The market found another dip that it could not resist buying today, AND Buy It DID!
SPX is still dealing with negative breadth in the overall market, but it is improving, and the TICK readings are improving and the VIX continues to crawl into its hole, yet again.
The Nasdaq did pullback a whopping 0.04% on Friday, so the 10-day rallyis over, and that, based on precedent, is enough of a pullback, I guess, to bring the dip buyers back in and take advantage of this ‘generational buying opportunity’.
To take advantage of that opportunity, I’ve put together my bullish list of trade setups to follow this week.
And yes, I do hope you see my implied sarcasm at the generational buying opportunity comment, as this market is so ridiculously overbought, it really needs a 10% pullback just to bring prices back down to more reasonable levels for traders.
Nonetheless, enjoy the watch-list and find the ones that serve your trading purposes best.
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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