Swing Trading Strategy - Monday, September 18

I will continue tightening my stops on existing trades so that the majority of profits are locked in. Also, I want trades with tight risk parameters, so that any new long positions avoid major impacts to the portfolio if the overall market reverses. 

Indicators

VIX - Likely it will see a sub 10 reading today. 

T2108 (% of stocks trading below their 40-day moving average) - Back over 60% finally. Huge improvement since the beginning of August. Long-term is still in a well-defined downtrend of lower highs. 

Moving averages (SPX ): Above all the MA's now - follow the 5-day MA for short-term direction. 

Industries to Watch Today

Industrials remains very strong, Energy continuing the rebound, Basic Materials looks top heavy, Technology, Consumer Defensive and Utilities all equals in their unfettered march to the upside. 

 

My Market Sentiment

Weary of the overnight risk that NoKo poses, not so much from a missile launch perspective but from failed Diplomacy that could lead to a military strike. As a result, I am still cautious about becoming too heavily long in this market. 

S&P 500 Technical Analysis

swing trading strategy report 37

Current Stock Trading Portfolio Balance

  • 6 long positions

Recent Stock Trade Notables:

1 2
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See my entire swing-trading past performance here

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