SPDRs S&P 500 (SPY)

You need to check out the chart below of SPX, because right now we are testing a massive long-term trend-line going back to the March 2009 lows.  That’s right – the whole “But the Dip” era is at risk here, and as I type this, SPX is actually trading below the critical level. But

My Swing Trading Approach I closed out my long position in SPXU (3:1 SPX short ETF) on Tuesday afternoon for a 6.3% profit. Sure, it'd be nice to still have it today, with the market gapping much lower, but after a 90 point sell-off on Tuesday, and a day-off in between, I had no desire

My Swing Trading Approach I took a position fading the market's gap up yesterday and held it overnight. Ahead of tomorrow's market closure, I suspect volume will be notably lower, and a willingness to continue pushing the market further into overbought conditions will prove difficult. I won't be overly aggressive in either direction today, but

The bulls are off to a great start to the week, but on an intraday basis, little has been done.  That’s because all the gains of the day were earned at the open, and since then, the market has traded sideways. Also remember that the market is closed on Monday for President #41’s funeral which

My Swing Trading Approach Profits were taken on Friday as a result of Saturday's G-20 uncertainty (yes, we could easily have opened up -40 points on SPX if there was an escalating of tensions). In particular, I took profits in  NFLX of +6%. I'm open to adding long positions, but I think the market is a

My Swing Trading Approach I took profits in my trade in Visa (V) for a +2.4% profit yesterday, and added another swing-trade later in the day. Holding +7% in profits with Netflix (NFLX). I don't expect to add anything today ahead of the G20 Summit, but instead will look to add more swing-trades, if the

My Swing Trading Approach Following an epic rally in equities yesterday, I am going to stand back and watch the price action this morning, to see whether continuation is in the cards today. I sold NFLX yesterday in the morning for a +1.3% profit, but quickly jumped back in following Powell's positive comments and now

My Swing Trading Approach I took two swing-trades yesterday, and managed to hold them overnight, which has been a rarity of late. They are poised to gap higher with pre-market strength. I will look at adding another position today, but won't be overly aggressive in doing so.   Indicators Volatility Index (VIX) - While SPX finished higher,

My Swing Trading Approach Yesterday I found myself day-trading the market again. Not the ideal situation, but considering the after hour news that hit with Trump and tariffs on China, it turned out to be a good decision. Two trades yesterday, both winners, with AMZN yielding +1.4%. I am open to playing the market in

My Swing Trading Approach I hate these gaps higher, as it carries a far greater amount of risk coming into the trading session, considering how many of them the market has faded over the past two months. Nonetheless, I'm 100% cash, and didn't participate in Friday's sell-off. I am looking to trade in either direction