Swing-Trading Strategy Report #427

: Ryan Mallory; 27 April 2019

My Swing Trading Strategy

I took profits in Applied Materials (AMAT) for a +2.8% profit on Friday, while also adding one additional position to the portfolio. There are a lot of earnings reports coming out this week, like last, so avoiding any potential hazards will be extremely important.

Indicators

Volatility Index (VIX) - Down 4% and more than anything else, simply stuck in choppy, sideways action for the entire month of April. I don't have much in expectations for there being any major moves here in the near term.
T2108 (% of stocks trading above their 40-day moving average): Sideways, like many indicators in the month of April. It rose 5.2% to stay in that 55-70% range for the month of April.
Moving averages (SPX): Price is trading above all the major moving averages now.
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Swing-Trading Strategy Report #426

: Ryan Mallory; 26 April 2019

My Swing Trading Strategy

I sold Jacobs Engineering (JEC) for a +3% profit yesterday but also took a -1.5% loss in Ralph Lauren (RL). The reward/risk was textbook between the two of 2:1. I added one new swing-trade yesterday to my portfolio and won't rule out another today. However, my confidence in that happening is low, as the market continues to languish during trading hours.

Indicators

Volatility Index (VIX) - A big massive doji candle on the VIX, closing out at 13.25 and 0.8% higher on the day. But you guessed it, well off its highs of the day. However, it did manage to close above the 20-day moving average for only the second time this month. Last time that happened, we we saw a significant rally thereafter.
T2108 (% of stocks trading above their 40-day moving average): Still horrible breadth on NYSE as well as a 9% decline on the T2108. Still a potential bearish divergence here.
Moving averages (SPX): Price is trading above all the major moving averages now.
RELATED: Patterns to Profits: Training Course

Swing-Trading Strategy Report #425

: Ryan Mallory; 25 April 2019

My Swing Trading Strategy

I did not add any new positions yesterday as the market's price action simply didn't warrant it. Instead I raised my stops where I could. I will be open to adding another long position today, but won't hold out hope for it, if the market decides to fade tech strength today.

Indicators

Volatility Index (VIX) - A 7% rally in the VIX yesterday, which spent most of the day rising, and now testing that stubborn 20-day moving average.
T2108 (% of stocks trading above their 40-day moving average): Despite breadth on NYSE being quite flat, the T2108 was able to still rise 1% to finish at 65%.
Moving averages (SPX): Price is trading above all the major moving averages now.
RELATED: Patterns to Profits: Training Course