Professional swing trading methods

The Foreign Markets Nikkei was up last session first time in several trading sessions U.S. Stock Market still keying off the Nikkei Make sure you monitor the Nikkei before the U.S. Stock Market open

The Fundamentals Investors were speculating that unemployment numbers were going to be bullish

Report beat expectations this morning Roughly 175,000 jobs were added last month More people started looking for work Analysis expect Fed stimuli to continue for few months

Market Internals 2 stocks rose for 1 decline on average today Markets drop few days ago was internally just a small correction Market rallied hard after hitting 1598 support level

Many traders believe we will test high but not break it

Stock Market Intraday View

Sell If Market Hits 1630 Level On Monday

Stock Market Daily View

Market should remain in this channel for a few more days minimum Day Traders can take advantage by selling resistance and buying support

The Gold Market Is Slipping Again

We will look to sell gold stocks and futures next week

Current Positions – MGA

Stock Rallied To New High Today – Exit Target $70.00

CURRENT SHORT POSITION PFE

Market rallied over 200 points and the stock closed up just a few cents. This stock follows the market substantially so a weak close tells a lot.

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