My Swing Trading Strategy
The last two trading sessions have seen the bulls slip in holding their intraday gains, so at this point, I am not willing to add more positions to the portfolio until the uptrend shows signs of wanting to resume moving higher.
Indicators
- Volatility Index (VIX) – Finished higher by a smidge yesterday, and still holding its 50-day moving average. No clear edge here on the indicator in terms of direction. A break of the 6/3 highs or 5/22 lows would determine direction going forward.
- T2108 (% of stocks trading above their 40-day moving average): A slight decline of less 1% yesterday, has this indicator still diverging lower.
- Moving averages (SPX): SPX currently trading above all of its major moving averages.
- RELATED: Patterns to Profits: Training Course
Sectors to Watch Today
Materials continues its huge rally off of the June lows. Growth sectors showing more of a willingness to consolidate, while Utilities could be setting up for a bounce here, following three days of declines. Energy continues to exhibit weakness overall, and hasn’t participated in the rally nearly to the extent of the other sectors. 
My Market Sentiment
SPX broke above the right shoulder yesterday on the daily chart as shown below but was only able to close right on the resistance level. Also a higher-high has formed with yesterday’s early morning move.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 30% 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
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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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