Trade Report Video: https://youtu.be/qVxpr_Oc4MQ
SPY gives us another test of the bottom of the $208-214 range. The list of strong stocks narrows even further as MBLY gaps down and commodities get hit hard. Yesterday we saw a flight to safety as gold and silver show strength. We will keep an eye out for gold entry.
The market is still very narrow when it comes to strong momentum stocks and is limited to fad stocks and strong earnings breakouts stocks, along with commodities. That is what we continue to focus on.
Remember a big part of swing trading is knowing when to trade. If the market is not conducive to swings and there are not many good setups, do not push trades just for the sake of dong something. When it’s time to get aggressive, we will. Until then, it pays to be patient. Money saved is money gained.
Current Positions: GOOGL, AMZN, TNA, ERX
Today’s Focus List: PNRA, WLB, RARE, CYBR, GUID (short), KITE (short), HRTX, CEMP
Weekly Focus List: FIT, PYPL, AAPL, UGLD, NFLX, GPRO, FB, TANH, WBAI, TWTR, MBLY, HRTX, RARE
EB setting up: PLOW, VA, UA, X, EXPE, BWLD, SLCA, FSLR, WWE, CMG
The biotech list (long and short): SAGE,EPZM,PRTA,SCMP,INSY,BLUE,POZN,RARE,KITE,RGEN,SGEN,FOLD,ALKS,FOLD,REGN
Commodity List: USLV,TANH,SEDG,WLB,JKS,FSLR,CSIQ,FCX,WOR,X,OA,ERX