My Swing Trading Approach

By adding a long position yesterday to the portfolio, it balances out the short position that I am also carrying into the day from last week. I’ll look to aggressively add 1 to 2 new long positions in the early going.  


  • Volatility Index (VIX) – A very dull session for the VIX as it remained just below 16 at 15.97. Inside day yesterday, but expect a drop today. 
  • T2108 (% of stocks trading above their 40-day moving average): A small rally that took the indicator back up to 81%. Holding strong despite some weakness over the past week.   
  • Moving averages (SPX): Wedged between the 5- and 10-day moving averages. Expect a break above and a possible challenge of the 200-day moving average today. 
  • RELATEDPatterns to Profits: Training Course

Sectors to Watch Today

Industrials broke back above the 200-day moving average and one of the strongest sectors out there, along with TechnologyUtilities, and Staples.  
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My Market Sentiment

The 200-day moving average is in play, as the market looks to be in rally mode in the early going. Whether it can break through the 200-day MA or not will go along ways in determining the sustainability of this current market rally. 

S&P 500 Technical Analysis

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Current Stock Trading Portfolio Balance

  • 10% Long, 10% short.

Recent Stock Trades – See My Past Performance Here.