Video https://youtu.be/dbtJTsZJhKoSPY closed out the pre-holiday week with a green day above the key 50ma, however is down slightly to start the week. The market has received half of the down move (QQQ has recovered even more), and is now somewhat extended. We will keep an eye on the 50 and 9ema for failure and potential retest of lows. If the market does not hold these levels, we could potentially add an index or focus list short as the market pulls back to test lows. If that does not happen, we will add longs as the key levels hold and more resistance levels get taken out.It is important to be adaptive to what the market tells us and not have any bounce or short biases going into the week.I am moving stop up for current position LABU to entry level around $87 (current price $95). Thus, it will either be a big win (target $105+) or break even.Focus List: NFLX, NVDA, ROKU, MNST, GWPH, TWTR, SNAP, LULU, BKE, URBN, KSS, BIDU, BABA, SEDG, SFLY, UWT, BRZU, X, FCX, FAS, TWLOCurrent Positions: Still holding LABU--stop moved up to entry level.
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)
