Video: https://youtu.be/8pFD0JS85DwFinally, and surprisingly, SPY broke out over the declining 50ma. This gives us the signal to start taking long feelers as the market recovers off a "double bottom" trend continuation pattern. Due to ysterday's breakout I entered two positions: Nasdaq tripled leveraged ETF TQQQ and big tech earnings breakout play NFLX (see video for more on setups and strategy). Oil continues to show strength, as due many of our focus list stocks.Now we watch for trend continuation or breakout failure. If the market continues to improve I will look to add more positions. UWT, RACE, NVDA, AMZN and ROKU are at the top of the watchlist.New addition to focus list: FCX, RACE, AAOI, ROKU, GWPHToday's focus: DBX, RIG, ERX, UWT, NOV, HAL, CVX, DO, FB, MU, SQ, WYNN, WATT, ROKU, UA, LULU, URBNFocus List: UWT, 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, UGLD, X, FCX, LMT, DO, MRO, CVX, PANW, CYBRCurrent Positions: NFLX and TQQQ
Please read the Education Archive and posts 23 Laws of the Part Time Swing Trading the Market Speculator Wayhttps://blog.bullsonwallstreet.com/23-laws-part-time-swing-trading-market-speculator-way/How 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)
