My Swing Trading Strategy

I added a new trade to the portfolio yesterday, but with low volume yesterday and a market that seemed non-committed, I’ll be very patient before adding a new position today. 

Indicators

  • Volatility Index (VIX) – A third day of declines sends the VIX 3.9% lower down to 13.77. Back near the March and February lows here. 
  • T2108 (% of stocks trading above their 40-day moving average): Breadth flat, and T2108 no different. Still at 63%. 
  • Moving averages (SPX): Currently trading above all major moving averages. 
  • RELATED: Patterns to Profits: Training Course

Sectors to Watch Today

Healthcare  led the way higher with Energy, hand in hand. Still not a fan of the latter, as it has in the past, failed to breakout of its boring two month sideways trading pattern. Utilities though, continue to march higher, and still making new all-time highs. Technology still a must own sector as it continues to impress. Discretionary is another must own sector of the market. 
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My Market Sentiment

The market has two different options here – form a lower low, and decisively turn this market bearish, or break through resistance overhead, and turn the market decisively bullish. 

S&P 500 Technical Analysis

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Current Stock Trading Portfolio Balance

  • 30% Long.

Recent Stock Trades – See My Past Performance Here. 

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