Bull Market

My Swing Trading Approach Coming in lighter than I was before with only 3 positions in the portfolio, after closing out Micron (MU) for a +7.8% profit and FedEx (FDX) for a +1.4% profit. I’ll be looking to add 1-2 new long positions today to the portfolio, assuming that market conditions will keep pushing price

My Swing Trading Approach I didn’t add any new trades to the portfolio yesterday, but may look to do so on the morning weakness we are seeing so far in the pre-market. I will also be increasing my stops-losses on my existing and profitable positions.  Indicators

My Swing Trading Approach Be very care with today’s market. I may add some short exposure today if the market provides me with the opportunity to do so. Otherwise, I will follow my stops on my existing two positions and go from there.  Indicators

My Swing Trading Approach Yesterday the market took a much needed break, but overall it is still running hot over the past week. I am a bit light on my end, so I’ll likely look to add more long exposure today, if the market conditions will afford me the opportunity.  Indicators

My Swing Trading Approach I am a little cautious of being aggressive here following a four day rally, and an anemic rally yesterday that showed plenty of signs of the market running out of gas in the very near term. Raising my stops is a priority here.   Indicators

My Swing Trading Approach I want to add more long exposure here to the portfolio if the market will allow for it, while increasing the stop-losses on existing positions. A number of stocks have been down post earnings, and they are creating plenty of decent long setups to play.  Indicators

My Swing Trading Approach Good decision on my part not to add any new long positions yesterday, considering the pre-market weakness I’m seeing ahead of the open. If the bulls buy the dip, I may use it as an opportunity to add some more long exposure, but either way, caution is warranted until the morning

My Swing Trading Approach I am concerned about the breadth in the market as stocks, as a whole, are not rallying with the indices. The T2108 is actually diverging, and should that continue into today, I may hold off adding any new long positions.  Indicators

I’m not a huge fan of using technical analysis on indicators, particularly when the y-axis on the chart is a percentage basis capped at 100%.  But this T2108 chart, I believe has some merit as it pertains to support and resistance. For those needing a refresher, the T2108 measures the percentage of stocks trading above

The last three day has been subtly brutish for the bulls. It is nothing like what we saw back in February and March, but nonetheless, SPX has dropped 55 points over the last three trading sessions. Like I said, not much comparatively speaking to what we saw the previous two months, but it is enough