Video: https://youtu.be/4rGzJCotkxsMentorship Recordings : https://blog.bullsonwallstreet.com/swingmentorship/The market is gapping down this morning under support levels. The key to start the week is to watch for continuation or reversal. If the market continues down at these extended levels, we may consider adding shorts as support levels break. Other than that for now I remain patient unless we get a reversal. Short plays include Nasdaq ETFs TQQQ/SQQQ (short TQQQ or long SQQQ), NFLX, AMZN, CYBR, ROKU. Oil is holding up well which is good considering I added UWT on Friday. I also shorted IQ which is already near initial target level. Stop is moved up to $39.40 entry level. BIDU is gapping down and likely a stop out.Steel was strong on Friday. I will watch this sector closely although not enter if the market shows weakness.Today's Focus: ERX, X, CLF, DO, RH, SPOT, TWTR, GWPHPotential Shorts: CYBR, NFLX, AMZN, ROKU, TQQQ (or long SQQQ)IPO LIST: ROKU, HUYA, SPOT, IQ, SHOP, DBX, APRN, BILI, NTNX, BRUB, AAXN, OKTA, SNAPCurrent Positions: Stopped out KSS. Added IQ short and long UWT. Still holding BIDU.
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)
