Video: https://youtu.be/mVWYxXiNJeM
Another day of consolidation as SPY consolidates recent gains. We continue to watch the old high and 9ema for support. IWM was hit much hard yesterday while QQQ lead. This continues the theme of big tech leading while the broader market lags. Biotech was crushed yesterday while oil is getting hit hard premarket.
I took profits in TSLA yesterday and was stopped out of LABU.This continues the strategy of taking quick 2:1 profits for wins and keeping losses small (LABU loss was 2.3 times smaller than TSLA win).
Today's list: TSLA, GLYC, FSLR, BA, AMZN, NFLX, GOOGL, X, RRGB, AAOI, SNAP, X, XENT, HIIQ, Z
Focus List: AAOI, NVDA, WIX, MZOR, POT, TTD, AMZN, NFLX, GOOGL, AAPL, FAS, SNAP, WYNN, RACE, W, BRZU, LITE, CTRP
Current Positions: Still holding TSLA, FB, LABU. TSLA and FB are near potential targets while LABU is near stop level.
ETF List (for post fed longs and shorts analysis): SPY, IWM, QQQ, SMH, IBB, XHB, XLF, USO, XLE, EWZ, RSX, GLD, HACKhttps://youtu.be/mVWYxXiNJeMPlease 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)
