Market Speculator Part-Time | Swing Trade Report

Trade Report Video: https://youtu.be/mdge7k-Hrrk

SPY stalled yesterday at the gap fill/50 day ma resistance levels. A pullback is expected here, however if price clears this level we become more bullish.

If we do pullback the open gap at SPY 195 is in play. That is why I added two short positions yesterday. EWZ stalled at its 50 dma. While I am still bullish EWZ I shorted on expectation of a pullback.

Pre-market SPY is down slightly while oil is up .9%.

Added AMBA (short) and EWZ (short). Still holding GOOGL, AMZN, UWTI, SPXU (SPY short) and CYBR (short). I will exit SPXU if SPY clears the 50 dma. I no longer need it to balance the swing portfolio now that I have 3 other shorts.

Focus List: TWTR, MBLY, WBAI, TANH, FCX, WYNN, BITA, SINA, GPRO (see video for setups to new additions)

Best longs come from BRIC ETFs and Energy (though they are extened): BRZU, RSX, YINN, INDL, XLE, DIG, ERX

Shorts List: CMG, FIT, SKX, AMBA, BWLD, HRTX, NBIX, RARE, BMRN (see video for discussion of these new short additions)

Biotechs: BLUE, KITE, INSY, JUNO, SGEN, SCMP, VTAE, CLVS, PBYI, NBIX, PRTA, ALSK

Indexes/Sectors: SPY, SPXL, SPXU, IBB, GLD, USO, XLE, XIV, VXX, BRZU, YINN

Remember to stay patient and that CASH is a position.