All the indices are are trading at or near their all-time highs, and with Trump tweeting daily about how fabulous the stock market is on a daily basis, we should be enthusiastic about stocks across the board, right? Wrong!
My Swing Trading Approach I’ll be looking to add 1-2 new positions today on market strength and ride my current crop of plays as high as they are willing to go, while moving up their stops along the way. Indicators
My Swing Trading Approach Market looking at a rare gap down, potential for the dip buyers to swing in. I’ll sit on my hands until I can determine the direction the market wants to take. May even short the market today if the conditions are warrant it. Indicators
My Swing Trading Approach Will look to add 1 to 2 new long positions to the portfolio if the market continues the buying spree. Keeping one eye on the exit though. Indicators
For the first time since January, the S&P 500 and the rest of the indices are marching lock step witih stocks as a whole. Over 70% of stocks are trading above their 40-day moving average and that confirms that stocks are supporting this market move higher.
My Swing Trading Approach Watching for follow through today, to add legitimacy to yesterday’s ATH rally. If that happens, I’ll look to add more long exposure.   Indicators
My Swing Trading Approach I’m not looking to get 100% long here. While a lot of traders are very comfortable with this market,I realize the risk of a sell-off that takes price down 1-2%. As a result, I want to maintain the flexibility to get net short if need be. Indicators
My Swing Trading Approach I closed out my one long position early on Tesla (TSLA) and added an additional short position before anything ran hard against. Yesterday proved to be a very profitable day, and will look to add more short positions today, if the market has more downside in the cards.Â
I use the T2108 to gauge the overall market enthusiasm and whether the stocks, as a whole, are really following what the market is telling us. Just looking at the stock market indices, in particular the Dow Jones Industrial Average. Day after day, it makes new all-time highs. Each day it rides one or two
Support holding strong, dip-buyers still flying in at any moment of weakness. Yesterday was a sound day for the bulls from a technical standpoint. For one, the S&P 500, by a large margin, saw a huge uptick in volume from the day before. Which is good, because I kind of thought the market was dying