Swing-Trading Strategy Report #482

: Ryan Mallory; 26 July 2019

My Swing Trading Strategy

Profits were booked in Regions Financial (RF) for a +3.1% profit. I also closed out Square (SQ) at just a shade above break even due to the earnings and market pressures. That became a mute point for the stock though. I added one position yesterday, and will look to add one more today too.

Indicators

Volatility Index (VIX) - The VIX closed at 12.74 and still feeling the affect of the downward trend-line off of the May highs. It is testing support levels in the lower 12's that has consistently led to hard bounces over the past year.
T2108 (% of stocks trading above their 40-day moving average): A 9% decline in this indicator yesterday puts the indicator back to 60%. Breadth in the broader market yesterday was very bearish, and a concern going forward.
Moving averages (SPX): The 5-day and 10-day moving averages should cross back to the upside. I thought it would yesterday but didn't. SPX currently trading above all major moving averages.
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Swing-Trading Strategy Report #481

: Ryan Mallory; 25 July 2019

My Swing Trading Strategy

I booked profits in Nvidia (NVDA) yesterday for +4%. Looking back, I was very aggressive about taking profits at the open, but I did so, because I was not overly confident that it could hold on to the premarket strength, and seemed like a solid candidate for a gap and fade (which did not end up happening). I ended up adding another position that morning to the portfolio.

Indicators

Volatility Index (VIX) - The VIX is at closing lows that haven't been seen since April 12th. Once it gets to these levels, the moves in the market are not all that impressive, so curb your expectations.
T2108 (% of stocks trading above their 40-day moving average): As the SPX closed at new all-time highs, the 7% rally in the T2108 wasn't enough to push beyond its recent highs, creating therefore, a slight bearish divergence.
Moving averages (SPX): The 5-day and 10-day moving averages should cross back to the upside. SPX currently trading above all major moving averages.
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Swing-Trading Strategy Report #480

: Ryan Mallory; 24 July 2019

My Swing Trading Strategy

I added some financial exposure yesterday, and will consider adding more long exposure today, should the market conditions warrant it.

Indicators

Volatility Index (VIX) - VIX sold for two straight days, and 6.8% yesterday alone, with the potential to see a retest of 12.00 in the very near future. However, with that said, VIX is approaching the area, that of late, has resulted in hard bounces higher.
T2108 (% of stocks trading above their 40-day moving average): A huge 12% move yesterday, took the indicator back to 62% in total. Solid bounce for the indicator as a whole.
Moving averages (SPX): The 5-day moving average crossed below the 10-day moving average while price is currently trading back above all major moving averages.
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