SPY short entry at $195-196. Focus list stocks near entry: BIDU, AIRM, NFLX, FB, ZU, YELP, GOOGL, UA, ISRG, WUBA, ESNT. Entered NOV short today, still holding AAPL and TWTR.
Video Analysis (4 minutes):
The intra-day video hits many focus list stocks and SPY.
Key SPY Pivot Levels: 199 : recent old high, 195.43: 50 dma, 190 gap fill and support level
Under the Hood and Trading Game Plan:
SPY is moving close to short level. The moving average is at $195.43 and gap fill at $196, while stochastics are in overbought, but not extreme levels. I will try to enter short at as close to these levels as possible.
I will use SPXU to short.
A number of focus list stocks are near entry, but I will be very selective with the anticipated pullback of these overbought conditions.
I am still holding TWTR and AAPL. AAPL is moving steadily toward the target level.
Today I entered focus list short setup NOV short. You should have received an alert. Stop is between $83.75-84 and target is $76-78.
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, ZU, YELP, GOOGL, UA, ISRG, WUBA, ESNT. We have talked about entries for all of these.
Both new additions are regulars, GOOGL as a market leader and YELP, which was a short setup. Both stocks broke out over resistance levels that have changed the nature of the stocks. Both are entries on pullback. GOOGL on pullback to moving average, around $580-583. YELP $71.50-72.50.
While the short list is still viable, except YELP, my focus now is shorting SPY via SPXU.
These are stocks that I always watch, though they might not be in my tradeable watchlist, nor are they actually always leading the market.
GOOGL just broke out of of the upper channel of the trading range and is now a focus list long setup. Entry on slight pullback. FB moved up and is still long on weakness. NFLX is forming a high tight flag setup post breakout.
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.
New subscribers and trial members please leave me any feedback/comments in the comments, via email (firstname.lastname@example.org) or twitter (twitter.com/PaulJSingh).
9 thoughts on “Market Speculator Part-Time | Swing Trade Report”
Thanks Paul. Love when you warn us that a trade is speculative/anticipatory in the alerts. Helps me determine my own conviction.
Thanks for the feedback!
I agree thanks Paul. Quick question, where can I access the link to your watch list? I know you have responded to this question below; however, I could not find the post with your reply
Paul, is there anything that might make you bullish instead of bearish and/or wuold make you consider the trend flipped? i.e. if the market zooms past the 196 level?
Yes, price above $196 and strong volume.
Hi Paul, am learning a Bunch with you and it’s all good. Fyi, could you possibly throw in some more low priced stocks($2 to $10?)on a regular basis if that’s possible?
Randy, price of stock should not make a difference. A 10 percent move nets you the same profit whether its a $5 or $500 stock.
Perfect… short, sweet, and to the point. Love it.
Thanks Dave! I try to keep them short and to the point.