Daily Trading Plans

My Swing Trading Approach At this point, it is hard to have any bias in this market while the price remains stuck in consolidation. Stay patience, stay ready. Patience defines a trader’s worth.  Indicators

My Swing Trading Approach Huge bullish kicking candle pattern the last two days with the S&P 500 (okay, maybe not a perfect one, but close enough). I am optimistic, the bulls will try to put together a sustainable move here going forward and will add more positions as long as the market is a willing

My Swing Trading Approach I have one short position. I plan to play it cautious here. If the bulls choose to rally, the market today, I will look to add some long exposure, but plan, for now, to keep the short position as long as possible. Some technical damage on the SPX chart warrants

My Swing Trading Approach Considering what the market does with the current consolidation pattern, a breakdown may warrant some short exposure. I may have some opportunity on the dip buy, but overall, a conservative approach to the long side will likely be necessary today.  Indicators

My Swing Trading Approach I’ll look to take a more conservative approach to the trading session today, focusing on moving up my stops while focusing in on a few key opportunities and whether they come to fruition.  Indicators

My Swing Trading Approach Like yesterday, I am not opposed to adding additional positions to the portfolio, but I need to see that the market wants to break out of the consolidation – because so far I have yest to see it. As a result, a more conservative approach is necessary, until the breakout happens. 

My Swing Trading Approach I may consider adding some short positions if the bulls manage to break below the support levels established last week on SPX. Low volume market filled with a number of false moves, makes trading less, the better option.  Indicators

My Swing Trading Approach I will continue to add more positions to the portfolio on the long side today, but moving up my stops on existing plays. I am a bit cautious here because the market has struggled intraday with the gaps higher.  Indicators

My Swing Trading Approach I will look to add a new position to the portfolio today and continue to manage the potential downside risk that this market still poses. Raising stops are critical in this market and must continue going forward to lock in profits.  Indicators

My Swing Trading Approach Pre-market futures are lower, volume has been weak of late. I should have enough positions to carry me over into the weekend. Though, I will be on the lookout for any opportunities that are too good to pass ups.    Indicators