Swing Trading

 

This I the first thing I check before placing a trade, I don’t want important news in the middle of the market, sometimes they are trend disrupting news

Nothing important tomorrow I guess

 

 

 

This is kind of unsettling for long trades

 

 

 

Maybe I’ll have my trade for 1 day, sometimes 2 or 3, no more than that, I never day trade, lack the time and skills

 

And this is the interesting chart, short term market momentum and short term volatility momentum, here we’d like volatility to turn down and momentum up for a successful long swing trade

 

 

 

Shalom

Hotels and Motels

 I have 5 Hotels in my Hotels and Motels Industry Screen, 3 of them closed up last Friday when the SP500 lost 2.28%, so I’m looking at candidates

 

 

 Now I don’t like going long at the open, I’d rather put a stop limit order up in case the market reacts favorably, its no bullet proof, more times than I want to remember the market open up and then close too much down, well that’s the business

 

Look at this chart of HLT, very well defined the support and resistance levels

 

 

 

Closing prices give a clearer picture, still not new lows

 

 

 

 

I’ll put a stop limit buy order at 124.40, that is 1.5% above Friday’s close, so in order to execute the group must explode higher

 

Target is at 128.90 giving a 3.6% profit, stop loss at 117.25

 

I still think with this high volatility we are not ready for longs, let’s see what tomorrow brings

 

 

Market Down movement seems not to end

 

Eventually it will end and the market will start up again, it is always like that, in the meantime since I prefer only going long for my swing trading I’ve been sitting on cash

 

Keeping an eye on the volatility, not very promising yet

 

My favorite indicator is the volatility divergence, rule of thumb is

Crossing below 0 line is long

Crossing above 0 line is short

 

 

My favorite indicator is the volatility divergence, rule of thumb is

Crossing below 0 line is long

Crossing above 0 line is short

 

 

 Blogger don't want to upload images, copypasted them

Shalom