Which sector provides the best opportunity for traders in 2023? In this video, I provide my technical analysis and opinion on each sector in the stock market and which ones are likely to do the best, while which ones are most likely to lag the over all market.
My Swing Trading Strategy New week, month and quarter. I’m 100% cash coming into the day and will look to get long with 1-2 new positions. Always the potential for an April fools market fade. Be aware. Indicators Volatility Index (VIX) – a 5% decline on Friday, and has dropped four [...]
My Swing Trading Strategy I’m coming into the day 100% cash, following another low volume day with little conviction. Fading the opening move is on the table as is getting long on it, depending on how the market internals line up with price action. Indicators Volatility Index (VIX) – The indicator [...]
My Swing Trading Strategy I sold my position yesterday in SPXU for a +1.5%. Not as much as I would have liked from the trade, but I also found it hard to justify holding it another day without the market showing a strong propensity to want to go lower. I [...]
My Swing Trading Strategy I’m light on equities and heavy in cash. I don’t mind deploying some capital today, but I need to see more out of this market in terms of conviction. So far this week, the market appears unsure of where it wants to go. Indicators Volatility Index [...]
My Swing Trading Strategy No new trades for me yesterday, as I sat on my hands and let the market throw everyone else around. Today’s pre-market strength may lead to an opportunity to re-short this market, and I won’t be placing a lot of faith, in the ability of the [...]
My Swing Trading Strategy I recognized the abnormal amount of weakness early on Friday, and tightened up the stops, so that I walked away with profits on all of my long positions, which included +6.1% on PYPL and +1.3% on NVDA. I am willing to play this market in any [...]
My Swing Trading Strategy I didn’t increase my overall exposure in the market yesterday, as I sold my position in Boeing (BA) for a small loss, after it simply refused to bounce. This morning, I will watch overall market action to see if the bulls are able too bounce off [...]
My Swing Trading Strategy I reduced my long exposure yesterday by closing out two positions, and adding one additional trade to my account. The bears have a similar grip on this market (this week) to what we saw two weeks ago. Nothing major, but certainly keeping the bulls from pushing [...]
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 [...]
My Swing Trading Strategy I added another long position yesterday and will look to increase the value of my current positions before adding anything new to the portfolio. I don’t see myself adding any more than one new position today. Indicators Volatility Index (VIX) – Traded higher 1.7% yesterday, but was [...]
My Swing Trading Strategy I did not add any new positions on Friday, but now with SPX having closed above key resistance, opens me up to additional long positions. Indicators Volatility Index (VIX) – Broke support at the 13.39 area, and dropped into the 12’s with Friday’s move. Good chance [...]
