My Swing Trading Approach

I am coming into today 100% cash, but also very skeptical about getting long on this market as most trading sessions where there is a strong earnings report that comes out, usually sees price fade throughout the trading session. I closed out my position in Bank of America (BAC) yesterday for a small profit.   


  • Volatility Index (VIX) – Very little movement out of this index over the past couple of weeks. It has settled into place just north of the 200-day moving average, similar to the consolidation that was seen in late September and early October. 
  • T2108 (% of stocks trading above their 40-day moving average): Pushed higher yet again yesterday and remains at multi-year highs of 76%. Price action out of the market is struggling to find a lot of movement higher at the moment until we can see some kind of pullback reflected in this indicator.  
  • Moving averages (SPX): Price action is stuck below the 5-day and above the 10-day moving average at the moment and continues a second day of tight consoldiation. 
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Sectors to Watch Today

Technology and Discretionary struggled mightily yesterday as the market traded flat yesterday. Buoyed with Apple (AAPL) earnings these two sectors should lead the way higher today. 
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My Market Sentiment

Apple (AAPL) earnings yesterday has catapulted the market higher in the premarket. However, be concerned with the declining trend-line as shown below as the market may stall at, not to mention the market tends to fade strong earnings reports from the biggest names. 

S&P 500 Technical Analysis

swing trading strategy report 366

Current Stock Trading Portfolio Balance

  • 100% Cash.

Recent Stock Trades – See My Past Performance Here.