The Swing Man section is devoted to swing traders. Swing trading is a method of buying and selling stocks that tries to make gains within one to four days.
Swing traders act quickly to capitalize on stocks that have the extraordinary potential to move in this short time period. Day traders are often the best swing trading, whereas institutions trade in sizes too large to move quickly in and out of stocks. Individual swing traders can exploit short-term moves without competing with major players.
Swing traders use mostly technical analysis rather than fundamental data (the intrinsic value of a stock). They are more interested in a stock's short-term price momentum, price trends, and its patterns. They hold positions for longer times than day traders, who sell within the day, and for shorter times than trend traders, who hold for anywhere between a few weeks or even months.
The short term trend is now down with the market making lower lows and lower highs. Tomorrow, the government reports GDP so this may produce a reaction. Bigger picture the SPX has support at the 50 day MA (1081) with resistance overhead at the 200 day MA (1112). We have had several nice setups on the watchlist (also mentioned in the newsletters) so please make note of these ahead of time. Have a great evening.
The Swing Man section is devoted to swing traders. Swing trading is a method of buying and selling stocks that tries to make gains within one to four days.
Swing traders act quickly to capitalize on stocks that have the extraordinary potential to move in this short time period. Day traders are often the best swing trading, whereas institutions trade in sizes too large to move quickly in and out of stocks. Individual swing traders can exploit short-term moves without competing with major players.
Swing traders use mostly technical analysis rather than fundamental data (the intrinsic value of a stock). They are more interested in a stock's short-term price momentum, price trends, and its patterns. They hold positions for longer times than day traders, who sell within the day, and for shorter times than trend traders, who hold for anywhere between a few weeks or even months.
Swing Man Market Recap and Stock Picks:
Thursday July 29th Market Recap
The short term trend is now down with the market making lower lows and lower highs. Tomorrow, the government reports GDP so this may produce a reaction. Bigger picture the SPX has support at the 50 day MA (1081) with resistance overhead at the 200 day MA (1112). We have had several nice setups on the watchlist (also mentioned in the newsletters) so please make note of these ahead of time. Have a great evening.
Presented By Steve Nelson and Matthew Frailey