I don’t have any issues with any of the sectors right now except for Energy. Energy is seriously the most unpredictable and untradeable sector right now. Nothing holds to the upside, and just when you think a stock is breaking out, it reverses course and breaks down on you. [...]
A lot of trend-lines breaks and topping patterns are forming The safe sectors is where big money is putting its capital. Utilities are practically on the brink of new all-time highs. I’d also like to add stocks supporting the military or have big dollars in the Pentagon defense budget are [...]
The market is shedding its bullish act, and taking on a much more bearish tone. Jerome Powell’s circus yesterday, coupled with Trump’s untimely Chinese tariffs tweets today, has instantly put this market into a tale-spin. Short -term support levels are being violated across the board, and traders are being whip-lashed [...]
Very bullish look to the market. Maybe some pullbacks to existing trend-lines in order. I can’t find much to say that is negative about this market. Trade War headlines have died down and the Fed (for reasons beyond any reason) are still wanting to lower rates even though the market [...]
A lot of varying patterns among the sectors, but mostly bullish May was not kind for the market. June has been much better for the bulls, and last week’s bounce put SPX back to about 2% below all-time highs. There are triangle patterns (healthcare), head and shoulders patterns (energy), bull [...]
My Swing Trading Strategy I didn’t add any new positions yesterday as the market didn’t show much willingness to make any meaningful move. I will look to add one or two new positions today. Indicators Volatility Index (VIX) – Less than a 1% drop yesterday, and continued consolidation over the last [...]
My Swing Trading Strategy The last two trading sessions have seen the bulls slip in holding their intraday gains, so at this point, I am not willing to add more positions to the portfolio until the uptrend shows signs of wanting to resume moving higher. Indicators Volatility Index (VIX) – Finished [...]
My Swing Trading Strategy I have been away for the past week due to the passing of my mother. This will be my first day back at the helm, and ready to get after it. I am still holding two postions in the portfolio, that has benefited greatly from the [...]
My Swing Trading Strategy This has been by far the most difficult month of trading that I have ever seen. I mean, when you have a Twitter account that can bring ruin to the financial markets, it makes predictability a lot more difficult. The month of May started with a [...]
My Swing Trading Strategy Expecting further downside in this market as the head and shoulders pattern on the daily chart confirmed. May see a bounce first, but overall, the volume increased yesterday and it suggests that more traders are becoming concerned and liquidating their positions. Indicators Volatility Index (VIX) – VIX [...]
My Swing Trading Strategy I increased my long exposure yesterday by one position, however, the market wasn’t able to hold on to its early morning gains. The market could be setting up for a hard reversal higher following the morning gap down, which tends to be the more traditional bounce [...]
My Swing Trading Strategy I tried to day-trade the bounce yesterday, but there was little juice in the market ahead of the three day weekend. I added one additional swing-trade that I held over the weekend, and will look to add 1-2 more today if this market can hold up [...]
