I'm really liking these swing trade setups.
The problem is whether this market can bounce back and push higher, or whether we are in a longer-term distribution phase of this market that will ultimately send it lower.
I'm not a big fan of making a wild guess, so for now, I'll simply say that "I don't know where this market goes from here". Precedent says that the dip buyers will come to the rescue yet again, but the big dirty secret is that that can't last forever.
Southwest Airlines (LUV) has a fine looking amount of consolidation in a well confined space that should it break out to the upside, it could do so in a very explosive manner.
The second is a short setup that had once been a long I was watching. But Walter Energy (WLT) quickly broke down and formed a longer term down-trend and and is now confirming the bear flag that it had recently been trading in.
Here are the swing trade setups: