My Swing Trading Strategy
One new position added yesterday, and considering another new position as well today. But the market needs to show that it can hold its gains into the close, something that has eluded it in each of the last six trading sessions.
Indicators
- Volatility Index (VIX) – Gave up its session gains, but still closed just above the 50-day moving average. Again, the 5/22 lows need to be taken out to support a bigger move higher for stocks as a whole.
- T2108 (% of stocks trading above their 40-day moving average): Flat day, but consolidating over the last three days. Has pressure overhead from the 50-day moving average.
- Moving averages (SPX): SPX currently trading above all of its major moving averages, but sitting on the 5-day moving average and just above the 50-day MA.
- RELATED: Patterns to Profits: Training Course
Sectors to Watch Today
Healthcare breaking out of its five day consolidation, and yesterday’s market leader. Real Estate remains strong hitting new all-time highs, in a very aggressive way. Technology bull flagging well, and could see a breakout today. Financials still struggling to catch a break, while oil is trying to base with an attempt at two straight days of gains. 
My Market Sentiment
The sixth straight day of consolidation – the bull flag seen on the chart here is holding up really well. Any weakness during this time has been on extremely low volume. Tomorrow is FOMC day which could make things interesting as investors await to hear whether there will be rate cuts in July and September.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 50% 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!
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#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.
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