It takes a lot to get the market this oversold, and usually it comes on the heels of the bulls becoming completely exasperated. And that is what happened today when the bears drove this market another 65 points down on the S&P 500 following yesterday’s Fed sell-off, which happened to be the worst reaction ever
My Swing Trading Approach I am coming back from a two day-hiatus from trading - one of my firsts in a very long time. I'm coming in 100% cash, and will look to deploy some of it, should the market provide some direction. I am careful here about getting overly zealous to the long side
My Swing Trading Approach I added three new trades to the portfolio yesterday, while being stopped out by another. Right now they are all positioned well, to add to their gains from yesterday's rally. However, caution is warranted as this market has proved plenty of times this past month that it doesn't like to hold
My Swing Trading Approach The bulls were unable to hold any of the early morning profits yesterday, which ultimately was nothing more than a sell-fest immediately following the market open. The potential for a bounce here in the market here looms very large, and likely to see it this week at some point. Morale among
My Swing Trading Approach I spent last week positioning myself, with a set of new long positions to be ready for an eventual bounce that looks to be unfolding today. I may add one additional long position if the rally continues to hold up, but early on, I will be letting my positions that were
My Swing Trading Approach This is a tough market, too oversold to short, but not enouch conviction for a sustained bounce. In fact, there hasn’t been a single day of back-to-back gains since September 20th. That’s incredible really. Despite the huge, negative earnings reaction out of AMZN yesterday, and the market’s weakness today, either it
My Swing Trading Approach I have identified some key trade setups that I want to take a stab at right out of the gate this morning. Should this bounce hold today, and in the days ahead, the potential for a 100 to 150 point move for SPX looms very, very large and could be one
It is a little thinner than usual, but the bullish watch-list still has some potential plays worth keeping an eye on. Though we have seen much more selling than usual in the stock market of late, one thing is certain, the bulls keep bouncing price in the afternoon. The bulls are showing a resilience that
My Swing Trading Approach I added one additional swing-trade to the portfolio on Friday, and will look to do the same again, should the bullishness persist today. Indicators
My Swing Trading Approach This has been a cautious week for me, especially due to the lack of continuity among the sectors on a day-to-day basis and the holiday right in the middle of the trading week. Once we get past the employment report this morning, and direction becomes better known, I may look to