Swing Trading Strategy: Choppiness and indecision Yesterday was riddled by reversals and choppiness, as it changed course multiple times throughout the day. While it feels good for the bulls to rally the market 56 points, the breadth is anything but there. For every 17 advancing stocks, there were 13 declining, and that was with a market
Swing Trading Strategy: Time to retest? You had a massive sell-off yesterday, where SPX dropped 4.4% and 114 points. Not the ideal look for a market that has now sold off two straight days and puts in jeopardy the rally off of last week’s lows. This is where traders have to decide for themselves whether
Swing Trading Strategy: Cracks emerging in the rally… SPX for a second straight day has been unable to break through the 20-day moving average and, yesterday afternoon started to show some nervous profit takers at the end of the day. Now we have another big sell-off on our hands with the stock market and the
Swing Trading Strategy: Three days of chop, make it four? It was a rally that probably had everyone surprised. I wasn’t expecting it that’s for sure, and it managed to close over 3.3% higher. However, nothing has really improved on the technical front and instead we are looking at another potential reversal today as the
Swing Trading Strategy: Another bear flag or building upon last week’s rally? Last week’s rally off of the Monday lows was incredible but Friday’s afternoon sell-off left plenty worried about the new week ahead. Surprisingly another big Sunday futures sell-off has resulted in a rally ever since with price now looking at a respectable gap
Swing Trading Strategy: Don’t get your hopes up on a bottom… While I want to think the worst is behind us, and I hope it is, I’m pretty sure that shutting down the world economy will create consequences that go far beyond the end result of what the Coronavirus brings our way. I’m not trying
Swing Trading Strategy: Finally a follow through (kind of)… All day long the market looked really solid following its early morning sell-off from the highs of the day. A very strong rebound though and you had what looked to be another triple digit gain for SPX, and then the politicians started talking and down the
Swing Trading Strategy: Can we make it two days in a row… Futs are down about a half percent, but in terms of the kind of shock and awe that has been seen of late, it really doesn’t seem all that bad – almost like a flat opening when you are used to the 5-7%
Swing Trading Strategy: The Fed just can’t seem to help matters… Yesterday’s Swing-Trading Outlook, I mentioned about the Fed’s actions that “It may help the stock market today, but my biggest concern is how we’ve seen some pretty bold moves made by the Fed of late, and the price bump ultimately all fall apart before
Swing Trading Strategy: Enter the Fed (again)… You’re seeing a massive swing in the stock market today, after seeing futs limit down, and SPX looking at an 80 point gap lower, the Federal Reserve announced a slew of programs aimed to help stabilize the financial system. It may help the stock market today, but my