Video: https://youtu.be/tNyHl0jcWecThe market was crushed yesterday with SPY down .8% and breaking below the 9ema, while QQQ was down 1.8%. Big tech and biotech were hit hard, while financials and commodities showed relative strength. Premarket we are seeing a bit of a bounce, but it's not the open but the close we must focus on. This will tell us if there is a continuation or resumption of trend. At this point it is best to be patient. It is helpful that we have one short position and the remaining longs are in relative strength areas. Potential shorts are mostly big tech related: NFLX, AMZN, FB, GOOGL, TSLA, NVDA, AAOI, BA, AAPL. These are low risk, high reward setups. However, I will wait and stay patient waiting for a good signal.Focus List: GLYC, WIX, RRGB, TTD, FSLR, SEDG, ARCH, UA, GWPH, SGMS, PENN, WYNN, BYD, FB, NFLX, TSLA, BABACurrent Positions: Stopped out AAOI. Still holding LABD, FAS, X.https://youtu.be/tNyHl0jcWecETF List (for post fed longs and shorts analysis): SPY, IWM, QQQ, SMH, IBB, XHB, XLF, USO, XLE, EWZ, RSX, GLD, HACKPlease 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)
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
June 28, 2017

