My Swing Trading Approach
I added one new position, while subtracting another, Bank of America (BAC), for a 4.2% profit. I will look to add one additional position before the end of the day today, should the market hold up.
Indicators
- VIX – VIX breaking down with its lowest closing since March 21st. Down 8,7% yesterday, and breaking down through recent price consolidation.
- T2108 (% of stocks trading below their 40-day moving average): Indicator was flat following the end of day selling in the market that took it from being well in the green, down into the negative.
- Moving averages (SPX): The 20-day moving average was broken yesterday, which was huge for the market bulls. Now the 50-day looms large, and any solid rally should see a test of that MA.
- RELATED: Patterns to Profits: An Intro Trading Course
Industries to Watch Today
Technology and Financials led the market higher yesterday, while Industrials and Healthcare did quite well too. Utilities saw a significant amount of selling yesterday, and is on the verge of breaking down and ruining the bullish basing pattern it had been working on.
My Market Sentiment
The 20-day moving average was broken yesterday, which was a big deal, as that moving average had previously served as significant resistance. The looming Syria attack is looming large on the market, and while the market is showing a strong amount of bullishness right now, the headline risk could easily change that.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 4 Long Positions

Welcome to Swing Trading the Stock Market Podcast!
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