Video: https://youtu.be/ByM_BdEB-j0The market took a rest to end the week and is sitting right at a key inflection point. A break here likely leads to a deeper, yet healthy, pullback. Remember December seasonality probabilities. Th market often makes a nice run at the end of the month and we are right at the time that usually happens. However, the market has been so strong to start the month that it could throw a wrench into the usual seasonality. Commodity sectors have pulled back under the 9ema. I will look for remount entries similar to the oil entry.Oil remounted the 9ema Friday which triggered our entry in UCO.Current Positions: Entered UCO in remount of 9ema. Still holding TZA and PLAY.Today's Focus list: LABU, ERX, BCRX, OAS, ULTA, TSLA, POT, NVDA, FCX, SXC, X, AKS, BWLD, FB, AMZN, GOOGL, NFLX, AAPL, ETSY, RUTH, HABT, CAKEEnergy List: UCO, ERX, MRO, RIG, WLL, OAS, WPX, EPE, NBR, CRZO, REN (there are literally over 100 strong energy stocks).https://youtu.be/ByM_BdEB-j0Of 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)
