Swing Buy Signal #1 – 12/10 2021

Swing Buy Signal #1 – 12/10 2021

The Founder’s Group just nibbled on a swing buy with the SPY at 469. We used a January monthly expiration call debit spread. We targeted a 25% position with a 468.25 stop. Futures or purchasing cash shares are fine too, depending on your leverage tolerance. Yes, it feels like jumping into the deep end holding my nose. But when the market rallies on bad news, you do what you have to do.

AF Thornton

Website: https://tradingarchimedes.com

A.F. "Arthur" Thornton is an expert in logic, risk/reward quantification, market fractals, pattern recognition and asset class behavioral analysis with 34 years devoted to developing algorithmic and quantitative trading systems. In addition to trading his own capital, Mr. Thornton designs custom algorithmic and quantitative trading systems for a small and exclusive group of exceptionally qualified traders.


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