Swing Trading and Day Trading Setups

Here’s a list of some of my favorite swing trading and day trading setups for the week ahead.

You still have the market doldrums carrying over from last week into the James Comey hearing before the House Committee today. No major market shockers coming out of it, but the market is trading, at the time of this post at the lows of the day. I added one long position in the semiconductor industry and it has been running hot all day long, but trying to get long here and at this point of the day with something, I may steer clear of, and even trim the portfolio some before the end of the day. 

 

There’s no point, right now, on the trading day to force another swing or day trading setup that you like while the market is giving little momentum for stocks to feast on. I’ll be watching the final hour of the trading session to see if the bulls perk up, finally, and push this market higher. 

For now, review the long setups in the list below. There are some great setups, but you’ll want to wait for the right conditions to materialize on the intraday charts in order to establish a position in them.