My Swing Trading Approach

Gap ups of late have been difficult to hold, but nonetheless, should  it do so, I will look to cover my one short position, and add to my long positions. 


  • VIX – Dropped 3.2% yesterday, and snapped the 3-day rally. Look for a retest of last week’s lows and then a test of the March lows. 
  • T2108 (% of stocks trading below their 40-day moving average): Remained flat yesterday, and signs that the market is trying to stabilize after the selling in recent days. 
  • Moving averages (SPX): Look for an attempt today, to recapture the 5, 10 and 50-day moving averages. 
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Industries to Watch Today

Energy bounced back yesterday and was the strongest sector once again. Its strong uptrend continues. Discretionary remains in a solid uptrend off of the April lows. Technology was one of the weakest sectors, and must bounce today. 
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My Market Sentiment

Earnings season is in full swing. The bulls need to take full advantage of it, in order to keep the market momentum going. Today we have a gap higher at the open, but of late we have seen numerous gaps fade at the open. I expect to remain light in my portfolio, and trade the market what ever direction it decides to take me. 

S&P 500 Technical Analysis

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Current Stock Trading Portfolio Balance

  • 2 Long Positions, 1 Short Position

Recent Stock Trades – See My Past Performance Here.