My Swing Trading Approach

Right now, I have a number of long setups in the portfolio, that I will look to manage the risk in, first and foremost. I’m not opposed to adding more positions to the portfolio, but for now, I am more interested in letting my current positions do their work. 

Indicators

  • Volatility Index (VIX) – Tested long-term support in the lower 12’s and holding so far. 
  • T2108 (% of stocks trading above their 40-day moving average): Going back to April, a very range-bound indicator. Currently sits at 58%.  
  • Moving averages (SPX): Continues to test and hold the 5-day moving average. 
  • RELATED: Patterns to Profits: Training Course

Sectors to Watch Today

Staples continues to climb higher, but remains well off its all-time highs. Industrials are showing life over the last two weeks, but remains range bound going back to February. Technology remains the hottest sector, while Telecom is creating a picturesque bull flag pattern. 

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My Market Sentiment

SPX continues to tease the bulls at resistance. Not a clean break, as price needs to close above the March highs of 2801.9 decisively. Until that happens, resistance is in full force. 

S&P 500 Technical Analysis

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Current Stock Trading Portfolio Balance

  • 5 Long Positions

Recent Stock Trades – See My Past Performance Here. 

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