Swing Trading Signals | XOM, JPM, FCX, DIS

These are the rubber band swing trading strategy set-ups/signals I am looking at trading this week. Please do your own research and become familiar with the risks of trading stocks prior to investing.

XOM | 60-Minute Chart Short | Overbought?

Oil has been going up and so has XOM. A decent correction in this action is likely at some point soon but do not get run over be the freight train that is the current trend. Use the rubber band swing trade strategy to grab a slice of the short-term panic when the bottom appears to start falling out.

JPM | Weekly Chart Long | Will the banks join the rally?

Stocks seldom rally as a group unless the banks go along with them. Maybe they will, maybe they won’t – but if they do, consider grabbing your piece with this long set-up on the weekly chart.

FCX | Daily Chart Long | Here comes copper and FCX

FCX is right on the line for a buy on the daily chart so watch things closely. Only enter according tot he rubber band swing trading rules and do not chase if the stock gaps up beyond the entry target (as always).

DIS | Weekly Chart Long | Follow the market

DIS often trades right along with the broad stock market and it has been lately. Since there is no worse feeling than missing a major move, this would be a great way to make sure to profit if the market really takes off.