At this point, what good is a list of short setups.
I keep them of course, and will post them tomorrow, but overall, they have been good for nothing really. The market continues to ramp higher, unabated.
And if there is some selling, it is minimal, so that any quality sell-off never has any quality momentum backing it.
So for now, the bullish setups, your long watch lists – they are all that matters.
I would just be impressed to see the bulls lose the 5-day moving average, at this point. Even though the rally doesn’t seem logical and is well overdone, trying to short it is not a wise move. You are much better off waiting for the market to show you it is willing to sell off because right now it absolutely is not willing to do so.
So stay long, and keep the watch list below handy for adding any new positions.
Welcome to Swing Trading the Stock Market Podcast!
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Commit these three rules to memory and to your trading:
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In this podcast episode, Ryan turns his attention to surviving a stock market crash as well as the actions that he has taken to be profitable during the down turn with his trading, and doing so without a heavy emphasis on shorting stocks.
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