Swing-Trading Strategy Report #523

: Ryan Mallory; 24 September 2019

My Swing Trading Strategy

It was a relatively quiet day of trading for me yesterday as I didn't book any gains, and added only one new position to the portfolio. The market, as it sits a shade below its all-time highs, isn't providing a ton of clues or showing any substantial conviction as to what it wants to do going forward, so I have been careful about not getting myself over exposed in my portfolio by having too strong of a bias.

Indicators

Volatility Index (VIX) - Dropped 2.7% yesterday yesterday, while the market remained muted and break even all day. A lot of support in the lower 13's still.
T2108 (% of stocks trading above their 40-day moving average): A very small uptick higher, as breadth was slightly positive. The indicator remains at 70%, is much higher than we have seen at any point in the last seven months.
Moving averages (SPX) Resistance at the 5 and 10-day moving averages - with a potential downside crossover possible today.
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Swing-Trading Strategy Report #522

: Ryan Mallory; 23 September 2019

My Swing Trading Strategy

I took profits yesterday in BABA for a +2.3% profit, while getting knocked out of another long position at my stop following the China news that hit the wire. I still have one long position and one short position - both of which are holding respectable profits. If the market continues to sell-off today, may look to increase my short exposure as a result.

Indicators

Volatility Index (VIX) - A 9% pop on the VIX in the previous session, which was a sizable bounce considering how shallow the pullback in equities were. In the short-term the 13 level continues to hold.
T2108 (% of stocks trading above their 40-day moving average): Down five of the last seven trading sessions, but hardly giving up any ground. Breadth isn't seeing any dismantling or any significant profit taking. With that said, equities have been up four of the last seven sessions.
Moving averages (SPX) SPX broke the 5 and 10-day moving averages, both of which are starting to curve lower.
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Swing-Trading Strategy Report #521

: Ryan Mallory; 20 September 2019

My Swing Trading Strategy

I booked profits in Square (SQ) yesterday at $59.01 for a +2.6% profit. Not as much as I would have liked, but it simply could not push and stay above the resistance at $60. I added two additional new trades yesterday as well including a short position on SPX.

Indicators

Volatility Index (VIX) - Rallied off its lows for a 0.7% profit, and hovering above the 14 level. Yet to test the lows seen back in July and April of this year. VIX is trying to base at current levels here and could see a pop higher from here.
T2108 (% of stocks trading above their 40-day moving average): Struggling over the last six trading sessions to see any real move higher. Breadth has been poor and most days the market is simply giving up its early morning gains. Currently at 70%.
Moving averages (SPX) Currently trading above all major moving averages.
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