Swing Trading Strategy Report - Friday, August 4

Right now, I will probably limit the number of positions in my portfolio and stay as close to neutral as I possibly can until the market makes its move. Then I will foll along. 


VIX - Showed some life toward the end of yesterday's trading session - very interesting. 

T2108 (% of stocks trading below their 40-day moving average) - Falling apart! Now less than 50% of stocks are trading above their 40-day moving average (49%)

Moving averages: 5/10 MA bearish crossover yesterday. 

Industries to Watch Today

Financials - Today's hot industry

Technology - "meh!"

Energy - Falling apart again. 

Utilities - on fire! 

Retail - WMT nearing a short-term peak. Everything else searching for direction. 

Biotech - can't catch a bid.

My Market Sentiment

Yesterday's trading session, continued the up/down/sideways pattern where the dip buying ultimately leads to nowhere. The non-farm payroll number came in strong today. That will be great for the banks as they will anticipate more rate hikes in the near-term.

Large caps > Small caps.

S&P 500 Technical Analysis

(Click on image to enlarge)

swing trading strategy report 7

Current Stock Trading Portfolio Balance: 

  • 1 long position, 2 short positions

Recent Stock Trade Notables:

1 2
View single page >> |

Click here to download my Allocation Spreadsheet.

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.