Resistance

My Swing Trading Approach Plenty of long positions already in the portfolio. I will look to add 1-2 new long positions today on improved bullishness over last week. Careful not to add additional shares of anything if the market is not willing to commit to a direction.  Indicators

My Swing Trading Approach Tighten the stops, and I may add more long exposure, but the market will have to recover from the pre-market weakness in order to do so.  Indicators

My Swing Trading Approach Good decision on my part not to add any new long positions yesterday, considering the pre-market weakness I’m seeing ahead of the open. If the bulls buy the dip, I may use it as an opportunity to add some more long exposure, but either way, caution is warranted until the morning

My Swing Trading Approach I am concerned about the breadth in the market as stocks, as a whole, are not rallying with the indices. The T2108 is actually diverging, and should that continue into today, I may hold off adding any new long positions.  Indicators

My Swing Trading Approach Tech is weak at the open and the rest of the market is following suit. Unless the dip buyers step in, this may result in a day where it is simply better to remain on the sidelines.   Indicators

My Swing Trading Approach Right now, I have a number of long setups in the portfolio, that I will look to manage the risk in, first and foremost. I’m not opposed to adding more positions to the portfolio, but for now, I am more interested in letting my current positions do their work.  Indicators

My Swing Trading Approach Once resistance looks like it wants to break, and the market is trading confidently above the March highs, I will look to add 1-2 new long positions.  Indicators

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

The SharePlanner Reversal Indicator is lighting up with green. After a good solid month of August where price action spent most of its time in the red, the last three days have been uber-bullish for the S&P 500 (SPX) and may even finish in the green to close out the month, which would really be

The beloved stock on the NYSE CAT is getting pummeled today. And if you have been watching the financial news or following me on Twitter, you’ll know that they are getting investigated today by practically every agency in the Federal Government at their corporate offices. This isn’t new for Caterpillar (NYSE: CAT) as it