Video https://youtu.be/MQYUhhbeKa0After a constructive day yesterday holding at the top of the bounce range, the market is down significantly at % on the new inflation numbers that has spooked the market. Now we watch intraday to see if the market is over-reacting or will ignore the data and reverse intraday. At this point my two positions LABU and TQQQ are both comfortably above stop levels, but that could change if the market slides. Many stocks remounted key levels yesterday, or are close to remount levels. We will continue to monitor these stocks, especially if the market reverses and also remounts.Note that premarket pullback levels do not change much technically at this point. However, f the market slides from these levels, I'll adjust our strategy intraday.Now we watch for continuation and clearance of key resistance levels. After each level clears we become more bullish. If they fail we go market neutral or bearish depending on the action. It's important to be adaptable in this market and not come in with any directional bias.Our focus list strategy is to add bounce plays and relative strength stocks.Focus list in play: SQ, SINA, TWTR, UA, XFocus List: SOXL, NVDA, LABU, KSS, URBN, BKE, TWTR, SNAP, FAS, FB, AMZN, GOOGL, NFLX, FCX, X, WTW, BABA, BIDU, BACurrent Positions: TQQQ and LABU.
Please 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: https://blog.bullsonwallstreet.com/29-essential-swing-trading-posts-2016/New subscribers and trial members please leave me any feedback/comments in the comments, via email (singhjd1@aol.com) or twitter(www.twitter.com/PaulJSingh)
