My Swing Trading Strategy

I added a healthcare stock yesterday to the portfolio which is off to a great start so far. I may add another position today, but will need to see this market breakout of its bull flag pattern to the upside. 

Indicators

  • Volatility Index (VIX) – VIX dropped for the third time in the last four trading sessions, with another minor drop of 0.6% to 15.82. Again the 50-day moving average is holding firm, but has yet to legitimately test it, instead just hovers above it. 
  • T2108 (% of stocks trading above their 40-day moving average): Inspiring move of 12% yesterday, that closed at its highs of the day. Very bullish gesture, and pushed the reading back into the 40’s to 44%.  
  • Moving averages (SPX): SPX currently trading above all of its major moving averages. Tested and held the 5-day moving averages. 
  • RELATED: Patterns to Profits: Training Course

Sectors to Watch Today

Check out my full and complete sector analysis by clicking here.
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My Market Sentiment

Yesterday’s surge into the close, allowed for the bulls to push price, on a closing basis, above the right shoulder. There is also a bull flag that has formed in the short-term over the last four days, that I expect will break out and push price back near the all-time highs fairly soon.   

S&P 500 Technical Analysis

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Current Stock Trading Portfolio Balance

  • 40% Long

Recent Stock Trades – See My Past Performance Here. 

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