My Swing Trading Approach
At this point, it is hard to have any bias in this market while the price remains stuck in consolidation. Stay patience, stay ready. Patience defines a trader’s worth.
Indicators
- VIX – Only a minor gain compared to recent action. Right now the bulls on VIX are in control which currently looks like price consolidation of Tuesday’s move.
- T2108 (% of stocks trading below their 40-day moving average): Another big drop yesterday of 9.3%. Getting more and more volatile on this chart.
- Moving averages (SPX): Finished a smidge below the 20-day moving average while also trading below the 5-day and 10-day moving averages.
- RELATED: Patterns to Profits: Free Training Course
Industries to Watch Today
Technology head faked a potential breakout today, while Energy faltered on its follow through today. Communications Services should be avoided at all costs. Financials may still, ultimately, break down. 
My Market Sentiment
It has been tough sledding for the bulls of late, but recent consolidation has this market not doing much of anything, despite finishing lower on most days of late. Patience is very much key here. Don’t force anything. Keep market exposure small until matters resolve themselves.
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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