My Swing Trading Strategy

The market provided very little incentive yesterday to add any new trades to the portfolio. I will consider adding another position to the portfolio if the market can hold up its pre-market strength. I also plan to increase my stops in the early going. 

Indicators

  • Volatility Index (VIX) – Rallied strong earlier on yesterday, but gave up 75% of its daily gains to close at 12.32 and sets up for another move below 12. 
  • T2108 (% of stocks trading above their 40-day moving average): A 3% decline yesterday, but the inverse head and shoulders pattern is still intact and poised for a break higher through 68%. 
  • Moving averages (SPX): Currently trading above all major moving averages.  
  • RELATED: Patterns to Profits: Training Course

Sectors to Watch Today

Staples, Utilities and Telecom were the three market leaders yesterday and a sign the market was wanting exposure in sectors that were less aggressive. Healthcare looks prime for a triple-top rollover. Technology still sits at its all-time highs, while Discretionary remains at its rally highs – both solid sectors. 
patterns to profits email

My Market Sentiment

It is a slow churn right now in the market, and the rallies happen overnight. So it is difficult to get much action during the hours the market is open. I expect the volume to drop off as the market wears on as well.

S&P 500 Technical Analysis

swing trading strategy 419

Current Stock Trading Portfolio Balance

  • 50% Long. 

Recent Stock Trades – See My Past Performance Here. 

You Might Like

  • Stock market santa rally

    Coal for the Stock Market’s Santa Rally

  • How to trade a stock split

    How To Trade a Stock Split | Podcast Episode #464

  • Stock market bounce.

    Time for a Stock Market Bounce?

Leave A Comment