I learned from co-worker that our company’s 401(k) plan allows end-of-day trading. Previously I thought it would only post transactions once every month, which would make swing trade very hard. My plan is to select a few mutual funds as trading vehicles and swing trade them. Holding time will be weeks or months. The goal is to catch big trends. All cashes will be swept into GIC fund accruing interest daily.Sold 30% position on OAKMX at DOW resistence level 8500; OAKMX follows DOW closely; sell 1/2 position at next level 8700-8800 or if current uptrend reverses. Hold LSCRX which follows RUT closely. It’s still in uptrend.
Although the volume is not heavy, it has bullish bias.Closed GSF May 22.5P – it bounced back a little, but close to support and may reverse; added more SLB May 40P – is that breakout out of bull flag?; scaling out LOW May 42.5P
Nasdaq needs to break 1500 and DOW needs to break 8900. DOW has substantial resistence around 9000.
Long GSF May 22.5P, SLB May 40P, AMZN May 27.5P and LOW May 42.5P, MSFT May 27.5C; Short MSFT May 25C.