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. 


  • VIX – Lost about half of its gains on the day, but still a major day to the upside with a 20% move. Closed just below the all-important 20, despite reaching near 22 intraday. 
  • T2108 (% of stocks trading below their 40-day moving average): A 12.3% decline yesterday, pushing the indicator back to 43%. All things considered, the indidicator is holding up quite well. 
  • Moving averages (SPX): Sliced right through the 10, 20, and 50-day moving averages. Found support at the 100-day moving average. 
  • Industries to Watch Today

    Energy more than reversed Friday’s gains by leading the way to the downside. Technology was right behind. Utilities and Financials were the strongest sectors. 

    My Market Sentiment

    Pre-market acts as if it wants to bounce, but we have seen plenty of bounces fade once the market opens. Yesterday’s sell-off was on low volume, which doesn’t provide a strong level of confidence that the sell-off wants to extend itself further to the downside.   

    S&P 500 Technical Analysis

    Current Stock Trading Portfolio Balance

  • 100% Cash
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