My Swing Trading Approach
I remain 100% cash for a second straight day. I would like to add some long or short positions, but I need the market to lead the way. Right now it isn’t doing that.
Indicators
- VIX – It gave back its gains from the day prior, by declining 4.3%.
- T2108 (% of stocks trading below their 40-day moving average): Flat day in the market resulted in a flat day for this indicator. Overall a bull flag pattern on its daily chart.
- Moving averages (SPX): Still holding the 50-day moving average but well below the 20-day and 50-day moving averages.
- RELATED: Patterns to Profits: Free Training Course
Industries to Watch Today
Energy bounced back a small amount yesterday, followed by Cyclical and Industrials. Real Estate, Communication Services, and Utilities lagged the market. 
My Market Sentiment
The market’s direction should become more clearer, once the FOMC Statement is out today at 2pm eastern. Until then, I expect the market to remain quiet.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 100% Cash
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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*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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