Video: https://youtu.be/CrNGGuDvDe8
The market continues to ramp as SPY broke above the range to new highs after filling the breakdown gap. The Q's are leading while IWM continues to lag. This is a bit of a concern since IWM represents the broader market. The market is narrow, lead by big tech and select earnings breakout momentum stocks.
FANGs broke out yesterday and I used the breakout to take profits in our GOOGL trade. I also added TSLA on the 9ema remount/continuation pattern.
Stocks I am watching closely today include AAOI, BA, HABT, RACE, NFLX, TTD, WIX
Focus List: AMZN, X, CLF, CYBR, FAS, TTD, GWPH, NFLX, BA, SNAP, HABT, EXAS, GLYC, SGMO, FORM, Z, RACE
TUES LIST: AMZN, NFLX, LABU, SPXU, GWPH, SNAP, BABA, TTD, TSLA, FB, AAPL, SHOP, PLAY BITA, STRP, AAOI, ALNY, SQ
Current Positions: Took profits in FSLR. Entered and exited X. Added FB. Still holding GOOGL and LABU.
ETF List (for post fed longs and shorts analysis): SPY, IWM, QQQ, SMH, IBB, XHB, XLF, USO, XLE, EWZ, RSX, GLD, HACKhttps://youtu.be/CrNGGuDvDe8Please 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)
