5-Day Moving Average Is Now Above All Major Moving Averages

My Swing Trading Approach

Looking to see if the morning gap up can hold early on. Multiple news pieces are hitting the market (Tillerson outster, CPI reading). I will look to add 1-2 new positions early on if the market holds it together. 


  • VIX - Broke its six day losing streak by popping 7.8% higher. Still elevated. 

  • T2108 (% of stocks trading below their 40-day moving average): Despite the slight market decline, T2108 managed to still climb higher, and finally crossed the 50% mark for the first time since early February. 

  • Moving averages (SPX): Trading above all the major moving averages. 5-day moving average is now above all other major moving averages. 

Industries to Watch Today

Utilities led the way yesterday, followed by Real Estate. Industrials and Financials were the two sectors that dragged the market lower yesterday. Technology still the best sector. 

My Market Sentiment

Ideally, a follow through yesterday would have been preferred for the bulls. Instead it managed to consolidate following Friday's move. Needs to break above February 27th highs quickly, before it becomes stubborn resistance. 

S&P 500 Technical Analysis

swing trading strategy report 157

Current Stock Trading Portfolio Balance

  • 4 Long positions

Click here to download my Allocation Spreadsheet. 

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