S&P 500 Outlook, for Swing Traders, as Stock Market Falls

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S&P 500 ETF with AD Line and stocks above 50-day MA Feb. 25 2020
Here are some tools and tactics swing traders can use to determine when it is time to starting swing trading on the long side again. The major indexes have fallen this week, with the S&P 500 off its Feb. 19 high by about 6% in morning trading on Feb. 25. I am trader. Any analysis I do on the indexes is not meant to forecast the market per se, but rather give myself a framework…

Two Currency Pairs at Major Support Levels (EURCHF, EURGBP)

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EURCHF hourly at major support Feb 18 2020
The EURCHF and EURGBP are near major support levels and present trading opportunities. Here are some ways to trade them One of my main strategies to look for trades near major support or resistance levels. There are a few different parts to the strategy. The first is isolating a major or important level. The price then needs to move to near that level. I like to wait for the price to consolidate near the important…

US Stocks Recently Added to My Swing Trade Watchlist

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These are stocks recently added to my watchlist. They include CTVA, SE, DCPH, AYX, and AVLR. Each weekend (or two) I go through my scanners and write down stocks that are close to my criteria for triggering a trade. This is the “uncut” list. I then go through my watchlist and actually look at whether each trade has a decent reward:risk profile, and will reassess the actual chart. Sometimes a stock that isn’t so good…

Anticipate Where Price Will Be To Become a Better Trader

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MSCI consolidation break outs Jan 29 2020
There are lots of differences between successful and unsuccessful traders. One of those differences is anticipating where the price will be so you can make a plan, as opposed to what many want-to-be-traders do, which is come up with an idea and then expect the price to do what they want. If you anticipate where the price is going to be before you trade, you are going to put yourself in a much better position…

Gold and Gold Stock Outlook as the Price Consolidates Awaiting Next Move

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gold stocks 1-year performance
Gold is in an uptrend. It started out the year with a flurry to the upside, but since Jan. 9 has traded sideways in a relatively tight range. Silver experienced the same early-in-the-year rally but has drifted lower since. From a trading perspective, a tight consolidation—like the one occurring in gold—is favorable. While there is a potential for a false breakout or two, these types of patterns tend to provide high reward:risk trading opportunities. Given…

Gold is Strong, the Mining Stocks Aren’t

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gold verus GDX ETF
On December 26 I wrote about a breakout in gold and mining stocks. I posted a list of stocks to watch for breakouts to the upside. Yet, while gold continued higher, the miners flatlined and then dropped right after. I put out a couple of trades, they popped, and then quickly failed. I got out with tiny profits (moved stop loss just above entry price), because it is a warning sign when gold is rallying…

Some Big Forex Trades to Watch For (EURAUD, USDJPY, EURPLN, CADJPY)

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EURAUD consolidating near support Jan 4 2020
There are currently some big patterns that are at risk of being broken, or holding, on various forex pairs. The nice thing about a currency pair at an important level is that no matter which way it goes there is a trading opportunity and the potential for a big price move. EUR/AUD Triangle and Channel The EURAUD daily chart is testing both the bottom of a rising trend channel and the bottom of a triangle…

Gold and Gold Stocks Break Out

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gold breakout on daily chart with COT data Dec 26 2019
On Dec. 23 gold broke out of a consolidation to the upside. This was confirmed on Dec. 24 when gold rallied 1% more. As of mid-day trading on Dec. 26 gold is up another 0.7%. Silver took off to the upside one session sooner, on Dec. 20. The GDX/GLD ratio, which measures the performance of gold miners versus the gold ETF, had a sharp turn on Dec. 23 and continued higher on Dec. 24 for…

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