Video: https://youtu.be/oJBz8HL9RIYThe market is down between .6-1% this morning, with SPY gapping below the key moving averages on talk of increased Fed rate hikes and a Facebook data breach. If the indexes close red today this would mark the 6th red day in a row. At this point we will exercise patience and watch for one of two things: a higher low being made, or a quick reversal and remount of key moving averages. Until then trading will be minimal. One area that is very strong is oil--I may take a position in UWT, ERX or an oil stock today.Current position BRZU is gapping below stop level. I will use gap down strategy at the open.Focus List: FAS, UWT, TQQQ, SOXL, NFLX GOOGL, AMZN, FB, NVDA, BIDU, MNST, TWTR, RACE, SNAP, ODLF, SAIA, FSLR, BABA, WYNNCurrent Positions: Still holding BRZU.
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)
