My Swing Trading Approach
At this stage, I am quite happy with the stocks I have in the portfolio. I am looking to play it cautious here, as I do not want to stock pile too many positions here. I’ll raise my stop-loss on existing trades. With low volume market conditions, I’m not going to place too much trust in this market.
Indicators
- VIX – Down four of the last five trading sessions, following its spike last week over 18. Down over 30% since, and currently at 12.40. Watch for support at 12.29.
- T2108 (% of stocks trading below their 40-day moving average): The moves are meager here. Not much happening. Remains at 65%. Still needs energy and financials to participate for this indicator to overheat.
- Moving averages (SPX): Trading above all the major moving averages.
- RELATED: Patterns to Profits: Free Training Course
Industries to Watch Today
Technology still the market’s best sector and hitting new all-time highs. Discretionary is right behind it. These two sectors are your “Go-To” plays. Industrials and Healthcare are both showing signs of wanting to push higher in the short-term. Energy still problematic, and I’m not trusting Financials. 
My Market Sentiment
The volume is extremely low, but support managed to hold up yesterday. I’m not expecting massive moves by the market at this point, but from a bullish standpoint (which is what I am here), I want to see the breakout from Monday to remain intact and continue acting as support.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 6 Long Positions
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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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