My Swing Trading Approach
My portfolio is quite light going into the open. The bulls need to resume the uptrend here. If so, I’ll be a buyer, otherwise, I will flip to the short side.
Indicators
- VIX – 6% rally yesterday and back above 20. Possible we see a bounce here.
- T2108 (% of stocks trading below their 40-day moving average): A significant drop of 13%, back down to 28%. Caution is warranted here.
- Moving averages (SPX): Rejected at the 20-day moving average, lost the 50-day, but held the 5-day.
- RELATED: Patterns to Profits: Free Training Course
Industries to Watch Today
Technology was the only sector that finished higher yesterday. Energy still struggling to gain any traction in the market bounce. Consumer Cyclical and Financials held up very well. 
My Market Sentiment
Second day of seeing the 20-day moving average reject price. The bears have a chance here if they are going to resume the downtrend. Bulls need to pull it together and rally the markets today, otherwise, it may get very ugly again.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 2 Long positions
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.
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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.
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