Based on the recent string of distribution days, bearish momentum will likely cause the S&P 500 to undercut its 50-day moving average in the near-term.

The wide ranged, chop fest in the broad market over the past three sessions can be very dangerous to a swing trader's P&L and confidence.

Since breaking above the 10-week moving average and a seven-month downtrend line in mid-December, UNG has formed a tight-ranged consolidation while holding above the 10-week moving average.

Deron Wagner will continue to selectively take quick momentum trades, with tight stops and shorter than usual holding times, as he waits for the market's anticipated pullback.

Deron Wagner is being careful to avoid overtrading right now. When volume and momentum start returning to the market, he'll be prepared to take advantage of new opportunities.

Deron Wagner comments on monitoring the market for possible entry on a pullback.

The stock market is at least entering a short-term pullback mode which could yield fresh buy entries on the retracement.

A healthy correction in the broad market would provide some ideal, low-risk setups on the long side. Deron Wagner describes the two ways he likes to enter on pullbacks.

Deron Wagner is now focused primarily on buying strong ETFs that pull back.

Despite four straight days of gains in the S&P 500, the broad market has been largely apathetic since the new year began.