My Swing Trading Approach

I have plenty of flexibility to play the market in either direction, depending on what the market ultimately wants to do. Only way I will get short is if the market shows signs of breaking down. 

Indicators

VIX - Some strength over the last two days. up 4% and at 10.31. 

T2108 (% of stocks trading below their 40-day moving average): Pushing lower 5 of the last 8 trading sessions. Currently at 68%, off its high of 78%.

Moving averages (SPX): 7 days straight, SPX has tested the 5-day moving average. So far it has held, but how many more tests before it ultimately breaks. 

Industries to Watch Today

Health Care sporting the bull flag pattern. Utilities trying to bounce following a two-day slide. Financials on the verge of a pullback, while Industrials at the bottom side of recent consolidation. 

My Market Sentiment

The last two weeks have been as dull as a market can possibly be. Need a definitive move in one direction or the other to break this market out of the malaise it is currently stuck in. 

S&P 500 Technical Analysis

Current Stock Trading Portfolio Balance

• 3 long positions

Recent Stock Trade Notables:

• Lam Research (LRCX): Long at $185.23, sold at $192.24 for a 3.8% profit.
• Starbucks (SBUX): Long at $55.59, sold at $54.94 for a 1.1% loss. 
• Illinois Tool Works (ITW): Long at $148.63, sold at $151.23 for a 1.8% profit.
• Nvidia (NVDA): Long at $180.18, sold at $187.38 for a 4% profit. 
• Olin Corp (OLN): Long at $34.37, sold at $36.14 for a 5.2% profit.
• Lowe's (LOW): Long at $77.97, sold at $81.52 for a 4.6% profit
• IBB: Long at $330.91, sold at $338.25 for a 2.2% profit. 
• Seagate Technologies (STX): Long at $34.35, sold at $33.89 for a 1.3% loss. 
• Wynn Resorts (WYNN): Long at $149.65, sold at $147.14 for a 1.7% loss. 
• Imax Corp (IMAX): Long at $23.03, sold at 22.26 for a 3.3% loss. 
• Marriott International (MAR): Long at $106.26, sold at $108.26 for a 1.9% profit. 
• Alibaba Group (BABA): Long at $170.63, sold at $170.29 for a 5.0% profit. 
• Workday (WDAY): Long at $106.91, sold at $104.90 for a 1.8% loss. 
• Nvidia (NVDA): Long at $170.45, sold at $187.94 for a 10.3% profit. 
• Tyco Connectivity (TEL): Long at $80.15, sold at 82.58 for a 3% profit. 
• Netflix (NFLX): Long at 177.75, sold at 182.30 for a 2.6% profit. 
• Micron (MU): Long at $31.12, sold at $31.94 for a 2.6% profit. 
• WYNN Resorts (WYNN): Long at 138.20, sold at $141.37 for a 2.3% profit. 
• Netflix (NFLX): Long at $168.69, sold at $173.06 for a 3% profit. 
• PSQ: Long at $39.28, sold at $38.34 for a 2.3% loss. 
• SPXU: Long at $14.68, sold at $15.42 for a 5.0% profit.
• Tesla (TSLA): Long at 365.09, sold at 356.15 for a 2.4% loss. 
• United Parcel Service (UPS): Long at 113.58, sold at $114.74 for a 1% profit.
• First Solar (FSLR): Long at $48.07, sold at $49.10 for a 2.1% profit. 
• Facebook (FB): Short at $168.31, covered at $170.62 for a 1.3% loss. 
• SDS: Long at $49.81, sold at $48.88 for a 1.8% loss. 
• SPXU: Long at $14.51, sold at $15.25 for a 5.1% profit.
• Zayo Group (ZAYO): Long at 32.91, sold at 33.83 for a 2.8% profit. 
• JP Morgan Chase (JPM): Long at $94.91, sold at $93.83 for a 1.1% loss.
• Bank of America (BAC): Long at $24.48, sold at $25.01 for a 2.2% profit. 
• Alibaba Group (BABA): Long at $151.69, sold at $153.43 for a 1.2% profit.