Elite Swing Trades

[SwingKing]

I spent a lot of time on the keyboard this weekend. My guess would be I sent out maybe 50+ feelers just to see if my initial thoughts were being backed up by jokers not coming off the bench. There's some very difficult calls that early week players are going to have to make if they want to catch every micro move offered this week. I'm a little more interested in catching the larger moves that are either going to confirm early on or possibly require a bit of patience if we head higher out the gate or early on in the week. I'm not being wishy washy but I am trying to be more selective in making my entries/exits. I'm taking this position because my goal is to hopefully make swing trades we can hold longer or a minimum make entries that have identifiable stops as close to those entries as possible.

So while I do think a larger pullback is in the cards how we get there is not an easy call "AT THIS POINT". If we don't get clearly bearish signals early in the week, which is very possible, we could climb 50 points before I can say with clarity the drop is upon us. It's the end of the quarter and big money is trying to position itself to take advantage of what the commercial traders clearly believe will be a larger drop.

So what I'm saying is we could see some sideways whipsaws in a series of smaller moves before I can say we certainty it's time for the EST traders to short the market. Of course we can do that in a variety of different ways so my plan is to provide you guys with those options while we wait for clear support/resistance signals. I'm not saying I don't intend on playing any of these whipsaws but I'm certainly not going to try and catch every single high and low. I'm just getting tired of making plays too early or too late and trying to play catch-up when all I really had to do is practice some discipline and following some basic swing trade strategies.

My point is that we can chose to play the best set-ups in whatever market,sector, commodities, or individual stock we choose instead of trying to impose our will on plays that haven't given us a clear path for a longer term swing trade.