Resistance

Support and Resistance is fundamental concepts to swing-trading. This week, I was asked by a listener if I could make a podcast about them and while it can be tough to do it without showing you charts, I think I did a pretty good job of explaining the concept so that it is friendly on

My Swing Trading Strategy I did not add any new positions on Friday, but now with SPX having closed above key resistance, opens me up to additional long positions.    Indicators Volatility Index (VIX) – Broke support at the 13.39 area, and dropped into the 12’s with Friday’s move. Good chance we could see a sustained

My Swing Trading Strategy I added one additional swing-trade to the portfolio yesterday, while keeping my remaining two that I started the day with. I am open to adding one additional position today, but may stay put on the sidelines until we can see price action close above overhead resistance on SPX. Something that it

My Swing Trading Approach I booked profits in Alibaba (BABA) yesterday at $183.29 for a +7.8% profit, along with Advanced Micro Devices (AMD) at $24.98 for a +3.7% profit. I added one additional position yesterday, but overall reduced my overall long exposure.  Indicators Volatility Index (VIX) – A much bigger pop than what we have seen

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 for

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 this week,

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

My Swing Trading Approach I didn’t add anything to the portfolio yesterday as the market was dull and not providing much substance to go on. I’ll consider adding a new long position today, if the morning strength can hold.  Indicators Volatility Index (VIX) – Two days in a row where early morning strength resulted in giving