My Swing Trading Approach Some resistance lingering overhead that I note below, and providing issues for the overall stock market. I will consider adding another position to the portfolio today, but won’t allow myself to stretch too far out. I will look to protect profits on existing positions as my #1 priority. Indicators
My Swing Trading Approach I added and subtracted from my portfolio yesterday. While, I would like to still be in an oil play going forward, I don’t want to be in one ahead of Trump’s Iran announcement. I’ll likely play it cautious ahead of the announcement at 2pm eastern. Indicators
My Swing Trading Approach I’m taking as much from the market as it is willing to give. Meaning, I am not overly committing to the long side, but if there are opportunities to take advantage of, I am going to take them, while raising stops to protect existing profits. With recent market choppiness, I want
My Swing Trading Approach Similar to yesterday, I will take a very cautious approach with this market. Less is more in this market and I do not want to rapidly increase my long exposure with such incredible uncertainty. Only under very bullish circumstances today, will I add additional long exposure to my portfolio. Indicators
My Swing Trading Approach I expect to remain light on my feet today, as the bulls are struggling, and I do not want to add more long exposure in this kind of market. I will be raising the stops on existing positions this morning to help secure profits. Indicators
My Swing Trading Approach I remain cautious here, as the bulls are struggling to rally the market substantially higher. Plenty of choppiness in the market. I don’t see myself adding any more than 1-2 new positions to the portfolio if conditions permit. Indicators
My Swing Trading Approach Caution is warranted here, as the market may give up the gains of the past three days. It is important to make the market prove itself here to you, and not front run any anticipated market bounce. Let the market show you it wants to bounce first. Indicators
My Swing Trading Approach I am 100% cash at the moment, but will give the market some time this morning to determine the direction it wants to take. I will follow the trend of the market today and trade accordingly, while keeping my exposure small for now. Indicators
My Swing Trading Approach I went 100% cash once the selling began yesterday. Late day sell-offs are making this a very difficult market to rely on here. Trading a small number of positions is a must here. Indicators
My Swing Trading Approach There is a solid possibility that I put a couple of short positions to work today. Plenty of trade setups to the downside are out there, and bears may be hitting the end of this dead cat bounce. If not, then I will look to continue playing the long side.