Market Speculator Part-Time | Swing Trade Report

Quick Summary:

SPY short entry at $195, long at $189-190.  BIDU, AIRM, FB and NFLX at or near entry.  New short setups.  Video goes into them plus new breakout setup ICPT.

Video Analysis  (6 minutes):

Today’s video goes over new short setups and one new breakout setup.  As usual, short and to the point.


If you have not already, watch today’s intra-day report for quick hits on almost all the focus list stocks (3 minutes):

Key SPY Pivot Levels: 199 : recent old high, 195.37: 50 dma, 190 gap fill and support level

SPY 8-12-14

Under the Hood and Trading Game Plan:

Nothing has changed in our SPY analysis.  Still looking to short around $195 and get long in the $189-190 range.

I will use UPRO to go long SPY.  It is a 3x leveraged ETF that tracks SPY.  While SPY was down .54% today, UPRO was down 1.64%.

Current Trades

I am still holding TWTR and AAPL.

The Trade Journal results

The Focus List

For annotated charts with entries, see the report for Monday.

Focus list stocks near entry levels: BIDU, AIRM, NFLX, FB.

Focus list 8-12-14


ICPT broke out on strong volume over a major trading range.  This is the type of breakout that can lead to a sustained up move.  I will watch for a pullback to $300.  This stock could reach old highs around $475.

ICPT 8-12-14

Short Setups:

With the markets showing signs of a possible retest of the 200 dma, I am going to start paying more attention to short setups.  This does not mean I will take more shorts, but if the time is right I will be ready.  I am considering entering NOV or YELP.  Both are at entry levels.

YELP: Stop 71-72.  Target $65.

NOV: $82-82.50 Stop $83.50-84 Target $74-75

Shorts 8-12-14

Market Leaders

These are stocks that I always watch, though they might not be in my tradeable watchlist, nor are they actually always leading the market.

Not much going on here today.  Z broke below another moving average, but still above the old trading range.

Market Leaders 8-12-14

Please read the post 23 Laws of the Part Time Swing Trading the Market Speculator Way and How to Anayze Your Swing Trade Results  It is important to know these rules if you trade off the Report.

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