My Swing Trading Approach

The 10-year rate is increasing, which is cause for concern. Also, a slew of earnings reports this week, to keep a close eye on. Lighter in the portfolio, is better, until there is some trading clarity. 


  • VIX – Small increases in VIX over the last three days – nothing shown that would render support for an increasingly emotional market. I can see the VIX quickly getting sold off again. 
  • T2108 (% of stocks trading below their 40-day moving average): A 7.5% decline yesterday, still keeps the T2108 above 55%, which constitutes a healthy market at this juncture. 
  • Moving averages (SPX): Broke the 5, 10 and 50-day moving averages. Very possible that there is a retest of the 20-dayy moving average, even though it has done much better acting as resistance than as support. 
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Industries to Watch Today

Staples continues to sell off hard and should be avoided at all costs. Technology, yet again, sold off for a third straight day. Unlike staples, tech hasn’t been compromised by a breakdown. Financials has held up well over the last two days, and the recent bearishness is quickly disappearing. 
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My Market Sentiment

Two straight days of solid selling has brought price on SPX back to the rising trend-line that started when the market bottomed on April 2nd. The market must bounce today, if it has any plans of holding that trend-line. Also, note that the breakout of consolidation last week, is being retested again today. 

S&P 500 Technical Analysis

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Current Stock Trading Portfolio Balance

  • 2 Long Positions

Recent Stock Trades – See My Past Performance Here.