My Swing Trading Approach
Wait and see if the market wants to continue with the bounce off of the morning lows. If not, it will be a time to sit on my hands and watch.
Indicators
Industries to Watch Today
Consumer Cyclical was the best industry, with Technology nipping at its heels. All the major industries, minus utilities, demonstrated a healthy, and much needed bounce.
My Market Sentiment
Much expected bounce yesterday – and well overdue. Still 300 of the 500 S&P 500 stocks are oversold, and even dead cat bounces tend to last a few days. Anything is up in the air today though, and the futures suggest another wide range in the price action today.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
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