Pullback

My Swing Trading Approach I was stopped out yesterday in Square (SQ) for a +6% profit, and Amazon (AMZN) for a very small profit. I picked up another long position late in the afternoon, looking to play a bounce in the market today. I’ll look to add another long position this morning if the market

This is a pretty heavy pullback that we are seeing so far this morning. I’m not overly thrilled that the bulls have given up all of its gains from Friday and now some from Thursday too. However, the 50-day moving average is holding (for now), and I’ve decided to take on a new position to

My Swing Trading Approach I have three positions currently in the portfolio. All profitable, but will need a pullback to justify adding a new position here. The market is certainly stretched and prime for some profit taking. Playing the dip is the best option here.  Indicators Volatility Index (VIX) - VIX has bounced the last two

My Swing Trading Approach I didn't add any new positions yesterday, and as long as the market is able to hold things together, despite pre-market weakness, I'll probably use today's weakness to add another long position.  Indicators Volatility Index (VIX) - Finally a bullish candle on the VIX yesterday, with a pop of 2.4%, despite the

My Swing Trading Approach I closed out my Short Inverse ETF in SPXU for a loss yesterday, but early on, added Amazon (AMZN) and Square (SQ) to the portfolio. Not sure if I'll be adding anything else today, the market will have to jump back into rally mode for me to do so.   Indicators Volatility

My Swing Trading Approach I added an inverse ETF on the S&P 500 yesterday (SPXU). Slightly underwater, but looking for this market to give back some of these steep gains from the past two weeks. I may add to my position by shorting additional ETFs should a market pullback take hold. Otherwise, I'll close out

My Swing Trading Approach I haven't added any new positions to the portfolio since Monday, mainly because it was obvious this market was due for a pullback and adding new positions here made zero sense. Use the pullback to find some good trade setups that will naturally bounce should the market eventually resume the trend

My Swing Trading Approach Pre-market futures are lower, volume has been weak of late. I should have enough positions to carry me over into the weekend. Though, I will be on the lookout for any opportunities that are too good to pass ups.    Indicators

My Swing Trading Approach I’m continuing with my cautious approach to the market right now. In the pre-market, the futures are slipping a little bit, so I’ll wait to see whether the market can bottom and rally higher. I don’t expect to add more than 1-2 new positions today, while maintaining profits in my current

My Swing Trading Approach Playing it cautious yesterday – added one additional play on the dip yesterday, but I am sitting on 80% cash, and if the market cannot rebound today, I will look to keep it that way today. Short plays at this juncture looks like a trap with the market’s low volume and