My Swing Trading Approach

Less is more in this market, and I intend to do exactly that. I have one short position on this market, and will look to ride it today. I will add more short positions, if key price levels are violated.

Indicators

Volatility Index (VIX) – A bounce of 2.5% yesterday, however, VIX remains under the declining trend-line off the 2/5 highs.
T2108 (% of stocks trading above their 40-day moving average): A 7.8% drop yesterday, pushing the indicator to 49% and keeping the bearish divergence in place with SPX price action.
Moving averages (SPX): 5-day and 10-day moving average continues to trade above price, while the 20-day moving average looms as the next MA to be tested nearby.
RELATED: Patterns to Profits: Training Course

Sectors to Watch Today

Financials bounced yesterday, following four day sell-off, but the bounce was meager. Technology also put together a small rally but found resistance at the 50-day MA. Real Estate looks strong coming out of its bull flag pattern. Healthcare continues to chop around at its highs. Materials showed a lot of weakness yesterday, and looks to possibly make a move back to the 200-day moving average.

My Market Sentiment

Pre-market weakness on fears of…wait for it…prolonged trade war with China, has the market in a tizzy this morning. What is bad for the bulls is that it threatens the critical 2801 price level that it has managed to hold on to of late. A break of the support level likely puts the 50-day moving average in play, which has held well, since May, or the rising trend-line off of the 5/3 lows.

S&P 500 Technical Analysis

Current Stock Trading Portfolio Balance

1 Short Position

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.