My Swing Trading Approach

My first priority will be to manage my current positions. I may add an additional long position to the portfolio if the market cooperates, but likely, I will simply stay put. 

Indicators

VIX – Small move in VIX, as it remains at its psychological floor in the 9’s. Due for another pop, but that doesn’t necessarily mean a sell-off for stocks. 

T2108 (% of stocks trading below their 40-day moving average): A respectable 3.6% move to 63% yesterday. Needs to get back above 70% though. 

Moving averages (SPX): Testing the 5-day moving average and holding so far. Needs to bounce today, though. 

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Industries to Watch Today

Another big move in energy, and continues to be the hottest sectors of late. Basic Materials also remains very bullish. Tech still coiling. Cyclical and Industrials still sporting solid bullish trend lines. 
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My Market Sentiment

Expect low volume and small price moves from the indices today, as it is the last day of trading before Christmas. Traditionally a very bullish day.  

S&P 500 Technical Analysis

swing trading strategy report 105

Current Stock Trading Portfolio Balance

  • 6 long positions

Recent Stock Trade Notables:

  • Square (SQ): Long at $41.28, sold at 42.29 for a 2.2% profit.
  • Twitter (TWTR): Long at 20.34, sold at 22.06 for an 8.5% profit.
  • Micron (MU): Long at 45.61, sold at 47.91 for a 5.1% profit. 
  • TNA: Long at $61.00, sold at $64.08 for a 5.1% profit.
  • Micron (MU) Long at $43.20, sold at $44.78 for a 3.7% profit. 
  • Alibaba (BABA): Long at $186.42, sold at 179.29 for a 3.8% loss. 
  • Paypal (PYPL): Long at $74.18, sold at $73.29 for a 1.2% loss.
  • Square (SQ): Long at $36.00, sold at $37.35 for a 3.8% profit. 
  • Adobe (ADBE) : Long at $175.20, sold at $179.62 for a 2.5% profit. 
  • Alibaba (BABA): Long at $187.00, sold at 181.77 for a 2.8% loss. 
  • Paypal (PYPL): Long at $71.94, sold at $72.98 for a 1.5% profit. 
  • Lam Research (LRCX): Long at 210.41, sold at $205.20 for a 2.4% loss. 
  • Baidu (BIDU): Long at $242.80; sold at 248.29 for a 1% profit.
  • Nvida (NVDA): Long at $195.17, sold at $204.88 for a 5% profit.
  • Humana (HUM): Long at $248.73, sold at $261.20 for a 5% profit.
  • Square (SQ): Long at $32.92, sold at $34.36 for a 4.4% profit. 
  • Nvida (NVDA): Long at $198.17, sold at $194.06 for a 2% loss. 
  • Lennar Homes (LEN): Long at $56.63, sold at $58.10 for a 2.6% profit. 
  • Lam Research (LRCX): Long at $185.23, sold at $192.24 for a 3.8% profit.
  • Starbucks (SBUX): Long at $55.59, sold at $54.94 for a 1.1% loss. 
  • Illinois Tool Works (ITW): Long at $148.63, sold at $151.23 for a 1.8% profit.
  • Nvdia (NVDA): Long at $180.18, sold at $187.38 for a 4% profit. 
  • Olin Corp (OLN): Long at $34.37, sold at $36.14 for a 5.2% profit.
  • Lowe’s (LOW): Long at $77.97, sold at $81.52 for a 4.6% profit
  • IBB: Long at $330.91, sold at $338.25 for a 2.2% profit. 
  • Seagate Technologies (STX): Long at $34.35, sold at $33.89 for a 1.3% loss. 
  • Wynn Resorts (WYNN): Long at $149.65, sold at $147.14 for a 1.7% loss. 
  • Imax Corp (IMAX): Long at $23.03, sold at 22.26 for a 3.3% loss. 
  • Marriott International (MAR): Long at $106.26, sold at $108.26 for a 1.9% profit. 
  • Alibaba Group (BABA): Long at $170.63, sold at $170.29 for a 5.0% profit. 
  • Workday (WDAY): Long at $106.91, sold at $104.90 for a 1.8% loss. 
  • Nvdia (NVDA): Long at $170.45, sold at $187.94 for a 10.3% profit. 

See my entire swing-trading past performance here. 

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