If you look at the market sentiment index below, you’ll see that we’re still in a phase where we need to stay on the defensive.
And the general market indexes confirm this.
If we look at SPY, completely erratic, QQQ is the same story. IWM …super choppy.
This isn’t exactly a favorable environment for swing trading, it’s more suited for short-term trades.
I’m still recommending staying in cash, but if you’re an active trader and want to stay engaged like me, then take trades with small positions, risking a maximum of 0.20%.
That’s exactly what I’ve been doing over the past few weeks.
The setups I’m proposing below are intended for long-term plays, but only and only if the price action confirms the thesis.
Keep in mind: we do not buy stocks in a downtrend; we do not buy stocks below the 200-day moving average; we do not average down; and we do not chase gap-ups or gap-downs.
And if we short, we short into a declining moving average.
With that said, let’s get started with this edition.
To see exactly when I buy and what I sell in real time, join the private Discord server. (*available only to PRO members)
This is my performance from previous years.
Copy my complete strategy and start trading these high-probability trades here:
High Probability Trades
Of all the tickers on my watchlist, these are my high-probability trades for the coming week.