Video https://youtu.be/a_fAHctYSXAYesterday was the 5th green day following the initial big market pullback bottom formation. This means the market is extended, as SPY finally remounted the 50ma and QQQ heads back towards it's all-time high. Because of the extended nature of the market, I exited the TQQQ index trade for a big win, and have moved my stop up on LABU close to entry level (85-86). I will be cautious heading into the 3 day weekend and only add if I can get "value" with a pullback today. Premarket the indexes are flat.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.The focus list is currently made up of extended stocks that are in play for pullback entries over the next few days.Focus list in play: SEDG, YINN, NFLX, TQQQ, BIDU, UWT, ERX, MNST, RACE, UA, BRZU, NVDA, XFocus List: SOXL, NVDA, LABU, KSS, URBN, BKE, TWTR, SNAP, FAS, FB, AMZN, GOOGL, NFLX, FCX, X, WTW, BABA, BIDU, BACurrent Positions: Took profits in TQQQ. Still holding LABU--stop has been moved up to $85-86.
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