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
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.
