Video Report: https://youtu.be/ykZU7r9-Alk
Fantastic day for the market as SPY was up over 1.5% and remounted the moving average. Now the recent pivot and all time highs are back in play as the market gives us bullish signals going into year end mark ups (when funds position themselves to look good to their clients). We will continue to focus on stocks that have lead this year–namely FANG stocks–as funds employ this strategy.
I took profits in AMZN yesterday and am still holding GOOGL, SHAK, PYPL, BIB, AMBA (short), GS (short). All pattern still look good.
Focus List: AMZN, NFLX, FB LNKD, BIDU, KITE, DATA FEYE (short), UA (short), XLE, RETL.
Earnings breakouts: TSLA, LNKD, CRAY, EXPE, FLSR, LOCK, BIDU, GOOGL, AMZN, GIMO, PACB, ERII, YHOO, NTGR, ATHR, ALGN, TREE, CYOU, BABA, BDC, ROCK, IRDM, FB, HABT, RL
Indexes/Sectors: SPY, SPXL, SPXU, URE, IBB, GLD, USO, XLE, XIV, VXX, BRZU, YINN, XLF, FAS
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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