My Swing Trading Approach I booked my profits in AMZN and NFLX yesterday as the market was starting to pullback. I took +2.5% in NFLX and +1% in AMZN. Right now I am net short on the market, but won't hesitate to get long again, if the conditions merit that. Indicators Volatility Index (VIX) - While
My Swing Trading Approach I added two new long positions yesterday and closed NVDA out at $150.95 yesterday for a flat trade. I will be very tentative about adding any new positions today and will let the market play itself out in order to show it can handle a gap up. Indicators Volatility Index (VIX) -
My Swing Trading Approach I added one new long positions yesterday and look to add another today in the early going. However, tight stops are necessary as it won't take much for this market to reverse course and trend lower yet again. Indicators Volatility Index (VIX) - Matched its highs exactly from last Thursday, but failed
The Bears have held strong ever since Monday’s huge gap up. They have essentially pillaged investors of all their gains from November, and all of 2018, and we are only seven days in.Â
My Swing Trading Approach I added one long position yesterday that's off to a good start, once the market showed a willingness to bounce and sustain the bounce off of the lows of the day. I will consider adding another long position today should the momentum sustain itself following the jobs report. Indicators Volatility Index
My Swing Trading Approach I closed out my long position in SPXU (3:1 SPX short ETF) on Tuesday afternoon for a 6.3% profit. Sure, it'd be nice to still have it today, with the market gapping much lower, but after a 90 point sell-off on Tuesday, and a day-off in between, I had no desire
My Swing Trading Approach I took a position fading the market's gap up yesterday and held it overnight. Ahead of tomorrow's market closure, I suspect volume will be notably lower, and a willingness to continue pushing the market further into overbought conditions will prove difficult. I won't be overly aggressive in either direction today, but
The bulls are off to a great start to the week, but on an intraday basis, little has been done. That’s because all the gains of the day were earned at the open, and since then, the market has traded sideways. Also remember that the market is closed on Monday for President #41’s funeral which
My Swing Trading Approach Profits were taken on Friday as a result of Saturday's G-20 uncertainty (yes, we could easily have opened up -40 points on SPX if there was an escalating of tensions). In particular, I took profits in NFLX of +6%. I'm open to adding long positions, but I think the market is a