My Swing Trading Strategy

The low volume trading environment is making for difficult trading conditions, as the market is unable to follow through or hold on to any gains to the upside, and thereby creating wild intraday swings that cannot be counted on. 

Indicators

  • Volatility Index (VIX) – Respectable bounce on the VIX yesterday, that engulfed the previous trading session. 
  • T2108 (% of stocks trading above their 40-day moving average): A 6.5% sell-off yesterday, that took the indicator to 60%, and trying to make last week’s move look like a dead cat bounce.  
  • Moving averages (SPX): Currently trading above all major moving averages. 
  • RELATEDPatterns to Profits: Training Course

Sectors to Watch Today

Only Healthcare and Technology finished in the green yesterday. With the latter hitting intraday all-time highs, but unable to close at that level. Discretionary chart looks more problematic, as it failed to make a new rally high yesterday, and could be facing some resistance going forward. Potential double top in Real Estate. Utilities had a significant amount of profit taking while, Financials saw a bearish engulfing candle pattern. 
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My Market Sentiment

Volume remains putrid, and puts any rally in question. On the intraday front, expect a lot of whiplash, as the market lacks the conviction to hold its gains. 

S&P 500 Technical Analysis

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Current Stock Trading Portfolio Balance

  • 40% Long.

Recent Stock Trades – See My Past Performance Here.