Where is the stock market going from here?

Stock market update for swing traders.

The stock market mostly saw sideways movement last week (again). A breakdown in price with a sharp sell-off is possible for next week.

Warning – stocks are risky investments. Consult with a professional advisor and learn about the risks of trading before making a decision involving stocks and other markets.

Stock Market Update | Short Term Swing Traders

Expect continued sideways movement and a possible sell-off. Be prepared to trade appropriately as dependent as to the action that commences. Don’t trust Mondays.

If price ejects downward below last week’s low price, take trades that set up to the short side through the remainder of the week. If price does not break this support, be prepared for more choppy action that might be difficult to trade.

Click the chart to enlarge.

Stock Market Update | Medium Term Swing Traders

Be ready to abandon long-sided trade positions if price broad stock market action breaks support. If price remains range-bound, consider selling short term options against your positions for the added income.

Stock Market Update | Long Term Swing Traders and Investors

Stock market price continues to trade below the 200-day moving average. Long term traders should avoid stocks. Very long term savers should consider periodic accumulation for dollar cost averaging.