And just like that, the trade war was won again.
Another day, another headline. The Bulls struck back at the market open with a massive surge higher following favorable trade war headlines. I could get in the details of it here, but honestly you’ve probably already read about it somewhere else, and more than likely we’ll see the same recycled headline again in a couple of weeks to goose the market higher.
I sold my SPXU position at $28.79, which was far less than I was hoping for, but still a solid profit, that took a quick hit on that morning headline. Very irritating, but not unexpected when it comes to this market these days.
Following that, I added two new long positions, as the headline itself was huge and I suspect it will goose this market throughout the rest of the week.
Below is my list of short setups to follow throughout the week. I don’t have any plans to add any short setups at this moment, but I wouldn’t say it is impossible, just unlikely, or at least I don’t expect to.
Here’s the watch-list for the bearish short-setups:
Welcome to Swing Trading the Stock Market Podcast!
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In today's episode, Ryan answers the questions of one listener ranging from his transition from paper trading to live trading, and swing trading to day trading. Also addressed is his approach to trading, specifically Fibonacci retracement levels and why Ryan prefers Pivot Points instead.
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