FREE SWING REPORT: FRIDAY'S REVERSAL CHANGES THE GAMEPLAN | Bulls on Wall Street

FREE SWING REPORT: FRIDAY'S REVERSAL CHANGES THE GAMEPLAN

In today’s free Part-Time Swing Trade Video, we analyze the market, game plan for the upcoming week, review current positions and plan entries from the focus list.

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Trade Report Video: https://youtu.be/TK2nm8pWoQM

After a bearish open that put the August 24 low in play, SPY reversed intraday, filled the previous days gap, and ran strong into the close. This is a positive for the market, and we will watch this week for follow through.

Friday’s action moves me from slightly bearish to neutral in terms of my bias heading into the new week. The open gap around $204 is in play for SPY as long as Friday’s move holds.

Again biotech is a key sector. We will watch for more bounce potential. I am taking biotech stocks off the focus list and will focus on triple leveraged ETF LABU, which was up 15 percent on Friday. Very few stocks will beat the ETF.

Premarket market SPY up .7%. Oil is up 1.1%.

Keep an eye on Brazil and China. (BRZU and YINN)

Still holding GOOGL, AMZN, INDL, UWTI, SPXU (SPY short) and CYBR (short).

Stocks to key on today as they are setting up: WYNN, SHOP, FCX, UA, BWLD, NFLX, BRZU, FIT, SINA, CHINA, JBLU, 

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.

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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Paul Singh Administrator

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