On Friday, the market demonstrated that it still had signs of life.
Today the market doesn’t seem as certain, but nonetheless, it is still staying right near the new closing highs established last week.
I’m cognizant of the fact that SPX has rallied over 100 points since establishing last August’s lows. I’m also aware that the market doesn’t go up in a straight line either. As a result, I am being a bit cautious at these levels so that if there is a pullback, I am able to weather the storms, and also put my self in a position, where if I have to, to benefit from the market with some short positions. Right now I have none, and have no plans in adding any just yet.
Here’s the bullish list of trade setups:
Welcome to Swing Trading the Stock Market Podcast!
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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