Market not bullish anymore

I have waited for a FED meeting to see market reaction. It is not very volatile yet. But the market is not in strong bullish trend anymore. It is neutral as the best But if it broke below yesterday lows, the situation will be negative.

What it means for a trader like me? That I want to be conservative. I am not going to trade aggressively and I plan to include also short sell trades into my setups. I plan to trade only the strongest stocks on the bullish side.

20140129_SP500_chart_analysis_from_simple-stock-trading-com

Stock watchlist for 26.1.2014

Bullish stocks:

ATK, AWK, BBEP, BXS, CSE, CSOD, DLB, EPD, EXR, MCK, MRK, NVO, PACW, PMC, PTEN, RDS-B, RLJ, TER, UMPQ, DXCM

Bearish stocks:

AKR, ALTR, APC, APU, AVB, BTI, CASY, CCI, CMS, CNP, CTRP, DGX, DTE, ED, ELLI, ETR, FLO, HME, LNT, LUK, OGE, PPO, PSA, ROSE, T, TEG, VZ, WGL, ZUMZ

S&P500 turned neutral and maybe negaive

The major S&P 500 index broke down both short and mid-term moving averages. The breakdown is accompanied with strong volume so it looks like serious selling from big investors. The first level of possible support is 1775-1785 area as shown on the chart below.

20140124_SP500_chart_analysis_from_simple-stock-trading-com

I do not want to turn to bear mode now, but I plan to be more cautious on both sides. A few days without action could also be the solution for this week.

AET – a pullback swing trade opportunity

I see a possibility on the AET chart for reversal and new move up. AET holds 70 USD level quite well, so it can bounce from here up to 75+ USD levels. Please check earnings date as it is in front of us.

20140124_AET_swing_stock_trade_setup

The entry is at 70.76, stop loss at  69,50 and target b 74,80