If you glance at the indices, you wouldn’t realize the market is actually fairing poorly today. Breadth is actually negative VIX is trading 3.5% higher The percentage of stocks trading above their 40-day moving average is declining. Technology is trading lower Small Caps are in the red
My Swing Trading Approach Stocks have rallied for a good three days, at this point, I want to move my stops up while being careful about how much additional exposure I take on right here. Indicators
My Swing Trading Approach I am concerned with whether Tech will fall apart again and drag the rest of the market down with it. If that is the case, I will look at a more cautious approach to the market today. Indicators
My Swing Trading Approach I am watching the follow through today, to see if this bounce has any legs. I’ll add additional positions, should the right opportunity arise. Indicators
My Swing Trading Approach I have a balanced portfolio at this moment and need to see whether the bulls can bounce this market or not, before adding additional long positions to the portfolio. Indicators
My Swing Trading Approach I need to see this market demonstrate some follow through on yesterday’s rally that pushes price action back to or near its all-time highs. Indicators
My Swing Trading Approach I’m looking to add 1-2 new positions today, but will remain cautious in the early going, which is where the market has been the most vulnerable to sell offs, recently. Indicators
My Swing Trading Approach I’m not looking to be a hero, in terms of feeling some altruistic need, to buy the dip today. Instead, I’ll raise my stops, take my profits where necessary, and let the market decide the next move. Indicators
My Swing Trading Approach I’m still cautious towards this market while it still works off overbought conditions. More sideways trading could be in the cards, and I don’t want to overload my portfolio with long positions. Indicators
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