Video: https://youtu.be/jgVFZypzt2oMentorship Recordings : https://blog.bullsonwallstreet.com/swingmentorship/Another negative day as the market pulls back hard on inflated volume, indicating more distribution or selling pressure. SPY is now 11 points off it's recent high and down .4% premarket. This is the spot where the market could very well bounce. Key word is *could*. I will watch for reversal signals today and if we get them, take a small speculative short at a bounce play. Remember, that does not mean the pullback is over, only that a reflex bounce is in play.I took profit in UWT yesterday and was stopped out of PBYI. Notice that the win was over 3X the size of the loss. It's this RR ratio that has kept us profitable during this hard pullback. IQ is gapping down. I will move my stop from breakeven to $32 which will lock in 7.4 points. I will take profits if it hits the $27-29 range.A number of stocks are testing key support levels: NFLX, FB, TSLA, NVDA, TQQQ, SOXL, BABA, BIDU, CYBR are all on watch.Focus List: UVXY, TQQQ, SQQQ, FB, AMZN, NFLX, TSLA, DBX, ROKU, TWTR, DPZ, ETSY, HABT, WTW, URBNIPO LIST: ROKU, HUYA, SPOT, IQ, SHOP, DBX, APRN, BILI, NTNX, BRUB, AAXN, OKTA, SNAPCurrent Positions: Took profits in UWT. Stopped out PBYI. Still holding IQ short.
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)
