The market acted like it might trade lower, but in the end, it went perpetually higher. This is important because throughout last week, we saw afternoon fades, that started right after lunch time and last until the closing bell. This made it very difficult to put a lot of trust in the market and where
My Swing Trading Approach Stopped out of one position but added another on Friday. Holding respectable gains in two of my positions, but likely to stay put as the market remains on uncertain footing at recent highs. The market continues to have issues over the past week with fading morning gains, throughout the afternoon. I
My Swing Trading Approach I added one additional long position to the portfolio yesterday. I may add another today, but the market will have to show me it is intent on rallying again and none of this meandering like we saw following yesterday’s gap higher. Indicators Volatility Index (VIX) – Closed right on the 200-day moving
My Swing Trading Approach I added two new long swing-trades to the portfolio yesterday. However, I will be a little more reserved about how many new longs I add today. The market will have to prove it wants wants to break the declining downtrend off of the October highs. Indicators Volatility Index (VIX) – Looking at
My Swing Trading Approach I am coming into today 100% cash, but also very skeptical about getting long on this market as most trading sessions where there is a strong earnings report that comes out, usually sees price fade throughout the trading session. I closed out my position in Bank of America (BAC) yesterday
My Swing Trading Approach I closed out Square (SQ) yesterday for a +6.7% profit and Netflix (NFLX) for a +1.6% profit. I tried a short on the market when it looked like the market might actually breakdown early on, but it didn’t materialize into anything. A lot of major earnings reports coming out
The market is taking a bit of a hit today – nothing major or game changing though. But it is enough to spark concerns considering the selling accelerated as a second major tech company (Apple being the first) decided to cut guidance. Nvidia (NVDA) has certainly put a damper on the market today, but
My Swing Trading Approach I added one additional position on Friday, and will look to add more to the long side today, should the market show a willingness to reverse the morning weakness. At the very least, I will also be tightening my stop losses and protecting profits. Indicators Volatility Index (VIX) – Another massive drop
My Swing Trading Approach I didn’t add anything to the portfolio yesterday as the market was dull and not providing much substance to go on. I’ll consider adding a new long position today, if the morning strength can hold. Indicators Volatility Index (VIX) – Two days in a row where early morning strength resulted in giving
My Swing Trading Approach I booked profits in Nike (NKE) at $80.47 yesterday for a +2.4% profit. I added another long position yesterday as well and will look to add more today, if this market can pull out of the bull flag that it is trying to form here. Indicators Volatility Index (VIX) – Crashed