My Swing Trading Approach
Similar to yesterday, I will take a very cautious approach with this market. Less is more in this market and I do not want to rapidly increase my long exposure with such incredible uncertainty. Only under very bullish circumstances today, will I add additional long exposure to my portfolio.
Indicators
- VIX – Still in the coil. Almost broke out to the upside yesterday, but gave it all up before the close, to finish in the red. Currently 15.90.
- T2108 (% of stocks trading below their 40-day moving average): Tested the rising trend-line off of the February lows yesterday and held. Still a strong decline of 6%, to close at 45%.
- Moving averages (SPX): Broke the 200-day moving average intraday, but held on at the close.
- RELATED: Patterns to Profits: Free Training Course
Industries to Watch Today
Materials improving in recent days to form a possible inverse head and shoulders pattern. Technology also holding up well recently, but still in a multi-week coiling pattern. Staples needs to be avoided at all costs. Its chart is extremely bearish. Financials on the verge of a breakout, while Energy maintains its bull flag pattern. 
My Market Sentiment
The bulls staged a massive rally yesterday, when all looked lost, to hold the 200-day moving average. Price action continues to contract and get tighter in the long-term picture. Recent tests of the 200-day MA have led to hard market bounces thereafter.
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. Support this podcast: https://podcasters.spotify.com/pod/show/swingtrading/support
How to trade a stock split: in this podcast episode Ryan talks about the impact of what an announced forward stock split means for a stock that you are considering swing trading, or may already be trading. Also covered are the risks, and the strategy behind stock splits for investors and traders alike.
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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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