Let’s drop this market 40 points why don’t we? 

How about 50? 

Hold my beer…let’s make it over 60 SPX points to the downside! 

That’s the kind of numbers the S&P 500 futures market was printing overnight – in fact it looked like it was going to be a real blood bath today. 

Instead we simply have an average down day of 11 points, and that margin is quickly narrowing. I bought Square (SQ) on the dip this morning, and yeah, there were more trades that could have been had, but I didn’t want to place all my capital on the assumption the market would by the dip. Instead, I used it as an opportunity to add a new position to the portfolio on the cheap, and now I am up over 3% on the trade for the day. But there are so many more, in fact stocks like Apple (AAPL) bounced hard off of its rising trend-line, and stocks like Boeing (BA) is testing its 200-day moving average and holding. 

Here’s the bullish watch-list:

bullish swing trading setups 5 6 19

 

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