WEEKEND THOUGHTS ON THE SPX, DJIA, COMP, RUT, SECTORS
October 31st, 2009
| Categories: Market Minds, Weekly TA
All indices have formed stick sandwiches or modifications of them. I am short/intermediate-term bearish and will reflect this sentiment by incorporating my primary swing strategies with the current day trading. Day trading is great and all, but I’m looking to capture larger chunks of the moves. Also, it’ll ease up my time to focus on other things. A swing trade can be a simple overnight 2-day hold or a multi-week hold and everything in between. Charts shown are 9-mo and 5-mo. The SPX is short-term bearish and intermediate-term neutral as it is with most of the other indices. I’m looking for a 1-day neutral/reactionary move for entry.
See the original post:
WEEKEND THOUGHTS ON THE SPX, DJIA, COMP, RUT, SECTORS
Leave a comment
| Trackback