My Swing trading has improved after reading Brain's book (several times) and learning from BBT community. Sharing my swing trades for feedback / ideas for next week:
Lesson from this week:
Too many ideas at play; focus only on a few ideas
Increase size for main ideas
Thematic Swing ideas for next week - 7/20
1. Space related industrial. All started weeks leading up to Space X launch.
2. Cannabis – Technically looks like these stocks are forming a rounded bottom
Swing trade ideas for next week - 7/20
1. CW: Curtiss – Wright (Aerospace / Defense) – Entry $92(below), Stop $88, Exit 1: $98, Exit 2: $100
2. MAXR (Aerospace / Defense) – Entry $16(below), Stop $14.5, Exit: $19+
3. H: Hyatt Hotels – Entry $50(below), Stop $45, Exit: $60+
4. BA – Boeing - Entry $160’s (looking to enter in the low $160’s)
5. MS – Morgan Stanley below $50
Swing trade in Green – Open trades (may trim next week):
Stocks:
1. KHC (target $40+) – Kraft Heniz – best swing trade for this week
2. SPCE (target $30+)
3. MAR (target $100)
4. PEP – Pepsi
5. CRON – Cronos (Cannabis play)
6. CGC – Canopy Growth Corp
7. FCX – Freeport – Mcmoran
8. WORK – Slack Technologies
9. NDAQ – Nasdaq – with record number of trading; it should help the bottom line for exchanges.
Index:
1. IBB – Nasdaq Biotech index; probability of trend to continue higher – 2 main reasons:
a. Covid 19 Vaccine news
b. Breakout above $125 (+/-). 10-year chart – consolidated from 2015 through 2020.
2. IWM – (target $150+)
3. XLB – materials index
4. GLD – Gold index
5. GDX – Gold miners index
6. SLV (target $20+)
7. XHB – Home builders index
Swing trade in Green - closed positions (booked profit):
Stocks:
1. ALK – Alaska Air
2. H – Hyatt
3. HLT – Hilton Hotels
Index: SPXL
Swing trade – closed positions at breakeven:
1. DIS - Disney
2. SRNE – Sorrento Therapeutics
3. SBUX – Starbucks
4. INTC – Intel (closed position before earnings - booked little profit)
Swing trade – closed positions at a loss:
BAC
Swing trade – in red (holding for now):
FOUR – recent IPO; digital payments play. Took some of my profits from SQ (Square) and started a small position.