Stock Market Correction

Stocks over the last couple of days have not looked all that healthy. As a result we are seeing intraday gains get wiped out in dramatic fashion and the while the market has bounced in a big way in the second half of the month, many of the stocks are not keeping up with it. 

The bulls are trying to bounce today, and they absolutely had to, if they were going to keep this market bounce going.  However, the 20-day moving average is still providing resistance, as of this post.  Should that MA clear, I think the bulls have a clear path back to the highs gain. The price action

My Swing Trading Approach I am 100% cash right now. I am willing to play the bounce, but will likely only add a couple of positions in the early going. Watch for a possible market fade of the early gains ahead of the weekend, just as we saw last week.  Indicators

My Swing Trading Approach I’m not looking to add new positions to the portfolio unless this market can show itself capable of sustaining a bounce.  Indicators

My Swing Trading Approach Wait and see if the market wants to continue with the bounce off of the morning lows. If not, it will be a time to sit on my hands and watch.  Indicators

What a horrific week it has been for the bulls. Every time you think the market is going to bounce it doesn't. Today however, there has been some solid price action for the bulls in that they recovered 1200 points off the overnight lows on the Dow, and currently sit at break even. We are

My Swing Trading Approach There will be a substantial bounce to play at some point in the future. I will sit on the sidelines until that time is unveiled.  Indicators

My Swing Trading Approach I expect us to see a rally come forth at some point this week that will be hard and fast. However, while playing it is okay, committing too much capital to it is a bad thing. Be careful as it may not take place exactly when you expect. Stay nimble and

Over the past couple of weeks, I’ve tried to remain some what cautious about getting overly long on this market. I stayed away from maxing out the portfolio and kept plenty of cash handy.  And I am glad I did!

My Swing Trading Approach I will be watching to see how the 20-day moving average is holding up today. If it does hold, it will likely be a good opportunity to buy the dip. Otherwise, if it slices right through it, I will stand by. Ideal shorting opportunities going forward should come from a failed