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Today's stock picks

August has been a great month of trading so far. I'd encourage you to give it a try and make the rest of 2017 the best five months of your trading careers!

Long Netflix (NFLX)

stocks to watch nflx

Stocks Watch List

I want you to know that one of the best financial podcast series on swing trading is out there, and that you may have never listened to it, simply because you didn't know it was out there. 

Well now you do!

This 3 core beliefs that I hold dear and have developed over many years of trading in the financial markets. 

That is the key to success in trading the stock market as it pertains to technical analysis

So listen to my three part series on trading each of these, and I promise you'll be glad you did. 

You can list below, click on the links above or download the financial podocast on Apple iTunes.

 

My Swing Trading Approach

I'm playing both sides of the market right now, as it is becoming near impossible to put full faith in the case of the bulls or the bears. 

Indicators

Today's stock picks

August has been a great month of trading so far. I'd encourage you to give it a try and make the rest of 2017 the best five months of your trading careers!

Long Veeva Systems (VEEV)

stocks to watch veev

Stocks Watch List

My gosh, are the bears the biggest putzes in the known universe? For Pete's sake, its been 200 days since we've had a pullback of any kind! 

I'm fine trading long, I can make my money just as easily to the long side as I can to the long side, but there is a part of me that enjoys making money, while the rest of the market is losing it. That is where the best profit opportunities come from and we simply cannot get a sell-off that extends beyond one day without getting a monumental bounce of ridiculous proportions. 

I mean, C'MON MAN!  You think we are really going to get tax reform done? We couldn't get healthcare through a Congress both controlled by the GOP! 

I'm not going after the President here, far from it, I'm just looking at the reality of the matter as it applies to the stock market, and if you think that rumors from whatever sources making you believe that the president will get tax reform through, well....I have a bridge to nowhere I'd like to sell you

I want tax reform to be accomplished, it would help me, no doubt, but the reality of it is, if you can't get a bill through the Senate to repleal health care which they voted for countless times before, then it isn't likely you'll get tax reform either. 

Be mad at me all you want, but that is where I currently stand on the matter. So yes, I find today's rally preposterous to say the least. Nonetheless, it isn't about what I think but what the market wants to do, and right now it is giving the finger to the bear's attempt to really push this market lower and towards 2400. 

Despite all of this, I have still provided you with my weekly list of short setups.I could still be wrong, and tomorrow or later this week, the market sells off, and if so, wouldn't it be nice to have some plays to pounce on, if necessary?

Here's the bearish trade setups:

bearish watchlist

My Swing Trading Approach

The bulls are putting together, in the premarket at least, the makings of a bounce. If the early morning strength can hold, and improve matters technically, I'll be a buyer. 

Indicators

Today's stock picks

August has been a great month of trading so far. I'd encourage you to give it a try and make the rest of 2017 the best five months of your trading careers!

Long Synopsys (SNPS)

stocks to watch snps

Stocks Watch List

Bulls as they always do, have a chance to bounce this market today.

The attempt so far has simply kept the market form having a meltdown, but not necessarily erasing the losses from the past two weeks. 

My Swing Trading Approach

Still net short, but in there with some long exposure. I'll need to see a move from the market today, whether up or down, to convince me to add more trades to the portfolio. Sideways price action won't lure me into making another trade. 

Indicators

Today's stock picks

August has been a great month of trading so far. I'd encourage you to give it a try and make the rest of 2017 the best five months of your trading careers!

Long JB Hunt Transport Services (JBHT)

stocks to watch jbht

Stocks Watch List

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the part time swing trader by Ryan Mallory