Market Speculator Part-Time | Swing Trade Report

Quick Summary:

SPY nearing all time highs at $199.  Stopped out of SPY and NOV shorts.  Focus list remains the same.  GMCR could be ready to remount moving averages.  Retail apparel sector picking up.

Video Analysis (7 minutes):

Today’s intra-day analysis of SPY and the focus list.  Little has changed since posting the video.

Key SPY Pivot Levels: Old high 190,  50 dma 195.60, 190 gap fill and support level

SPY 8-18-14

Under the Hood and Trading Game Plan:

SPY bounced again on weak volume, with a negative RSI divergence and very few breakouts in the market.  Again, the internals are not their to sustain a big move past the $199 resistance level.  However, that does not mean SPY can’t go up.  As I did with my initial SPY short, we combat this by taking “small stabs” until the trade works in our favor.  I am only taking half positions with these trades and don’t care if I have a few small losses.  These are feeler positions.  When the time is ripe, we’ll add to them.

Trading is more than stock picking and being right.  A good trader must be strategic with her game plan and think of the moves that our coming next.  You can think of these feelers or stabs as pawns in chess.  You use them to glean information and allow yourself to lose a few.

My current game plan is to look to short around SPY $199 via SPXU, and continue to look for attractive long setups within the focus list.

Current Trades

I exited SPXU and NOV (short) for small losses.  I am still holding TWTR.

The Trade Journal 

The Focus List

The focus list remains the same.  To see the setups, see yesterday’s report.

Focus List 8-19-14

New Additions:

A number of the few breakouts that did occur today were from the retail-apparel sector.  This is not the sector I look for strong momentum plays, but I will keep note of a few of them in the next few days.  (URBN, ARO, ROST).  Here is the sector chart.

Apparel 8-18-14

Short Setups:

My focus now is shorting SPY via SPXU.

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.

I have been close to removing GMCR from the market leaders list, but today’s move keeps it in.  It is right at the 200 dma at $117 and the 50 dma looms at $120.  If it clearness these, it will be back to the momo stock we know and love.  Focus list leaders FB, NFLX are at the top of their ranges and Z is still near entry, but not quite there.

Market Leaders 8-19-14

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.

New subscribers and trial members please leave me any feedback/comments in the comments, via email ( or twitter ( dddd

Paul Singh Administrator

4 thoughts on “Market Speculator Part-Time | Swing Trade Report”

  1. Hi Paul! Can you write an education section on how to find the long set ups through finviz similar to the short set up one you did the other week? Thank you!

  2. I am not sure what you mean by “negative RSI divergence” in SPY, and what that would indicate. It is my understanding that a trend reversal would be signaled by price making higher highs and RSI making lower lows, but I see both RSI and price for SPY making higher highs. Am I drawing my line in the wrong area? I see divergence from June-August but not in the last month. Thanks!


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