• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

Market Strength?

By Kurt Osterberg · On April 17, 2018

My Swing Trading Approach

I increased my long exposure yesterday, and may look to do so yet again today, should the market strength continue. Overall, the market conditions are picking up and becoming much more ideal for swing-traders. 

Indicators

  • VIX – Continuing to sell-off hard, and may see a retest of the March lows in the weeks ahead. Sold off 4.9% yesterday to close at 16.56. 

  • T2108 (% of stocks trading below their 40-day moving average): Best reading on T2108 since the sell-off in January began. Higher-high established on the chart and now 56% of stocks are trading above their 40-day moving average. 

  • Moving averages (SPX): Tested perfectly the 50-day moving average yesterday, but failed to break through – no major rejection in price though. Should see a gap above today. 

  • Industries to Watch Today

    Energy continues to be the market’s big winner of late. Financials lagged the market the most. Industrials was the strongest of all the sectors and is showing a rapidly improving chart.

    My Market Sentiment

    Breaking out of consolidation was huge for the bulls yesterday, but it was unable to break through the 50-day moving average. Look for a gap above the 50-day moving average at the open, and then pay attention to whether the bulls can hold on to the MA into the close. 

    S&P 500 Technical Analysis

    Current Stock Trading Portfolio Balance

  • 4 Long Positions
  • Print Friendly, PDF & Email

    Share Tweet

    Kurt Osterberg

    You Might Also Like

    • Finance

      Bored Ape Metaverse Launch Date set for April 30

    • Finance

      Celebrity Backed NFT Collections to Invest in 2022

    • Finance

      Bored Ape Metaverse Launch Date set for April 30

    No Comments

    Leave a reply Cancel reply

    Top Finance

    • 3 Best Large-Cap Blend Mutual Funds For Enticing Returns 3 Best Large-Cap Blend Mutual Funds For Enticing Returns
    • Hedge Funds In The US Hedge Funds In The US
    • What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage
    • 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement
    • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce

    New Posts

    • Bored Ape Metaverse Launch Date set for April 30

      Bored Ape Metaverse Launch Date set for April 30

      April 24, 2022
    • Celebrity Backed NFT Collections to Invest in 2022

      Celebrity Backed NFT Collections to Invest in 2022

      April 24, 2022
    • Bored Ape Metaverse Launch Date set for April 30

      Bored Ape Metaverse Launch Date set for April 30

      April 24, 2022
    • Mutant Ape Yacht Club Hits 32 ETH All Time High Price Floor

      Mutant Ape Yacht Club Hits 32 ETH All Time High Price Floor

      April 22, 2022
    • Rare CryptoPunk #7756 sells for $3.2 million (1050 ETH)

      Rare CryptoPunk #7756 sells for $3.2 million (1050 ETH)

      April 22, 2022
    • About
    • Contact Us
    • Privacy & Policy
    • Sitemap
    • Terms of use

    Copyright © 2018-2021 NJCEE. All Rights Reserved.