Trade Report Video: https://youtu.be/-Lno3M_zdEc
Great day for the market as the open gap at $204 was filled and price held that level. Now we have the moving average just above us. On top of that great earnings from GOOGL and AMZN. I will look to add a position or 2 today if price action remains strong.
SPY up .78% premarket and QQQ up 1.4%. Oil is flat.
Recently exited AMZN, GOOGL and CYBR (short) before earnings for big gains and was stopped out of HZNP for a small loss.
Current Postions: TWTR, BIDU, UWTI
New focus list additions: XIV, KITE, AAPL, LNKD, KERX, LNDK, MSNT, UTX, GWR
Earnings breakouts: GOOGL, AMZN
Possible parabolic short setups: PACB (short in aggressive account), LL, WTW
Focus List: WING, KITE, XIV, UA, BIDU, FIT, WYNN, HABT, ASPS, BITA, ANFI, AMZN, GOOGL, TWTR
Best longs come from BRIC ETFs and Energy (though they are extened): BRZU, RSX, YINN, INDL, XLE, DIG, ERX
Shorts List: BWLD ,HRTX, CMG, SKX, RARE, BMRN, BLUE, AMBA, PTRA (see video for discussion of these new short additions)
Of Interest: TSLA, FIT, TWTR, SEDG, BWLD (not sure of direction yet but interested)
Recent IPO: NUVC, ZFGN, PSTG
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
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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