Video: https://youtu.be/PO8TGXk-iSQUgly market action as all 3 indexes broke key levels down over 2%. SPY broke down below the March post selloff "higher low" and is heading toward the 200 day moving average. A move below the 200 day could trigger and even bigger selloff. Both QQQ and IWM broke below their 50 day ma's. Watch for potential bounce if SPY tests the 200ma, which also corresponds to an old November high. Until we get a reversal signal for longs, or breakdown for shorts, best to remain patient and not trade.Oil and solars are showing relative strength.Focus List: FAS, UWT, TQQQ, SOXL, NFLX GOOGL, AMZN, FB, NVDA, BIDU, MNST, TWTR, RACE, SNAP, ODLF, SAIA, FSLR, BABA, WYNNCurrent Positions: Stopped out FCX. Still holding RACE and UWT.
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)
