The market is ripping higher, the only problem is that the charts show a limited ceiling for this rally before having to fight through some heavy resistance in the 2110’s.
I’m not participating in this rally today, as the risk day-to-day has become very difficult to gauge and finding the true direction of this market is nearly impossible at this point in time.
As a result, I am holding off on any positions until the market shows it can sustain this move overnight. Otherwise, I think this market will probably fade the move made today and add more confusion to the masses .
Here’s this week’s trade setups:
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.
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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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