Swing-Trading Strategy Report #384

: Ryan Mallory; 26 February 2019

My Swing Trading Approach

I booked profits in Alibaba (BABA) yesterday at $183.29 for a +7.8% profit, along with Advanced Micro Devices (AMD) at $24.98 for a +3.7% profit. I added one additional position yesterday, but overall reduced my overall long exposure.

Indicators

Volatility Index (VIX) - A much bigger pop than what we have seen in recent days, and with the market opening slightly lower ahead of the open, expect to see the VIX to climb higher in the early going today and test that stubborn 20-day moving average. Up 10% yesterday to 14.85.
T2108 (% of stocks trading above their 40-day moving average): A small decline in the T2108 of 1.2%. Nothing to be too concerned with on the surface, however, the market's breadth quickly deteriorated yesterday as price continue to sell off from the highs.
Moving averages (SPX): Currently trading above all the major moving averages.
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Swing-Trading Strategy Report #383

: Ryan Mallory; 25 February 2019

My Swing Trading Approach

I did not sell any of my positions ahead of the bell on Friday, and I added one more long as well. I may add one additional trade to the portfolio today. I do plan to further tighten my stops on existing trades as well.

Indicators

Volatility Index (VIX) - VIX is back to levels last seen prior to the Oct-Dec sell-off. Good chance that we push into the 10-12 range, if the rally persists.
T2108 (% of stocks trading above their 40-day moving average): A pop on Friday, helped the indicator push back toward its recent highs. Expect small movements to the upside on this indicator going forward.
Moving averages (SPX): Currently trading above all the major moving averages.
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Swing-Trading Strategy Report #382

: Ryan Mallory; 22 February 2019

My Swing Trading Approach

I sold Schlumberger (SLB) yesterday for a +1.1% profit. I'll be looking to add another 1-2 new positions to the portfolio today, on top of the one I added yesterday.

Indicators

Volatility Index (VIX) - Popped about 10% yesterday but by the time the close rolled around, most of the gains had been given up, and only 3.1% to show for on the day. The trend lower remains in place.
T2108 (% of stocks trading above their 40-day moving average): A 3.6% decline yesterday (somewhat of a rarity of late) still has the indicator above 84% and extremely elevated. As long as this indicator remains above 80%, you'll likely see very tight price ranges.
Moving averages (SPX): Currently trading above all the major moving averages.
RELATED: Patterns to Profits: Training Course