Swing Trading Strategies & Stock Picks Since 2003

We still believe that there could be more to the pullback. If you look at the the bar from Wednesday (September 1st) of last week, (the breakout bar) in the S&P, the bottom of the bar has not had a strong push up, in otherwords, it lacks a nice wick. This may mean we could see a retrace to that bar. Maybe not to the bottom of it, but somewhere in it. Plus, many stocks (especially the SPDR sectors ETF's) are also showing similar patterns. So, to make things simple, we think the market could still see a retrace and better buying opportunities for many stocks. We cannot see too many strong bearish signs as of now. This doesn't mean the markets cannot become bearish quickly. It just means, that for now... we think there will be better opportunites from the long side to buy stocks on a pullback when the S&P reaches between 1077 to 1063. We are not giving shorts sell stocks because we are unsure of shorting right now. If you were to short we think it 's good to take profits quickly. The market could still rally. We still think there is a stronger up bias than down.