Trade Report Video: https://youtu.be/qSfO1t6NZcU
The market stalled yesterday as it nears all-time highs and deals with overhead supply. Again, IWM lead, breaking even while SPY was down .3%. We are monitoring this positive relationship closely as the market looks to breakout to new highs.
Our strategy continues to be to focus on earnings breakouts, energy and BRICs for entry. A pullback would help in setting up good entry.
I entered Brazil ETF BRZU yesterday, taking a half position on weakness. The stop is below the Tuesday breakout bar. Our other position, UWTI, pulled back after the Wednesday oil inventories report.
Updated Spreadsheet: 2015 Results
New Earnings Breakouts: TSLA
Earnings breakouts: LNKD, CRAY, EXPE, FLSR, LOCK, BIDU, GOOGL, AMZN, GIMO, PACB, ERII, YHOO, NTGR, ATHR, ALGN, TREE, CYOU, BABA, BDC, ROCK, IRDM
Focus list additions: HABT, SHAK
Focus List: AAPL, FB, KITE, LVS, PTR, WING, X, BIDU, CTRP, QUNR, SINA, RVNC, VDSI, BABA
Shorts List: BWLD, CMG, SKX, AMBA, P, FEYE
Indexes/Sectors: SPY, SPXL, SPXU, URE, IBB, GLD, USO, XLE, XIV, VXX, BRZU, YINN
Please read the Education Archive and posts 23 Laws of the Part Time Swing Trading the Market Speculator Way and How to Analyze Your Swing Trade Results It is important to know these setups and rules if you trade off the Report.
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(twitter.com/PaulJSingh)
