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For determining the swing trade profit potential, I roll back to a weekly chart to take my read.
FORBES: POT Still Toast
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More importantly, the consolidation of the last several weeks was taken out, and a swing trade is on its way.
FORBES: Five Stocks For Riding This Market Rally
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So long as XLF remains above that level, it would seem to be more of a buying opportunity, at least for a swing trade.
FORBES: Chart: Bank Stocks Poised For Short Term Rally
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As troubling as his pandering to the left on trade is his swing to the right on taxes.
ECONOMIST: Mitt Romney��s economics
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Admittedly, the trade figures always swing around wildly, and this fall was due more to a fall in imports than any surge in sales abroad.
BBC: Quantitatively more easing from the Bank
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But Sandor Levin, the Michigan Democrat who had originally proposed such a watchdog commission, said the plan could swing another 20 Democrats over to supporting the trade deal, enough to ensure its passage through Congress.
BBC: Enforcement plan to appease China critics
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But the Dow industrials stormed back from a more than 82-point drop to trade firmly in the black, staging their biggest swing from negative to positive territory in nearly six months.
WSJ: Stocks Shake Off Fed's Dour View
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An analysis of voters in 50 competitive districts by Stanley Greenberg, a pollster, showed that Republicans' support of trade was one of the main factors that put off swing voters.
ECONOMIST: Is economic populism on the rise in the Democratic Party?
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Many Democratic voters--particularly in economically brutalized swing states like Michigan, Ohio and Pennsylvania--worry that free trade agreements are causing American jobs to move overseas.
FORBES: Trade Winds Blow In Denver