Swing/Position Trades

I am trading it long, but I have a quick trigger finger.

I don't doubt that a big rally could happen, but the summer is not the place for it. Late August or September maybe (of course I've been wrong before).
 
we have coming up:

1.) End of the month window dressing
2.) End of the quarter window dressing
3.) 4th of July

all somewhat bullish for large cap profitable stocks.
 
Originally posted by dgabriel
Unimpressive internals today, actually bad. Decliners far outpaced advancers across the board, unless my data is off.

Still holding all positions, but the selloff this afternoon is making me uneasy.
More...

But the Nasdaq 100 was 7/3 ratio in favor of advancers,very good if you are long, vol ratio was 8.5/5 up/down. And the Semis were just as well, except for certain segments, like memory. SP500 was about 1/1.
 
the breadth on the Dow 30 was positive and the breadth on the Nasdaq 100 was also positive. It was the breadth numbers on the Nasdaq Comp and the the NYSE that was negative. It was very focused dip buying in my opinion favoring the large cap well known names.

Also, MSFT and GE both made bullish engulfing patterns yesterday.
 
Entered the QQQs trade well, did not exit with profit. Really thought the market had 2-3 days bounce in it. This suggests to me stockholders are in a race to unload the boat and may produce a climax selling soon. WCOM news may help to this end.

Gonna take a point or so hit on it. SMH trade was +1.

JNJ.......

Looks like Nasdaq will hit September lows tomorrow, singing "Born Under A Bad Sign", and get no sympathy.
 
Still holding all my longs (with a small profit), but I honestly don't know what to do from here.

I bet you're on to something with the selling pressure. I question if the Dow will temporarily bounce off of 9000 or continue to sink like a rock on its way to 8500 (maybe lower).

One thing I feel for sure is that the summer will continue to be ugly.
 
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