Swing-Trading Strategy Report #547

: Ryan Mallory; 28 October 2019

My Swing Trading Strategy

I don't have any new positions in my portfolio from Friday. Watching today to see how serious the bulls are about holding on to these new all-time highs. Considering 1-2 new long positions to the portfolio.

Indicators

Volatility Index (VIX) - VIX dropped 7.8% and likely to drop further, which is creating a very low volatility market and could even see a move into the 11's.
T2108 (% of stocks trading above their 40-day moving average): A 2.5% last session taking it up to 59%. Not overly bullish relative to July and September readings.
Moving averages (SPX): Trading above all major moving averages.
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Swing-Trading Strategy Report #546

: Ryan Mallory; 25 October 2019

My Swing Trading Strategy

I added a long position yesterday in one of the commodities that's breaking out. Looks to open up well. Watching for whether the bears can grab a foothold on this overbought market, in the wake of weak Amazon (AMZN) earnings, and if so, may look to add 1-2 new short positions to the portfolio.

Indicators

Volatility Index (VIX) - A low volume market, and a 2.1% decline sends the VIX back to 13.71. Rising trend-line off of the April lows, creates a scenario of a possible bounce here.
T2108 (% of stocks trading above their 40-day moving average): Despite yesterday's market rally, breadth was negative, and notably so. A decline of 5% taking the indicator back below 58%. Keep watching for further divergence in this indicator.
Moving averages (SPX): Trading above all major moving averages.
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Swing-Trading Strategy Report #545

: Ryan Mallory; 24 October 2019

My Swing Trading Strategy

I closed my only short position in Shake Shack (SHAK) yesterday for a +6.5% profit. Now I am 100% in cash, waiting to see whether the bulls can push price through resistance or whether it is going to fall apart again at the highs.

Indicators

Volatility Index (VIX) - End of day sell-off in the final hour of trading took the VIX from positive territory down 3% overall on the day. Bear flag on the daily forming, but I'm not sure I'd put a lot of confidence in it considering a push into the 12's can lead to quick bounces.
T2108 (% of stocks trading above their 40-day moving average): A 3% increase goes back up to 61%. Still weak relative to recent rallies.
Moving averages (SPX): Broke below the 5-day but quickly recaptured the MA in the last hour.
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