My Swing Trading Approach

I will look to add 1-2 new positions today if the market strength can hold this morning. I booked profits in a number of positions yesterday, but will gladly ‘hop’ back into my positions today, should the market allow. 

Indicators

  • VIX – Only small push higher yesterday, of 3.6%. Very much, a muted move. 
  • T2108 (% of stocks trading below their 40-day moving average): No indication of selling accelerating just yet. Only down 3.5% yesterday, snapping a seven day streak. Closed at 49%. 
  • Moving averages (SPX): Held the 5-day moving average yesterday, no other technical developments took place. 
  • RELATED: Patterns to Profits: An Intro Trading Course

Industries to Watch Today

Utilities and Defensive were at the top of the pack yesterday. Significant selling seen in Tech stocks, as there was a rotation out of that sector and into Healthcare and Industrials. 
patterns to profits email

My Market Sentiment

Tested and held the 5-day moving average yesterday. Needs to hold support at the declining resistance level. Tariffs continue to plague the market but have yet to create any real technical damage to the charts. 

S&P 500 Technical Analysis

swing trading strategy report 158

Current Stock Trading Portfolio Balance

  • 1 Long position

Recent Stock Trades – See My Past Performance Here. 

You Might Like

  • Learn to trade within your means.

    Stop Trying to Hit Home Runs: Start Trading Within Your Means

  • Avoiding traps on stock breakout plays.

    How to Trade Breakouts Without Getting Trapped

  • how to manage your swing trades when it comes to headline risk.

    Managing Headline Risk: How to Survive the News Cycle Without Losing Your Mind