Stock market is searching every crevice for more buyers.
The bulls started the week off on a strong note, but once the market settled in, you started to see some profit-taking and since then, the bulls have squandered 13 points off the highs of the day. I booked profits in Advanced Micro Devices (AMD) for a nice +3.7% profit in the Swing-Trading Splash Zone. Of course I would have liked to have had more, but not at the risk of giving up the solid profits from the morning gap up.
I’ve also tightened my stops on a number of other trades as well, while adding an additional position to the portfolio.
Keep the stops tight in this market, you don’t want to let the profits of the last two months quickly evaporate if a market correction does come about.
Below you have this week’s bullish watch-list to swing-trade from. I don’t plan to add anything else from it today, but it is worth noting that you have significant bounces in Facebook (FB) and Apple (AAPL) trying to make moves of their own – and both have some alluring charts of their own.
Here’s the bullish swing-trading watch-list:
Welcome to Swing Trading the Stock Market Podcast!
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How to trade a stock split: in this podcast episode Ryan talks about the impact of what an announced forward stock split means for a stock that you are considering swing trading, or may already be trading. Also covered are the risks, and the strategy behind stock splits for investors and traders alike.
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