Ray's Swing Trading Journal

[Ray's Swing Trading Journal]

Opulent Trading Co, 

Thank you for reaching out. 

Regarding $BA: 

03/31 -- 06/02 --> Consolidation range $120(+/-) - $160(+/-)

06/03 --> Broke out on above avg volume and traded +$200 in the next few days

06/17 -- current --> Consolidation range $167(+/-) -- $190's - volume has steadily declined 

A retest of the lower $160's it broke out from would reignite interest and bring buyers (big money) back into the stock. I want to commit $ during the break out phase (either up or down) and not during consolidation. Many other names for consolidation i.e., chop, yoyo, up/down. 

Still learning from the lessons market is teaching me every day / week!

 

[Ray's Swing Trading Journal]

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.