Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: 10
DOW: 96
NASDAQ: 20
Rus2K:
TSX/S&P:
$VIX: -0


Internals:

Core Sector List: 13/3

- NYSE -
BREADTH: 2.3/1
AD LINE: 1400

- NASDAQ -
BREADTH: 2.4/1
AD LINE: 780

Today on the Marketbeat:

With the looming Black Monday so etched into traders mind for October, the trading got off to an interesting start for this week as the bulls once again stepped in to push the market to new highs again for 2009. Frustrating for us swing traders not being able to get good pullback opportunities but this has become a traders market. So what can Swing Traders do, especially option traders?

here is something that I've come up with being a swing trader. First build and maintain a solid watchlist of stocks that you are comfortable with. Maintaining this watchlist, keeping the ones that are setting up or pulling back is a key aspect of this. Creating alerts would also be a good thing to do to keep the emotional aspects away from your trading. Once the alert goes off, and assuming the market is in accordance with the trade, all you have to do is pull the trigger. Also in times like this were we have to be on point with our options trades, keeping an eye out for cheaper stocks with cheaper options would also be good because if your initial analysis isn't correct than your taking less of a loss than on a expensive stock with alot of implied volatility.

The last thing to do is to keep your head in the game, if the market isn't setting up for you, don't lose your head over it, go enjoy the fall foliage; play some sports or just enjoy a good movie...One of the worst things I've engaged myself is sitting in front of the screen and dwelling on a play that might be moving that I probably would of never taken in the first place, it just ruins your chances of finding and acting on another good trade.

The market is fast approaching the 50% fibo retracement from the lows to the highs from the recession so stay nimble.

Happy Trading