My Swing Trading Approach I am coming into today 100% cash, but also very skeptical about getting long on this market as most trading sessions where there is a strong earnings report that comes out, usually sees price fade throughout the trading session. I closed out my position in Bank [...]
My Swing Trading Approach I closed out Square (SQ) yesterday for a +6.7% profit and Netflix (NFLX) for a +1.6% profit. I tried a short on the market when it looked like the market might actually breakdown early on, but it didn’t materialize into anything. A lot of major earnings [...]
My Swing Trading Approach I added one additional position on Friday, and will look to add more to the long side today, should the market show a willingness to reverse the morning weakness. At the very least, I will also be tightening my stop losses and protecting profits. Indicators Volatility [...]
My Swing Trading Approach I didn’t add anything to the portfolio yesterday as the market was dull and not providing much substance to go on. I’ll consider adding a new long position today, if the morning strength can hold. Indicators Volatility Index (VIX) – Two days in a row where early [...]
Considering all the fireworks we have seen so far in 2018, this week here, has to be the most boring trading weeks so far. Fear not, the summer time is around the corner, and there will, no doubt be some mind numbing weeks there as well. […]
My Swing Trading Approach I will look to add 1-2 new long positions to the portfolio should the market conditions cooperate. I will also consider adding a short position as well to hedge against a potential pullback. Indicators […]
My Swing Trading Approach Flexibility is key for me here. I want to flip my portfolio in either direction based on what it does with the current tight trading range. […]
My Swing Trading Approach We are stuck in a 13-day consolidation pattern. That sucks on many, many levels. But it’ll breakout one way or another. However, the market isn’t providing what I would necessarily call a clear-cut edge. As a result I have been booking profits where it makes sense. [...]
My Swing Trading Approach Right now, I will probably limit the number of positions in my portfolio and stay as close to neutral as I possibly can until the market makes its move. Then I will foll along. […]
S&P 500 remains stuck in a 5-day sideways trading range While the S&P 500 (SPX) can’t get out of this 5-day range it has been stuck in, the Nasdaq is still rocking higher. There is very little reason to not be riding the stocks in this index as your primary [...]
Breakout of Consolidation a Must SPX had that opportunity on Friday to really close out the month strong and breakout of that consolidation pattern that is more evident on the intraday charts than it is on the daily chart. Instead the market gave traders a gap and crap the entire [...]
Technical Outlook: Yesterday marked the second biggest sell-off on the S&P 500 (SPX) since the Brexit sell-off, shedding 12 points. Volume on SPDRs S&P 500 (SPY) was slightly higher than the prior day's volume but still extremely weak and well below recent averages. Second straight day where dip buyers have not come in [...]
