My Swing Trading Approach

I have one long position coming into today. I covered my short position yesterday on SPY for a 3.1% profit. Looking to add additional long positions, as the market allows for, today. 

Indicators

  • VIX – Just a -1% move yesterday.  A lot of chop in this indicator. At this point, no clear direction. 
  • T2108 (% of stocks trading below their 40-day moving average): Potential here to see a new higher-low established and push back over the 55% mark. 
  • Moving averages (SPX): Held the 200-day moving average but nothing else. Look for a test of the 20-day today, and 5-day moving average as well. 
  • RELATED: Patterns to Profits: An Intro Trading Course

Industries to Watch Today

Energy led the way today, but they have a lot of earnings coming out, which could shake up the industry. Technology poised for a big bounce following Facebook (FB) earnings. 
patterns to profits email

My Market Sentiment

The 200-day moving average held, which was a big deal for the market yesterday. Now, the issue becomes, can it follow through today, and early indications suggest it wants to. 

S&P 500 Technical Analysis

swing trading strategy report 188

Current Stock Trading Portfolio Balance

  • 1 Long Position

Recent Stock Trades – See My Past Performance Here. 

You Might Like

  • The rise of the retail trader in the stock market.

    The Retail Trading Revolution: How Small Investors Are Reshaping the Stock Market

  • fading the gap

    Fading the Gap: How Large Overnight Moves in SPY and QQQ Play Out During the Trading Day

  • how to trade a bear flag

    How to Trade a Bear Flag