My Swing Trading Approach

I’m not against adding new positions to the portfolio, but right now, the risk is not in the bulls favor. A near-term pullback at some point is likely, which will create better entry prices. Keep moving up those stops!

Indicators

VIX – Popped again yesterday for a third straight day, but gave up a large portion of the day’s gains. Currently at 9.52. Coin toss on what it does from here.

T2108 (% of stocks trading below their 40-day moving average): Up five straight days, but hardly moving higher. Still in the 67% range.

Moving averages (SPX): Currently trading above all the major moving averages.

Industries to Watch Today

Utilities led the charge today. May see additional bullishness again today. Financials and Healthcare struggled, but the charts still look strong on the daily. Technology is still soaring.

My Market Sentiment

It’s overdone, for sure. Yes, there is some profit taking around the corner. It could be today or five days from now. The key is to not place too high of expectations on the market here without a pullback of some kind first.

S&P 500 Technical Analysis

Current Stock Trading Portfolio Balance

6 long positions

Recent Stock Trade Notables:

US Steel (X): Long at 35.38, sold at 36.90 for a 4.3% profit.

See my entire swing-trading past performance here.

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Swing Trading the Stock Market

Welcome to Swing Trading the Stock Market Podcast!

I want you to become a better trader, and you know what? You absolutely can!

Commit these three rules to memory and to your trading:
#1: Manage the RISK ALWAYS!
#2: Keep the Losses Small
#3: Do #1 & #2 and the profits will take care of themselves.

That’s right, successful swing-trading is about managing the risk, and with Swing Trading the Stock Market podcast, I encourage you to email me (ryan@shareplanner.com) your questions, and there’s a good chance I’ll make a future podcast out of your stock market related question.

Emotional trading will destroy one’s portfolio. Aiming to hit home runs with every trade is a sure sign that the trader is overly emotional and only cares about fast money. In this podcast episode Ryan explains how chasing after stocks like MicroStrategy (MSTR) without a plan for managing the risk can ultimately ruin a trader’s attempt at being a successful swing-trader.

Be sure to check out my Swing-Trading offering through SharePlanner that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists, reviews and regular updates on the most popular stocks, including the all-important big tech stocks. Check it out now at:⁠⁠⁠⁠⁠⁠⁠ ⁠⁠https://www.shareplanner.com/premium-plans⁠⁠⁠⁠⁠⁠⁠⁠⁠

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– The Winning Watch-List —⁠⁠⁠⁠⁠⁠⁠ ⁠https://www.shareplanner.com/winning-watchlist⁠⁠⁠⁠⁠⁠⁠⁠

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🛠 TOOLS OF THE TRADE 🛠

Software I use (TC2000):⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠https://bit.ly/2HBdnBm⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.