The one sector that I have had little to no interest in buying over the large part of this year has been financials. Sure, from time to time I have dabbled in them – some successful, some not so. However, they have been one of the least traded sectors for me and that doesn’t look
My Swing Trading Approach I am taking a wait and see approach following Tuesday’s head fake. The market needs to build some credibility with me today that it can sustain its gains, before I go adding something new again. Tuesday’s price action didn’t make for ideal trading conditions, and instead of committing more capital,
My Swing Trading Approach Holiday trading is upon us. I may look to add another position if the morning strength looks to hold. Less is still more in this market still, as price action is still unfavorable in the Dow, and range bound on SPX. Indicators
The market gave the bulls a good scare this morning. I was stopped out of one of my positions in the Splash Zone, none of which I was pleased about. However, once it became obvious to me this market had every intention of bouncing higher, I re-entered the trade (with a stop-loss of course)
My Swing Trading Approach I am going to play it careful here with the weakness seen this morning. I won’t rule out going short, but I will play it safe until a solid opportunity arises. Not looking to push anything here. Less is more here. Indicators
My Swing Trading Approach Protect profits, and I will be careful to add any new long positions in the face of a market sell-off. May consider getting short if the sell-off sustains itself. Indicators
My Swing Trading Approach Yesterday’s price action was uncertainly bearish and damaged the charts for the bulls some, but with the pre-market strength today, I wouldn’t count out a similar move that was seen on 5/30 – where it renders the previous day a bear trap. Indicators
My Swing Trading Approach I’m looking to add 1-2 new positions today, but will remain cautious in the early going, which is where the market has been the most vulnerable to sell offs, recently. Indicators