My Swing Trading Approach

I'm choosing to stay flexible with my portfolio with a mixture of long and short setups. I don't have a high degree of trust in this market, so maintaining the ability to flip the portfolio folio in either direction is key here. 

Indicators

VIX - Same story every day - start higher, finish lower. Traded initially in the 14's, and finished at 11.70. 

T2108 (% of stocks trading below their 40-day moving average) - Breadth was poor yesterday with a 3% decline on the indicator and now only 37% of stocks trading above their 40-day MA. 

Moving averages (SPX): Finished the day back above the 5 and 10-day moving averages, but the 50=day MA continues to provide resistance the last 5 trading sessions. 

Industries to Watch Today

Tech has the most strength right now, semiconductors are setting up nicely as well. Media stocks are all setting up bullishly as well. 

My Market Sentiment

The market only can make a significant move immediately following a sell-off like what we saw yesterday. Right now, the market simply isn't moving in any one direction with any conviction.

S&P 500 Technical Analysis

Current Stock Trading Portfolio Balance: 

• 3 long positions, 1 short positions

Recent Stock Trade Notables:

• SPXU: Long at $14.68, closed at $15.42 for a 5.0% profit.
• Tesla (TSLA): Long at 365.09, closed 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, closed at $48.88 for a 1.8% loss. 
• SPXU: Long at $14.51, closed at $15.25 for a 5.1% profit.
• Zayo Group (ZAYO): Long at 32.91, closed at 33.83 for a 2.8% profit. 
• JP Morgan Chase (JPM): Long at $94.91, closed at $93.83 for a 1.1% loss.
• Bank of America (BAC): Long at $24.48, closed at $25.01 for a 2.2% profit. 
• Alibaba Group (BABA): Long at $151.69, closed at $153.43 for a 1.2% profit. 
• Salesforce (CRM): Long at $90.86, closed at $89.43 for a 1.5% loss. 
• Autodesk (ADSK): Long at $106.45, closed at $111.34 for a 4.6% profit.
• Bank of America (BAC): Long at $23.99, closed at $24.23 for a 1% profit. 
• IBB: Long at $313.18, closed at $324.25 for a 3.5% profit. 
• SPXU: Long at $14.82, closed at $14.58 for a 1.6% loss. 
• Alibaba Group (BABA): Long at $143.65, closed at $150.40 for a 4.7% profit. 
• American Airlines (AAL): Long at $49.26, closed at $51.84 for a 5.2% profit
• Intel (INTC) Short at $35.21, covered at $34.46 for a 2.1% profit. 
• Nvdia (NVDA): Long at $155.57, closed at $157.53 for a 1.3% profit. 
• IBB: Long at $298.24, closed at $303.74 for a 1.8% profit. 
• SPXU: Long at $15.68, closed at $15.25 for a 2.7% loss. 
• Whirlpool (WHR): Long at $190.46, closed at $195.19 for a 2.5% profit. 
• Ferrari (RACE): Long at $84.60, closed at $89.93 for a 6.3% profit. 
• Amazon (AMZN): Long at $964.70, closed at $1001.23 for a 3.8% profit. 
• American Airlines (AAL): Long at $49.18, closed at $50.62 for a 2.9% profit
• Alibaba Group (BABA): Long at $124.95, closed at $137.51 for a 10.1% profit. 
• Starbucks (SBUX): Long at $61.78, closed at $63.68 for a 3.1% profit.
• Western Digital (WDC): Long at $91.24, closed at $89.29 for a 2.1% loss. 
• Broadcom (AVGO): Long at $236.65, closed at $241.15 for a 2% profit.
• SPXU: Long at 16.60, closed at $16.98 for a 2.3% profit.
• JP Morgan Chase (JPM): Long at $87.84, closed at $85.98 for a 2.1% loss.
• Micron Technology (MU): Long at $29.00, closed at $28.04 for a 3.3% loss.
• Alibaba Group (BABA): Long at $116.25, closed at $124.09 for a 6.7% profit. 
• Southwest Airlines (LUV): Long at $58.35, closed at 57.23 for a 1.9% loss.  
• Broadcom (AVGO): Long at $223.63, closed at $228.65 for a 2.2% profit. 
• Workday (WDAY): Long at 86.00, closed at 90.32 for a 5% profit. 
• Univar (UNVR): Long at $30.96, closed at $32.20 for a 4% profit.
• Alibaba Group (BABA): Long at $111.91, closed at $115.48 for a 3.2% profit. 
• Redhat (RHT): Long at $85.21, closed at $87.21 foor a 2.4% profit. 
• Darling Ingredients (DAR): Long at $15.19, closed at $14.90 for a 1.9% loss. 
• Apple (AAPL): Long at $143.82, closed at $147.11 for a 2.3% profit.
• Teradyne (TER): Long at $31.16, closed at $33.03 for a 6.0% profit.
• UPRO: Long at $92.75, closed at $94.78 for a 2.2% profit.