My Swing Trading Approach

I am willing to add a new position to the portfolio today, but I have to be extremely “choosy” with my opportunities here, because the market is overbought, and I have little desire to add more exposure at the tail end, before seeing a normal market pullback.  

Indicators

Industries to Watch Today

Only 4 of the 11 sectors traded higher on Friday. Healthcare was the only sector with any meaningful gains. Everything else was flat. Heading into this week, look for bullish opportunities in Healthcare, Discretionary, Materials, Financials and as always, Technology.  
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My Market Sentiment

Since the January all-time were established, the current rally off of the 200-day moving average, is one of the best rallies we have seen. The market is overbought here, and I wouldn’t surprised to see some consolidation here in the days ahead.  

S&P 500 Technical Analysis

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Current Stock Trading Portfolio Balance

  • 5 Long Positions

Recent Stock Trades – See My Past Performance Here. 

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