My Swing Trading Approach Yesterday’s price action was uncertainly bearish and damaged the charts for the bulls some, but with the pre-market strength today, I wouldn’t count out a similar move that was seen on 5/30 – where it renders the previous day a bear trap. Indicators
My Swing Trading Approach I will look to add more long exposure to the portfolio as long as the rising trend-line remains in place on SPX. Very little reason to get short while this trend-line remains in place.  Indicators
My Swing Trading Approach I will be looking to add 1-2 new positions to the portfolio as long as the early morning strength can sustain itself. Playing the rising trend-line off off the May lows, offers a great buying opportunity in this market. Indicators
My Swing Trading Approach Days like we have seen over the last three trading sessions, is the reason why you must use stop-losses in this market and to protect profits, and to be strategic about their placement. I’m not in a rush to buy the dip here. I would rather the market establish firm
My Swing Trading Approach I’ve held off adding new positions to the portfolio the last two days. My approach may be the same again here, as I simply show caution, move up my stops, and let the market play out. I may add a short position, depending on whether the bears can sustain the selling.
My Swing Trading Approach I held off adding any new long positions yesterday, while continuing to increase my stops on all my trades. I am doing the same again today. The possibility of getting short exists as well, as you have renewed trade war jitters which creates a headline-risk trading environment, allowing for renewed
My Swing Trading Approach At this stage of the game, I am weary of how much more the bulls have left in the tank before we see some kind of pullback. More than likely, I will play it safe here, and let the existing positions do the work, while tightening my stops. Indicators
My Swing Trading Approach With the FOMC Statement coming out today, I will likely stay on the sidelines until it is released. Indicators
My Swing Trading Approach Ahead of the FOMC Statement tomorrow, I suspect the price action to be contained and lacking conviction. I may add an additional position to the portfolio today, but will only do it under strong, bullish conditions. Otherwise, it is more important to focus on raising stops and protecting profits. Indicators
My Swing Trading Approach As the market continues to make its run off of the May lows, I am not opposed to adding more positions to the portfolio, but it is more important at this point to be protecting profits, and dramatically increasing existing stop-losses. Indicators