My Swing Trading Approach

I will look to add more long exposure to the portfolio as long as the rising trend-line remains in place on SPX. Very little reason to get short while this trend-line remains in place.  

Indicators

  • VIX – The downtrend off of the February highs remains nearly perfectly intact as it dropped 4.2% to 12.79.
  • T2108 (% of stocks trading below their 40-day moving average): Trying to climb its way back to the 70% mark. But the current range bound nature of this indicator, shows how much stocks are really struggling as a whole to make any significant move higher or lower.  
  • Moving averages (SPX): Tested the 5-day MA but could not break through. Stuck between the aforementioned and the 20-day MA. 
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Sectors to Watch Today

Yesterday’s sector leaders were not of the typical kind, with Real Estate and Energy leading the way. Healthcare remains strong as ever. Energy’s rally yesterday, came at a critical juncture. I still view the sector in a negative light, and will steer away from it for the time being. 

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My Market Sentiment

The bulls put together a minor bounce yesterday, though the afternoon saw a majority of the gains slip away. Now price sits on the rising trend-line and will need to bounce higher today in order to keep the trend-line off of the May lows intact. 

S&P 500 Technical Analysis

swing trading strategy report 227

Current Stock Trading Portfolio Balance

  • 5 Long Positions

Recent Stock Trades – See My Past Performance Here. 

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