Paul Singh Quick Summary SPY vs IWM. Small caps showing signs of improvement. Waiting for confirmation to short SPY again. Enter IWM long on pullback. A number of focus list stocks moved back to watchlist because no longer near entry levels. TSLA short setup. Focus list additions CAT (short), KORS (long), GOOGL (long). XHB (homebuilders) added to …
Quick Summary SPY is near resistance levels and could provide another short entry, though resistance is weaker now since it is the third hit. TSLA short setup. NFLX was pullback short setup today, and can enter tomorrow if candle holds. JAKK, UA, CODE still near entry levels. Waiting for pullback in CDNS, ACT, WIN, ALXN …
Quick Summary SPY bouncing near resistance. Provides another short entry but not as strong as our original entry since it is another test. Watching old high (190+) and 50 dma (186.74) for potential breakout or breakdown. CDNS (long) and TSLA (short) added to focus list. UA, CODE and JAKK still near entry levels, NFLX is …
Quick Summary SPY gave up yesterday’s gains and is basing above 50 dma. If the moving average breaks, we start scanning for shorts other than market indexes. Focus list longs are all near long entries. EMES and BEAV were removed from focus list and are back on watchlist. Entered CODE today. Watchlist stock URBN and …
Quick Summary SPY bounced off 50 dma. Look to exit bounce plays. Short entry possible on more bounce. Focus list long setups UA, NFLX, JAKK, CODE all at or nearing entry levels. Focus list short EMES may invalidate short setup. Watch next few days. Market leader GMCR still pulling back to gap fill area. Money …
Quick Summary SPY’s bearish evening doji star continues it’s textbook short setup. Also a trend within trend long bounce trade setup. Entered GDP and UA long today, along with short term SPY long bounce trade. Still holding half of SPY short. Many stocks pulling back close to entry points. Some leaders showing strong short term …