Swing Trading a Triple Top in Exxon Mobil Stock – XOM

Triple tops tend to be quite clear and distinct, such as the formation we see in XOM from June 21 to July 12, 2019. A bearish pattern, the challenge can often be finding an appropriate price target. Plus, going short from a breakout of a tall pattern, the...

Swing High and Low Levels 7.28.19 – U.S. Indices

These are basically swing high and swing low points for the S&P 500, DJIA, and Nasdaq. Because the indices are at all-time-highs, swing high points for all time frames are based on the Daily swing highs. Again, these are just reference points for any trader who...

Market Shorts

Is This What Has Got the Fed So Spooked?  Source: Zero Hedge “Over the last week, multiple Fed officials have surfaced to suggest the Fed needs to start cutting interest rates right now. Indeed, on Thursday, John Williams, who runs the NY Fed (the branch in...

The Wisdom in Sitting Tight and Picking Easy Targets – FTNT

A famous quote from Jesse Livermore: “It never was my thinking that made the big money for me. It always was my sitting…Men who can both be right and sit tight are uncommon.”   I begin with this quote because it touches upon a basic attribute of swing trading,...