My Swing Trading Approach
I lightened up my portfolio yesterday, following the pullback, and booked 5% in my trade in Anadarko Petroleum (APC). The market remains bullish overall, and will look to add 1-2 new positions today
Industries to Watch Today
Energy is starting to look tired, plus a Donald Trump tweet this morning will likely weigh on the sector. Financials made a strong comeback yesterday, and made a secular move against the overall market action. Staples look incredibly weak and may see further downside.
My Market Sentiment
Light volume pullback yesterday, though more volume than what was seen each of the previous three trading sessions. Tested and held the 50-day moving average. I’m not concerned by yesterday’s pullback at this point, but I am looking for a bounce here, today.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance