The market acted like it might trade lower, but in the end, it went perpetually higher. 

This is important because throughout last week, we saw afternoon fades, that started right after lunch time and last until the closing bell. This made it very difficult to put a lot of trust in the market and where it ultimately wanted to go. I’ve booked profits today in Roku (ROKU) – one of my swing-trades that I held onto from last week for a nice +13.1% profit. A very solid trade that I was very happy about in the Swing-Trading Splash Zone. 

I still have two positions in the portfolio, and have been largely hesitant to add anything new today, because of those afternoon fades that I just talked about.

The market is insanely overbought right now, and volatility is the lowest that it has been seen at in months, and numerous other indicators out there suggests that a real struggle could be had here at the 200-day moving average on SPX. 

Here’s my bullish swing-trading watch-list: