My Swing Trading Approach

Booked profits in a number of positions on Friday, reduced my long exposure, day-traded the market to the short side. Should the market rally, and hold the rally today, I will look to add some new long positions to the portfolio.

Indicators

VIX – A 13% rally yesterday, back above 20, but stuck in consolidation over the last two weeks.
T2108 (% of stocks trading below their 40-day moving average): Significant drop in indicator on Friday of 25% down to 37.6% overall. Higher-highs remain in place.
Moving averages (SPX): Lost the 5-and 10-day moving averages, but held on to the 200-day moving average.
RELATED: Patterns to Profits: Free Training Course

Industries to Watch Today

Like most sell-offs of late, Industrials, Technology and Healthcare led the way to the downside, while Utilities and Real Estate were near the top. Energy was on the brink of a significant breakout, but squandered the opportunity on Friday. Materials continues to put in lower-highs.
patterns to profits email

My Market Sentiment

Dramatic price action of rallies and reversals happening spontaneously on market headlines. The headline risk is incredibly high at the moment. Despite Friday’s reversal in price, the 200-day moving average still held with a 20-point rally off of the lows of the day. Price also remains stuck in a two week consolidation pattern.

S&P 500 Technical Analysis

Current Stock Trading Portfolio Balance

2 Long Positions

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