My Swing Trading Approach
I added one new position, while subtracting another, Bank of America (BAC), for a 4.2% profit. I will look to add one additional position before the end of the day today, should the market hold up.
Industries to Watch Today
Technology and Financials led the market higher yesterday, while Industrials and Healthcare did quite well too. Utilities saw a significant amount of selling yesterday, and is on the verge of breaking down and ruining the bullish basing pattern it had been working on.
My Market Sentiment
The 20-day moving average was broken yesterday, which was a big deal, as that moving average had previously served as significant resistance. The looming Syria attack is looming large on the market, and while the market is showing a strong amount of bullishness right now, the headline risk could easily change that.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance