My Swing Trading Approach
I may add a new swing-trade to the portfolio today, but likely will stay put on a shortened, light volume trading session.
Indicators
VIX – 4-day sell off stopped with a small bounce back up to 9.88. A total move of 1.5%.
T2108 (% of stocks trading below their 40-day moving average): Up 5 straight days to 53%. Could still be a dead cat bounce in that indicator.
Moving averages (SPX): Trading above all the moving averages.
Industries to Watch Today
Healthcare is making a legitimate recovery, while Energy, strong on Wednesday, still not an industry I am willing to get bullish on, at this point. Basic Materials is showing incredible bullishness over the last 4 days.
My Market Sentiment
Expect extremely light volume on a half day of trading.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
Recent Stock Trade Notables:
