Monday was a rather begnin day for swing trades. For the first time in a while there were no alerts triggered from the Trade Setup list. The existing alerts will remain in force and I have added a few more for today. The market still remains dangerous for swing trades as it searches for direction. As they say, there will be no bell ringing when we hit a bottom and as in yesterday, when everyone is expecting something (follow through to the upside) the market usually doesn’t oblige. The Big Picture on market thoughts have been updated here.
We can go either way from here so Ifor today I have aded 3 short setups to the Watchlist. PWRD, YGE and TSL short.
PWRD short under 36.35
YGE Short under 12.30
TSL Short under 22.10