Video: https://youtu.be/VR4RhLduQaw
The market recovered intra-day weakness by putting in hammers across the board in SPY, IWM, QQQ, IBB and more. Retail is getting crushed while big tech and housing continue to lead. Oil conintues to bounce which lead to the UWT entry yesterday.
Took profits in NVDA on the big post breakout continuation play. See video for the thought process behind the early breakout entry.
The focus list today remains the same as the past few days.
Stocks in play Thursday: UWT, AAOI, AMZN, BABA, WIX, SQ and FIT for potential entries today.
Stocks in play Wednesday: TOL, BZH, AAOI, SCSS, MNTA, WYNN, MZOR, FSLR. CRCM, IEX, UA, BABA, ISRG (see video)
We continue with the same focus list although we are keying in on solars, trucking, internet content and casinos, while financials and oil could come into play after today.Focus list NVDA is breaking out premarket on earnings.Sector Adds: SAIA, CSIQ, SEDG, SPWR, RATE, IAC, WUBA, LVS, MGMLong Focus List: FB, AMZN, GOOGL, NFLX, NVDA, SCSS, AAOI, UA, ANGI, IEX, SONS, CMG, FLSR, SODA, BA, BABA, WYNN, CRCM, MNTA, CHGG, MZOR, FIT, SQ, HIIQ, X, IPHI
Current Positions: Took profits in NVDA. Added UWT oil position. Still holding X, FSLR, FB, TSLA, TZA hedge.
ETF List (for post fed longs and shorts analysis): SPY, IWM, QQQ, SMH, IBB, XHB, XLF, USO, XLE, EWZ, RSX, GLD, HACKhttps://youtu.be/VR4RhLduQawPlease read the Education Archive and posts 23 Laws of the Part Time Swing Trading the Market Speculator WayHow 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/29 Essential Trading Posts For 2016: https://blog.bullsonwallstreet.com/29-essential-swing-trading-posts-2016/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)
