Pullback

My Swing Trading Approach Good chance I will be looking to sit on my hands today, unless the dip buyers step in and aggressively buy up this market. Raise my stops to protect profits, and wait for an opportunity to present itself.  Indicators

My Swing Trading Approach I am willing to add a new position to the portfolio today, but I have to be extremely “choosy” with my opportunities here, because the market is overbought, and I have little desire to add more exposure at the tail end, before seeing a normal market pullback.   Indicators

My Swing Trading Approach I am 100% cash at the moment, but will give the market some time this morning to determine the direction it wants to take. I will follow the trend of the market today and trade accordingly, while keeping my exposure small for now.  Indicators

My Swing Trading Approach With weakness in the market this morning, I will be looking to manage risk to the long side, while possibly positioning myself to short the market, if necessary.  Indicators

My Swing Trading Approach The market has yet to provide any favorable trading conditions this week. Staying light and patient here, is the name of the game, and what I plan on doing today until the market gives us something more definitive.  Indicators

Yesterday’s rally didn’t quite seem there was a great deal of conviction behind it. Perhaps with the Fed set to release its FOMC Statement today, we’ll get the market to provide us with a decent size move. Over the past four trading sessions, the market has been rather quiet. 

3 days of selling of less than one point per day That is what SPX has averaged over the course of the last three days when it finished lower each day - less than one measily point. For the bears that has to be infuriating.  I don't blame them - I would be too, if

I'm not a big fan of streaks when it comes to stocks I mean it is nice while it lasts, but like any financial instrument that is rallying, eventually there needs to be a pullback and on Friday you got one with a whopping 0.04% pullback on the Nasdaq.  How amazing, right?  That is the

Technical Analysis: The Federal Reserve raised interest rates yesterday by a quarter point. Initially the S&P 500 (SPX) tried to rally on the news but quickly gave up its gains on the day to finish 0.8% down on the day.  SPX also managed to close below its 5-day moving average for the first time since 12/2

Alright folks – I have been following $USO and the price of crude very closely of late.  I’m of the belief that crude is ready to drop – another 5-6% this week, and in the process, allow for those who took the short set up at recent highs, a great return for the risk.  I’m