Bulish Trade Setups For An Uncommitted Market

Bulls are trying to nudge their way back into the driver seat of this market, and so far it is working for them. 

Here's the thing, speaking from the technical aspect of trading, I really don't care about P/E's or what the analysts are saying about a particular stock or the market as a whole. What I do care about is there being a legitimate direction to this market. Even if it is range-bound, at least trade in a range that can experience some movement in price because right now, there is none of that going on. Instead, it is a flat, noncommittal market. So today's rally doesn't improve that at all, it simply keeps them market from breaking down while showing no intentions of wanting to break out to new all-time highs.

And I'd be lying if I didn't think that it had to do with the upcoming US election and for the establishment to ensure that the incumbent's part stays in office. Nor am I foolish to think that the Bank of Japan willing to let their currently strengthen against the dollar because they are not. 

So for now, picking good solid trade setups in this market is the only thing that matters. In the meantime, expect the market to continue trading in a whipsaw fashion and below you can find all my trade setups that I will be watching this week. 

bullish watch-list 8-29-16 trade setups swing trades

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.
Chee Hin Teh 3 years ago Member's comment

Thanks for sharing