Focus on What’s Working #SassyMusings 6/3/14

• Had an awesome day today. As I mentioned last week and over the weekend and in several tweets, I was seeing tons of great long swing set-ups in healthcare and industrials. I positioned myself nicely to benefit from them, which I have been since last week.
• So far this could still play out, which is what I wrote this weekend:

I am more focused on individual stocks right now that I think have huge upside potential. If I was concentrating on a pull-back or remaining stubbornly bearish right now then not only would I be losing money staying short, but I would be missing out on the gains that so many stocks are offering. You know what will happen to those that are going to miss out on those gains? They will end up chasing, which will then further benefit those who were ahead of the curve also allowing them to exit at new highs.

• Now don’t get me wrong. I am no Guru or master or whatever other term used to describe someone that has a service. I have my fair share of bad days. You can ask my subscribers. This year has been especially challenging to navigate as I’m sure anyone reading this knows and I have taken my share of losses. However, recently I have done my best to stay on track with what the market is telling me now and not what tends to happen etc. That coupled with a market providing many opportunities recently has made for some good trades.
• I stopped out of the last half of my GOOGL trade (from yesterday) and wiped out my gains from that. Boo.
• One thing I do too often is overthink and I am doing my best to keep that at bay and hopefully by writing this now, it will help reaffirm that goal I have.
• Today was definitely confusing. We had an intra-day sell off and breadth was poor, but as I noted on Twitter, it was odd because healthcare and finacials were still holding up (I was holding C long for a day trade), which made it hard to get too bearish. Plus the majority of my weekend set-ups that I posted to subscribers were either going sideways or up.
• Regarding finacials, I mentioned yesterday that they looked interesting and that if the momentum carried though it was bullish for the markets. I also wrote this for my subscribers over the weekend as I comment on all the high beta momentum stocks before each week starts:

• Will all this continue. I wish I knew. It’s definitely hard to believe that we are holding up so well, but I’m not going to fight it because it’s not what I ‘think’ should happen. Right now many things are working so I’m sticking to that until they don’t.
• I would say that for now since fiancials are shaping up, they will be a good gauge to watch just as they used to be the first half of 2013.
• Also keep going with what is working. Energy, industrials, materials, healthcare. They are still doing great and although they aren’t as fun as NFLX or AAPL you can make some serious dough trading them.
• Of course there is that huge headwind this Thursday with the ECB meeting and the possibility of QE or negative holding returns. The thing is, we don’t even know how the market will react to whatever news we is given so for now I say BTD because it has been working pretty well in select sectors and stocks.
• Chart of the Day: BMRN – I not only got into this with my subscribers, but I tweeted this on May 27th for all of you peeps. 

• Tweet of the day: none. As I mentioned before this is a good thing. When I have too many funny comments it means everyone is long and making money and that is usually the sign to exit.
• Regret of the day: Not selling all of GOOGL calls yesterday.
• This is even a little better than yesterdays: 

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