My Swing Trading Approach
I am only 30% to the long side. I will manage the risk on those three positions and likely be back all in cash early on. I may short the market today, but the large gap down makes it quite difficult to do so.
Indicators
- VIX – Down 1.9% yesterday, and recovered off of the lows of the day. Poised for a move back above 20.
- T2108 (% of stocks trading below their 40-day moving average): Up in a very big way yesterday, with an 11% move, taking the indicator back up to 47.5%.
- Moving averages (SPX): Looking to test the 100-day moving average today. Next stop will be the 200-day, if the 100-day breaks.
- RELATED: Patterns to Profits: Free Training Course
Industries to Watch Today
Energy and Basic Materials far outpaced all other sectors. Everything else was either well in the red, or barely green. 
My Market Sentiment
Yesterday’s intraday price action provided some optimism for the bulls, but the end of day sell-off quickly squashed that reality. Now the March lows are a potential target for the bears to try and break through today.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 3 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.
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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