My Swing Trading Approach

The bulls were unable to hold any of the early morning profits yesterday, which ultimately was nothing more than a sell-fest immediately following the market open. The potential for a bounce here in the market here looms very large, and likely to see it this week at some point. Morale among the bulls are at its lowest, which is usually when the best bounces happen. 

Tuesday’s Swing-Trade Ideas:

Take a look at three trading ideas to prep you for the next trading session.

Get all of my trades that I make real-time by jumping in the Swing-Trading Splash Zone and start making some profits for yourself! 

Long Square (SQ)

sq swing trading

 

 

 

 

 

 

 

 

 

Long Booz Allen Hamilton (BAH)

bah swing trading

RELATED: My Patterns to Profits Training Course

Long Angie’s List (ANGI)

angi swing trading

Indicators

  • Volatility Index (VIX) – Despite a crazy trading session, VIX only closed 2.2% higher to 24.70. Some bullish divergence here, as the indicator is not acting wildly as you’d expect, but nonetheless, price pays, and price has yet to confirm on the indices. 
  • T2108 (% of stocks trading above their 40-day moving average): Another bullish divergence yesterday with T2108 actually finishing 22% higher – huge divergence – to bring the indicator back into double digits at 12%. 
  • Moving averages (SPX): Still cannot hold a break of the 5-day moving average whatsoever.  
  • RELATED: Patterns to Profits: Training Course

Sectors to Watch Today

Technology started the day in the lead, but quickly gave up all of its gains on the day to be the second worst performer, behind Energy. Fifth straight weakness for the sector. Industrials also feeling the weight of weakness in Boeing (BA). Financials show some relative strength yesterday, and may be attempting a bottom pattern here. 
patterns to profits email

My Market Sentiment

Yesterday saw a sell-off from highs to lows of 103 points on SPX. That is truly incredible, and led in large part by the market’s most dependable leaders of the past year – namely AMZN and BA. These two stocks, while weak again this morning, will have to kick it in high gear, in order to left the markets once again. 

S&P 500 Technical Analysis

swing trading strategy report 10 30 18

Current Stock Trading Portfolio Balance

  • 2 Long Positions.

Recent Stock Trades – See My Past Performance Here. 

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