SPY consolidated for a third straight day under all time highs, while IWM continues to lead short term. The broad based strength we have been looking for continues to emerge as SPY nears a major breakout level.
I will look to get more aggressive this week. Interesting sectors include energy, banks, biotech, IWM, SPY and BRICS. A number of stocks are also setting up as the market consolidates.
I am still holding BRZU as Brazil put in a nice hammer candle on Friday.
Focus List: SLCA, FB, HAS, FIT, CSTE, CSTM, GS, BBD
Earnings Breakouts Near Entry: LNKD, TREE, NFLX, TSLA
Of Interest: UA, BWLD, CMG, AMBA, AAPL, PYPL
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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