Swing Trading Strategy Report #242

2018-07-13T08:49:00-04:00July 13, 2018|

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 […]

Today’s Trading Plan: Christmas Doldrums Starting to Kick In

2016-12-22T09:37:00-05:00December 22, 2016|

Technical Analysis: Quiet day yesterday for the stock market as the S&P 500 (SPX) pulled back a meager 5 points.  Volume on SPDRs S&P 500 (SPY) was dropped significantly from the previous day’s reading and was well below recent averages. You can expect even lighter volume today and tomorrow as more traders leave for [...]

Big Banks Are Shattering Resistance

2016-08-15T15:20:25-04:00August 15, 2016|

Watch these big banks!  Namely: JP Morgan (JPM), Citigroup (C), Bank of America (BAC) and the notorious Goldman Sachs (GS).  All of them are breaking out as I am typing this and they look like they could be solid runners for the entire week.  Rarely do you find them or [...]

Today’s Trading Plan: Trying To Break Into Resistance

2016-06-07T07:36:14-04:00June 7, 2016|

Technical Outlook: SPX managed to rally above the 2111 resistance but was unable to close above said level into the close, which as you know, is what is most important.  An intraday move above resistance holds very little meaning if SPX can’t hold it into the close and that is [...]

Heavy Resistance for the Q’s

2016-03-28T15:00:39-04:00March 28, 2016|

While the S&P 500 price action is my primary guide for gauging market sentiment, it does help to keep a close eye on the Nasdaq and Russell and to a lesser extent, the Dow Jones Industrial Average.  When I look at the Nasdaq, unlike the other indices, you have an [...]

Must Watch Resistance for S&P 500

2016-03-21T12:09:11-04:00March 21, 2016|

Bulls still hanging on today, they are doing everything they can to hold on to the 2042 intraday level that is an obvious short-term support level on the 5 and 30 minute charts.  But the bigger theme here is the declining trend-line off of the November highs that the bulls [...]

Today’s Trading Plan: Leaping Past Resistance

2016-03-14T06:43:41-04:00March 14, 2016|

Technical Outlook: Big day for the market on Friday, breaking through the 200-day moving average and the declining trend-line off of the December highs.  Volume was still below average and below the levels seen on Thursday for SPY.  This week is the FOMC Meeting that comes out at 2pm on [...]

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