Hi! I'm quite new to trading and this might sound like a stupid question but I will take my chances! When you are swing trader or position trader (or any kind of trader except day trader) do you prefer top-down or bottom-up approach? Imaginary example: I have found an excellent long candidate. Stock just breaked out from five weeks trading range with high volume, then pulled back and now is starting to shoot higher again. BUT when you look the index, it is pointing down and all the signals are saying --> wait. What should you do? Is it better to first analyze the index and if it says buy, only then analyze individual stocks for long candidates? OR do you take that long and forget about that index?