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4 Aug

Tuesday August 4, 2015

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Good morning.

Monday I moved $105,000 from my E*Trade account (2015 profits) to my account at Interactive Brokers so I can start tracking the passive swing / long term performance apart from the active day / swing trading performance. I’ll make all trades for the passive swing / long term performance service out of Interactive Brokers moving forward.

Markets weren’t desirable Monday so I locked up another win taking +$1,000 on HTZ, concerned if the markets fell again Tuesday the profit would be erased. Still like HTZ from $16 – $20 for a passive swing but my assessment of the market led me to believe I can buy it back lower soon.

Still working HOTR as a long term hold, with a goal of $3.20 – $3.60 and think it could come out of this base, breaking above $2.80 resistance, sometime in the near future. With HOTR being my only position right now, I am looking to buy another 1 – 2 trades

For a short term bounce I ERX is top of my list right now, I’ll probably jump into that today. There’s a lot of oil stocks ready to bounce but I’d rather not pick and choose, instead I’ll just go with ERX hopefully back to near $40 from here.

I also think HACK at $30, cyber security is simply a good place to be right now and I don’t see that changing.

Let’s start watching NBG too, shares are -15% this morning in the premarket and coming into oversold soon. A historical on the chart shows good bounces out of oversold. Greece isn’t leaving the Euro so after this correction, due to Greece’s market opening shakes out, shares are likely to head higher.

Your Swing Trader,

Jason Bond

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