The market is up 21 of the last 28 trading sessions, but everyone is nervous about whether they should keep swing-trading long or consider the market rally a dead cat bounce and book profits. In this video, I will tell you what I am doing and what I think the market is trying to tell
My Swing Trading Approach I used yesterday to take advantage of the strength in Square (SQ) and book profits for a +4.5 profit. I also added another trade to the portfolio yesterday, and will look to do the same, as long as the market can hold up today. But any additional trades at this
Key emphasis (for now) being on the word “watch” I don’t see any reason to add any of those short position listed below to the portfolio until we can see some willingness from the market to start trending lower again, or at least break a support level or two. But lets be honest, that has
My Swing Trading Approach Yesterday was a damn good day with a +13.1% profit in my ROKU swing-trade. The trade was placed last Wednesday and closed out yesterday following an amazing run. I still hold two additional long positions, and held off adding anything new yesterday to the portfolio. Indicators Volatility Index (VIX) – VIX
My Swing Trading Approach Stopped out of one position but added another on Friday. Holding respectable gains in two of my positions, but likely to stay put as the market remains on uncertain footing at recent highs. The market continues to have issues over the past week with fading morning gains, throughout the afternoon. I
My Swing Trading Approach I added one additional long position to the portfolio yesterday. I may add another today, but the market will have to show me it is intent on rallying again and none of this meandering like we saw following yesterday’s gap higher. Indicators Volatility Index (VIX) – Closed right on the 200-day moving
My Swing Trading Approach I added two new long swing-trades to the portfolio yesterday. However, I will be a little more reserved about how many new longs I add today. The market will have to prove it wants wants to break the declining downtrend off of the October highs. Indicators Volatility Index (VIX) – Looking at
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 of America (BAC) yesterday
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 reports coming out
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 Index (VIX) – Another massive drop