Gap down this morning in the stock market! What are the considerations to swing trade this morning?

Looks like a gap down this morning for the stock market. All indexes are down close to 1/2 % an hour before the open.

Metals and Oil are off sharply. TLT is unchanged. Financials are mixed.

To me, this looks like a slightly negative premarket open. But there are a lot of conflicting signals this morning.

I made two swing trades yesterday for small losses in each. Typically its two trades and if they do not work I call it quits for my short-term swings. The open seems to be the best time to catch these moves so by the time the 2nd swing is done percentages go down.

I am still accumulating interest-bearing securities, the most I have had in awhile. Nothing long term however as the risk is too high with the fed in interest raising mode. And typically I prefer the actual bond or Baby Bond to ride to completion.

On the news front, it was not long to shift gears for the media. It was Russia and now its Montenegro. Honestly, I do not see you a person with an average intelligence or below can keep their sanity with the hysteria we are seeing now.

Let along the borderline mentally ill that are triggered by the 24/7 negative news. I fear the chances of actual violence breaking out increases daily.

This is something to keep in mind as you invest as there is nothing that happens at home and abroad that does not affect the stock market.

Not sure what my trading plan this morning is with the gap down but typically I like to look at the breath to see how serious the downswing might get. It’s not failsafe but its a nice tool to use as a guide. I will post any trades this morning.

If you want to follow some of my trades along with my thoughts typically given after the open you can go to @rickjswings. Typically I talk about the overall day expected with the markets and also give some levels on the ES and NQ for failed breakout scalping.

It’s my private twitter feed for the stock market and its free. Sports Handicapping is the subscription-based part of this site. But considering the cost of joining it’s almost free:)

Good Luck Today


RickJ’s Handicapping Picks

Skype: Ricca

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