Market’s have rebounded well since the sell-off that led to a test of SPX 200-day moving average. Following today’s CPI report in the pre-market, and the subsequent sell-off, I was ready for the market to begin its selling yet again, so I raised my stops to protect all profits.Â
My Swing Trading Approach Right now, I want to increase my stop-losses and maintain flexibility with the market by not overloading my portfolio with long positions. CPI report will greatly influence whether I am going to be adding any short positions in the future. Indicators
Wednesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Get all of my trades that I make real-time by jumping in the Splash Zone and making some profits for yourself! Long Las Vegas Sands (LVS)
My Swing Trading Approach Right now, I have plenty of trades to work with in the portfolio. I may still add more to the portfolio, but I want to see how this morning’s weakness plays out. If necessary, I will begin booking gains, and even consider a short position if this market decides to roll
Tuesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Get all of my trades that I make real-time by jumping in the Splash Zone and making some profits for yourself! Long Omnicom (OMC)
Friday saw the bulls hold the 200-day moving average and bounce hard and fast, erasing roughly 87 points off the lows. Today it is continuing with the same, up almost 2%, the bulls are staging a very solid rally in the market.Â
My Swing Trading Approach I am looking to add 1-2 new long setups to the portfolio today, if the market rally can continue, targeting large cap, quality stocks that are bouncing off of key support. Indicators
Monday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Get all of my trades that I make real-time by jumping in the Splash Zone and making some profits for yourself! Long FedEx (FDX)
The market has officially tested the 200-day moving average and so far it is holding. It is the first time it has been tested since June of 2016 and when it did, an amazing bounce, immediately thereafter, unfolded.Â
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