My Swing Trading Strategy

I booked profits in Nvidia (NVDA) yesterday for +4%. Looking back, I was very aggressive about taking profits at the open, but I did so, because I was not overly confident that it could hold on to the premarket strength, and seemed like a solid candidate for a gap and fade (which did not end up happening). I ended up adding another position that morning to the portfolio.

Indicators

Volatility Index (VIX) – The VIX is at closing lows that haven’t been seen since April 12th. Once it gets to these levels, the moves in the market are not all that impressive, so curb your expectations.
T2108 (% of stocks trading above their 40-day moving average): As the SPX closed at new all-time highs, the 7% rally in the T2108 wasn’t enough to push beyond its recent highs, creating therefore, a slight bearish divergence.
Moving averages (SPX): The 5-day and 10-day moving averages should cross back to the upside. SPX currently trading above all major moving averages.
RELATED: Patterns to Profits: Training Course

Sectors to Watch Today

Technology is absolutely, the sector to be in right now, followed by Financials. The latter of which is nice, because most of the companies in that sector, at least the notable ones, have already reported earnings. Discretionary is coming alive, but that can all change if Amazon (AMZN) fails to produce a solid earnings number today. Staples has flat-lined, and Energy shows a double top has possibly formed – that sector as a whole, really isn’t worth your time.

My Market Sentiment

So far the earnings season has been another solid one for the market. Yeah, the Boeing (BA) number really hurt matters, but if you take that one out of the equation it has been very respectable and beyond expectations. But it is getting ready to really shake things up with the big tech firms reporting over the course of the next week, starting today with Amazon (AMZN), Alphabet (GOOG) and Intel (INTC)

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.

In this podcast episode, Ryan Mallory gives insight into his trading journey that started at the very young age of 11 years old. Included in the episode was the challenges he faced, and how he ultimately became a full-time trader.

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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.