My Swing Trading Approach

I may add a new swing-trade to the portfolio today, but likely will stay put on a shortened, light volume trading session. 

Indicators

VIX – 4-day sell off stopped with a small bounce back up to 9.88. A total move of 1.5%.

T2108 (% of stocks trading below their 40-day moving average): Up 5 straight days to 53%. Could still be a dead cat bounce in that indicator. 

Moving averages (SPX): Trading above all the moving averages. 

Industries to Watch Today

Healthcare is making a legitimate recovery, while Energy, strong on Wednesday, still not an industry I am willing to get bullish on, at this point. Basic Materials is showing incredible bullishness over the last 4 days.

My Market Sentiment

Expect extremely light volume on a half day of trading.  

S&P 500 Technical Analysis

Current Stock Trading Portfolio Balance

  • 5 long positions

    • Recent Stock Trade Notables:

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