Video: https://youtu.be/_lBDf13vJFUNote: I will be out in the morning so have stops in place on NFLX (275). The market levels held after yesterday's bounce, leading to a decent continuation move. Transports, oil, commodities like steel and copper, and real estate lead the market, along with select tech stocks. While this bounce is nice, the key is if SPY can remount the declining 50 day moving average next week. That's when we get aggressive, rather than taking feeler positions like today's NFLX addition.Premarket SPY and the rest of the indexes are down .5-1% on more China tariff news. We will watch to see how the market reacts intraday. I will not likely add positions headed into the weekend.We added NFLX as it bounced to the 9ema today off a "trend-continuation" setup. The target is the recent high.Today's new focus list adds: X, FCX, LMT, DO, MRO, CVXFocus List: TQQQ, SQQQ, SPXL, SPXU, FAS, SOXL, SOXS, LABU, NFLX, BRZU, KSS, M, LULU, FSLR, WYNN, Z, BBD, ITUB, DBX, SPOT, SFLY, SNAP, FB, NFLX, AMZN, BURL, UGLDCurrent Positions: None.
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)
