Swing trade with the percentages

This is a fair enough indicator for swing trading

Take a look at the SPY and the crossing of the percentages

The percentages

Two of my favorites sectors to trade are banks and transportation stocks, why, certainty, you see, is very unlikely that a bank whose stock you are long fails a Food and Drugs Administration test sending the stock 50% down in minutes, also if you are short, a transport company is not going to invent the internet or something, doubling or tripling the price quickly. Most of the times I avoid tech and biotech stocks.

Now with that preamble, take a look at the charts:

In the general market we are seeing an increment in volatility, of course that in itself is not conclusive, only meaning you have to tight your stops and start looking for some shorts, but still cautiously

Even though the majority of stocks as of this moment are undecided about up trending or down trending, still the percentage of stocks in an uptrend is above the percentage down trending, generally speaking.

Banks are behaving almost in tandem with the general market, volatility increasing but stocks in an uptrend surpassing those down trending.

So with banks and every group is like that, look for alignment of volatility and trend tendencies, right now, I lean a little bit to the downside, let’s wait for next week action, these are only probabilities, people will decide.

Transportation stocks are starting to going down, will it hold?