Opportunities In Tech Stocks Today


My Swing Trading Approach

I will look for opportunities in tech stocks today, if the early gap higher shows that it wants to hold. If not, I will look to play the market with a much more cautious approach. 

Indicators

VIX – VIX bounced 6.7% up to 10.7. Mainly due to the fears in tech stocks. 

T2108 (% of stocks trading below their 40-day moving average): Rose for the eighth time in the last nine sessions. at 60% now, and looking much more healthy. 

Moving averages (SPX): Trading above all the moving averages. 

Industries to Watch Today

Financials continued to lead the way yesterday, but the big news was the disaster in Technology – down 2.7% as a whole! Look for a bounce there today.  

My Market Sentiment

There is a lot divergences unfolding in this market, but price is king, and continues to march higher, regardless. 

S&P 500 Technical Analysis

Current Stock Trading Portfolio Balance

  • 3 long positions, 1 short position
  • Recent Stock Trade Notables:

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