My Swing Trading Approach August tends to be a rather bearish month for the market. But then again, we’ve seen the bears blow every opportunity that comes their way. I’m sure seasonal opportunities won’t be seized upon either. I plan to cover my one short early on here if this market decides it wants to
My Swing Trading Approach I’m net long following Friday’s inability to sustain a sell-off to the downside. With the rally back, I flipped back to the long side. I would like to add a couple of more positions today, should the rally off of Friday’s lows continue.Â
My Swing Trading Approach I plan to play it cool today. Right now, I have one short position as I exited my long positions yesterday. I could get heavily long on this dip, but I need to see some evidence out of this market that the lows from yesterday want to hold into today.Â
I thought I’d shake things up a bit, and redesign the daily trading plan. Honestly, I became a bit bored by how I was doing it before. And if I’m getting bored with it, you probably are to. So lets fix that with what I’ve put together to replace it: The Swing Trading Strategy Report.
Yesterday’s rally didn’t quite seem there was a great deal of conviction behind it. Perhaps with the Fed set to release its FOMC Statement today, we’ll get the market to provide us with a decent size move. Over the past four trading sessions, the market has been rather quiet.Â
3 days of selling of less than one point per day That is what SPX has averaged over the course of the last three days when it finished lower each day - less than one measily point. For the bears that has to be infuriating. I don't blame them - I would be too, if
I'm not a big fan of streaks when it comes to stocks I mean it is nice while it lasts, but like any financial instrument that is rallying, eventually there needs to be a pullback and on Friday you got one with a whopping 0.04% pullback on the Nasdaq. How amazing, right? That is the
June saw continued success for traders in the Trading Block. I was quite satisfied with my swing trading results, especially when you consider just how mundane the overall market was. There was plenty of ‘back-and-forth in the stock market.
Support holding strong, dip-buyers still flying in at any moment of weakness. Yesterday was a sound day for the bulls from a technical standpoint. For one, the S&P 500, by a large margin, saw a huge uptick in volume from the day before. Which is good, because I kind of thought the market was dying