My Swing Trading Approach
I added and subtracted from my portfolio yesterday. While, I would like to still be in an oil play going forward, I don't want to be in one ahead of Trump's Iran announcement. I'll likely play it cautious ahead of the announcement at 2pm eastern.
Indicators
Industries to Watch Today
Technology was the market leader for a second straight day, followed by Real Estate and Industrials. Energy saw a massive sell-off heading into the close and lost its place as the market leader. Massive shooting star candle pattern in energy stocks right now, to be concerned with. Utilities and Staples continues to struggle, with the latter being the most bearish of all the sectors.
My Market Sentiment
Until a Trump tweet came out in the late afternoon, the market was holding up quite well. With Trump's Iran announcement coming up at 2 pm eastern, there may be some volatility. I suspect that Trump will pull out, but how the market will react is anyone's guess.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
