Swing traders can still find lot of opportunities in this market as long as you do not focus on the Indexes. Index weakness is not translating in to broad based weakness on individual stocks. A handful of stocks continue to attract buy interest. Especially the Nasdaq kind stocks have been largely unaffected by selling so far.
Swing traders will find lot of stocks are having orderly pullbacks or having low volume consolidations near their high. This indicates lack of aggressive selling and buyers willing to hold through correction.
Swing traders looking for 3 to 5 day trading opportunities on stocks with established momentum will find following setups interesting.