post election.
- Biotech (LABU)
- Marijuana (GWPH)
- Financials (FAS/GS)
- Russia (RUSL)
- Industrial Metals/Copper/Steel (FCX, X, STLD, MT, GGB)
- Shipping (New) (EGLE, DSX, GLNG)
- Defense (BA, GD, LMT, BEAV, TASR)
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.ETF List (for post fed longs and shorts analysis): SPY, IWM, QQQ, SMH, IBB, XHB, XLF, USO, XLE, EWZ, GLD, HACKPlease 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)
