Video: https://youtu.be/FwB1GGmsBc4
SPY was flat as QQQ closed below the old high triggering the “failed breakout” setup (see video). I used the trigger to enter long inverse ETF SQQQ, which shorts the Qs when you go long. Biotech also showed some weakness while commodities and financials were strong.
Gap up list: NFLX, NKE, AMTD, DWCH, SRPT, ATHN, PETS, SGMS, AKS, FCX, X, CA, ATI, IRBT, X, AMD, BA, ADP, TREE, BCOR, AXTI, AAN, BIDU, FSLR, ACHC, SOHU
Gap down list: HOG, GS, LOW, HD, AXP, GOOGL, AMZN, TWTR, BWLD, MAT, AKS, MD, OZRK
ETF Focus List: SPXL, FAS, SOXL, CURE, BRZU, YINN, EDC, UWT
Current Positions: Entered SQQQ. Still holding FSLR and NFLX.
ETF List (for post fed longs and shorts analysis): SPY, IWM, QQQ, SMH, IBB, XHB, XLF, USO, XLE, EWZ, RSX, GLD, HACK
Please read the Education Archive and posts 23 Laws of the Part Time Swing Trading the Market Speculator Way
How To Use Swing Dashboard: https://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 For 2016: https://bullsonwallstreet.com/29-essential-swing-trading-posts-2016/
Webinars:
January: https://vimeo.com/152938272
February Q&A: https://bullsonwallstreet.com/swingtradingwebinarqa/
February: https://bullsonwallstreet.com/pages/swing-trading-webinar-feb2016.html
March: https://bullsonwallstreet.com/webinar/paul-singhs-top-five-stock-picks/
May: https://bullsonwallstreet.com/webinar/day-swing-trading-energy-sector/
June: https://bullsonwallstreet.com/webinar/state-swing-trading-2016/#replay
New subscribers and trial members please leave me any feedback/comments in the comments, via email (singhjd1@aol.com) or twitter