My Swing Trading Approach
I may look to add another 1-2 long positions to the market today, but the parabolic nature provides a great deal of concern for me going forward, and how long this kind of momentum can be sustained.
Indicators
Utilities and Real Estate continue to falter, with the former more than overdue for a bounce. Consumer Defensive plodding along, not overbought. Energy, Cylical, Financials, Industirals, Basic Materials, healthcare and to a lesser extent, Technology are all parabolic and rising in an unsustainable manner.
My Market Sentiment
The gap being seen this morning, could result in an exhaustion gap leading to some sideways price action over the coming weeks. Stay tuned.
Current Stock Trading Portfolio Balance
Recent Stock Trade Notables:
