Swing Trading Strategy Report - Friday, Oct. 27

My Swing Trading Approach

Strength in the pre-market, will look to add another position to the portfolio today. 

Indicators

VIX - Traded, surprisingly, higher for a 4th consecutive day. Expect it to get squashed today. 

T2108 (% of stocks trading below their 40-day moving average): Down nine of the last ten tradning sessions. Here is my write up from yesterday about it

Moving averages (SPX): Failed in the last five minutes to recapture the 10-day moving average, and still below the 5-day as well. 

Industries to Watch Today

Technology - that is the main focus today. Nothing else really matters. 

My Market Sentiment

Tech earnings has everything Nasdaq-related, ready to rally. 

S&P 500 Technical Analysis

(Click on image to enlarge)

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Current Stock Trading Portfolio Balance

  • 4 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.
  • Nvdia (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
  • Nvdia (NVDA): Long at $170.45, sold at $187.94 for a 10.3% profit. 

Click here to download my Allocation Spreadsheet.

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