Swing Trading Strategies & Stock Picks Since 2003

The S&P 500 has rallied approximately 24% since the March 6th lows, retracing nearly 80% of the downside move that started February 9th. The upside action has happened in a matter of 3 weeks as a result of massive short covering coupled with some genuine buy side interest.
At the moment, the path of least resistance is to the upside. That said, I feel the upside move is almost done, if not already done.
With that in mind, one must contemplate their trading strategy. Sure, you can continue to buy and hold, but in my opinion that's not the way to go. It's time to stick and move. In and out. Take profits when you are moderately satisfied with the gain, don't be greedy.
I am personally positioning myself in a moderately bearish manner, with some neutral and bullish positions in the mix. I like Iron Condor options spreads here, because it is my opinion that the market is ready to take a breather and volatility premiums in options are still high.
If you have any questions, I encourage you to ask them in the comments section. Remember that your trade strategy is solely up to you, but consider my viewpoint here.
Happy Trading,
Nick Fenton
President, Sr. Trade Strategist