My Swing Trading Approach On Friday, I added one new position to the portfolio, which was in the tech sector. With my portfolio is mostly in cash (70%) and 20% tech, any additional trades will be outside of the sector. I also will look to tighten my stops in my existing trades where feasible. Volume
My Swing Trading Approach I didn’t pull the trigger on any new trades yesterday, as I wanted to hold out until today to see whether the market would provide us with the necessary follow through to the upside. I also booked some profits yesterday in one of my trades, as price action faded into the
My Swing Trading Approach I have more positions today to the long side, then I did, coming into yesterday. I need to see that this market is serious about holding on to today’s gains, and following through to the upside tomorrow. As a result, I may hold off adding any new positions today, and at
My Swing Trading Approach It remains to be seen whether the bulls are going to manage a “buy the dip” reaction to the morning’s pre-market gap down. Should that happen, I’ll likely add to the long exposure already in the portfolio. Should it not, reconsidering the short side comes into view yet again. Indicators
My Swing Trading Approach I am coming into today 100% cash, I closed my one short position yesterday for a profit. I am not totally sure where this market goes from here. We could see a bounce, but there is also little support underneath until 2801 on SPX is reached. I plan to watch
My Swing Trading Approach At least standby for the first 30 minutes of trading this morning before making any decision on market direction. Volume picked up on the selling to the downside on Friday with an above average volume reading. I will not be making a ton of moves today as I remain nimble and
My Swing Trading Approach Be very care with today’s market. I may add some short exposure today if the market provides me with the opportunity to do so. Otherwise, I will follow my stops on my existing two positions and go from there. Indicators
My Swing Trading Approach Yesterday the market took a much needed break, but overall it is still running hot over the past week. I am a bit light on my end, so I’ll likely look to add more long exposure today, if the market conditions will afford me the opportunity. Indicators
My Swing Trading Approach I am a little cautious of being aggressive here following a four day rally, and an anemic rally yesterday that showed plenty of signs of the market running out of gas in the very near term. Raising my stops is a priority here. Indicators
My Swing Trading Approach I want to add more long exposure here to the portfolio if the market will allow for it, while increasing the stop-losses on existing positions. A number of stocks have been down post earnings, and they are creating plenty of decent long setups to play. Indicators