My Swing Trading Approach

The bulls managed to hold the breakout to all-time highs, and at this point there is little reason to be attempting a short on the stock market. I will look to add one more swing-trade position today. 


  • Volatility Index (VIX) – Huge divergence in the VIX yesterday, where despite a significant rally in the indices, the VIX managed to still rally 0.9% yesterday to 11.93. Not surprising really, considering how big of an unexpected sell-off it had the day prior. 
  • T2108 (% of stocks trading above their 40-day moving average): A substantial rally yesterday of 10.6%, sending the indicator back to 53% – a break of the two week range it had been in prior. 
  • Moving averages (SPX?): Currently trading above all the major moving averages. 
  • Sectors to Watch Today

    A rare day of late where all the sectors traded higher on the day. Staples were the market’s big winner, which hasn’t done anything but sell-off over the past week. Uptrend off the May lows remains intact. Financials continues to rally higher and finally broke out of the base it had been trading in since April. This is a big move for the sector worth taking notice off. Materials looking at confirming a double bottom pattern here, though it is over extended in the short-term. Technology showing signs of wanting to push towards its all-time highs again.

    My Market Sentiment

    Hard not to be bullish, when the market is printing new all-time highs, yet again. However the bearish wedge shown below still looms large on this market. No action necessary until it breaks to the downside. 

    S&P 500 Technical Analysis

    Current Stock Trading Portfolio Balance

  • 4 Long Positions
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