My Swing Trading Approach I may consider adding some short positions if the bulls manage to break below the support levels established last week on SPX. Low volume market filled with a number of false moves, makes trading less, the better option. Indicators
My Swing Trading Approach I will continue to add more positions to the portfolio on the long side today, but moving up my stops on existing plays. I am a bit cautious here because the market has struggled intraday with the gaps higher. Indicators
My Swing Trading Approach I will look to add a new position to the portfolio today and continue to manage the potential downside risk that this market still poses. Raising stops are critical in this market and must continue going forward to lock in profits. Indicators
My Swing Trading Approach Pre-market futures are lower, volume has been weak of late. I should have enough positions to carry me over into the weekend. Though, I will be on the lookout for any opportunities that are too good to pass ups. Indicators
My Swing Trading Approach I’m continuing with my cautious approach to the market right now. In the pre-market, the futures are slipping a little bit, so I’ll wait to see whether the market can bottom and rally higher. I don’t expect to add more than 1-2 new positions today, while maintaining profits in my current
My Swing Trading Approach Playing it cautious yesterday – added one additional play on the dip yesterday, but I am sitting on 80% cash, and if the market cannot rebound today, I will look to keep it that way today. Short plays at this juncture looks like a trap with the market’s low volume and
My Swing Trading Approach Good chance I will be looking to sit on my hands today, unless the dip buyers step in and aggressively buy up this market. Raise my stops to protect profits, and wait for an opportunity to present itself. Indicators
My Swing Trading Approach I am willing to add a new position to the portfolio today, but I have to be extremely “choosy” with my opportunities here, because the market is overbought, and I have little desire to add more exposure at the tail end, before seeing a normal market pullback. Indicators
My Swing Trading Approach I’m not opposed to adding more long exposure, but may wait for some consolidation in price or a light volume pullback first. Indicators
My Swing Trading Approach I am following the downtrend that the bulls are testing at the open today on SPX. Should it break, I will look to steadily increase my long exposure in the market, while protecting my profits in existing positions. Indicators