The market is taking a bit of a hit today – nothing major or game changing though.
But it is enough to spark concerns considering the selling accelerated as a second major tech company (Apple being the first) decided to cut guidance. Nvidia (NVDA) has certainly put a damper on the market today, but as has been the case for the past month – a certain resiliency continues to emerge, kind of like what we saw back in September, right before everything hit the fan. We’d have sell-offs sure, but they couldn’t last the entire day. Now we are having the same thing emerge here in January.
In fact, so far this month, we’ve yet to see back-to-back losses in the market.
So below are my list of long swing-trading setups that I’ve put together for the week ahead of us. I’ll be adding and subtracting from it for sure, but this is where it stands right now.