My Swing Trading Strategy
I sold my position in Adobe (ADBE) yesterday for a +1.4% profit, while also taking losses on a couple of other swing-trades. I added one additional long position as the market dipped and rallied.
Indicators
- Volatility Index (VIX) – The market smashed through the 20-day moving average, but again in dramatic fashion, gave up more than two-thirds of its profits before again closing below that stubborn 20-day MA.
- T2108 (% of stocks trading above their 40-day moving average): A 4% drop yesterday, sent the indicator down to 74%.
- Moving averages (SPX): Price closed right on the 5-day MA, while also managing to hold on to the 10-day MA, though it spent much of the day trading below it.
- RELATED: Patterns to Profits: Training Course
Sectors to Watch Today
Healthcare flipped yesterday and went from being the market leader the previous trading session, to being the market’s biggest loser. A lot of volume pouring into this sector and could be setting up for some profit taking should additional downside follow today. Materials found support at the 20 and 200-day moving averages simultaneously. Utilities are starting to pull out of the bull flag pattern as is Energy.
My Market Sentiment
SPX to this point has been unable to break through support or resistance. Good chance that changes today as both are converging and going to force price action to make a choice on direction going forward.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 20% Long.
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.
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
📈 START SWING-TRADING WITH ME! 📈
Click here to subscribe: https://shareplanner.com/tradingblock
— — — — — — — — —
💻 STOCK MARKET TRAINING COURSES 💻
Click here for all of my training courses: https://www.shareplanner.com/trading-academy
– The A-Z of the Self-Made Trader – https://www.shareplanner.com/the-a-z-of-the-self-made-trader
– The Winning Watch-List — https://www.shareplanner.com/winning-watchlist
– Patterns to Profits — https://www.shareplanner.com/patterns-to-profits
– Get 1-on-1 Coaching — https://www.shareplanner.com/coaching
— — — — — — — — —
❤️ SUBSCRIBE TO MY YOUTUBE CHANNEL 📺
Click here to subscribe: https://www.youtube.com/shareplanner?sub_confirmation=1
🎧 LISTEN TO MY PODCAST 🎵
Click here to listen to my podcast: https://open.spotify.com/show/5Nn7MhTB9HJSyQ0C6bMKXI
— — — — — — — — —
💰 FREE RESOURCES 💰
My Website: https://shareplanner.com
— — — — — — — — —
🛠 TOOLS OF THE TRADE 🛠
Software I use (TC2000): https://bit.ly/2HBdnBm
— — — — — — — — —
📱 FOLLOW SHAREPLANNER ON SOCIAL MEDIA 📱
X: https://x.com/shareplanner
INSTAGRAM: https://instagram.com/shareplanner
FACEBOOK: https://facebook.com/shareplanner
STOCKTWITS: https://stocktwits.com/shareplanner
TikTok: https://tiktok.com/@shareplanner
*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
—
Support this podcast: https://podcasters.spotify.com/pod/show/swingtrading/support
You Might Like
Coal for the Stock Market’s Santa Rally
How To Trade a Stock Split | Podcast Episode #464
Time for a Stock Market Bounce?