My Swing Trading Approach
Right now, the risk-reward on trade setups are unfavorable when taking in the overall state of the market. At this point, I am looking to ride my current positions higher, while raising the stops.
Indicators
VIX – Extremely low at 9.22, and likely to see a bounce at some point this week.
T2108 (% of stocks trading below their 40-day moving average): Still under-performing, but a decent rally on Friday of 2.7% to 67.5%
Moving averages (SPX): Currently trading above all the major moving averages.
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Industries to Watch Today
Technology still leading the way. With the exception of Real Estate and Utilities, all the sectors are off to a great start to the new year, but they are also very, very overextended. 
My Market Sentiment
Well overextended market at this point, and likely to see a pullback in the near future.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 7 long positions
Recent Stock Trade Notables:
- US Steel (X): Long at 35.38, sold at 36.90 for a 4.3% profit.
