My Swing Trading Approach

Should we get the follow through this morning, I will look to add 1-2 new long positions to the portfolio today.

Indicators

Volatility Index (VIX) – Tried to break out of the downtrend from the 2/5 highs. Instead reversed course, with drop to 12.19.
T2108 (% of stocks trading above their 40-day moving average): Continues to bounce hard off of the rising trend-line from the 2/5 lows. But still a diverging indicator, with a reading of 53%.
Moving averages (SPX): Held the 20-day moving average while recapturing the 5 and 10-day moving averages.
RELATED: Patterns to Profits: Training Course

Sectors to Watch Today

Technology flexed its muscles yesterday with a massive rally, while Staples showed similar strength as well. Financials hasn’t lost it all together just yet, but it is showing some indifference of late. I am unsure about Industrials at this point. It looks like it may be content with settling back into its seven month long trading range.

My Market Sentiment

Yesterday was a 180 for the market, as it appeared it wanted to break down in the pre-market, it ultimately managed to reverse course, hold onto critical support at 2801, and bouncing over 30 points off of its lows of the day.

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.