My Swing Trading Approach

I will be watching to see how the 20-day moving average is holding up today. If it does hold, it will likely be a good opportunity to buy the dip. Otherwise, if it slices right through it, I will stand by. Ideal shorting opportunities going forward should come from a failed market bounce, not shorting here at the recent lows. Risk/reward is very unfavorable at current price levels.

Indicators

VIX – Expect a big pop out of VIX this morning. Should it not, there could a strong possibility of the market reversing off of its lows of the day.
T2108 (% of stocks trading below their 40-day moving average): Down seven straight days. Fell 1.3% yesterday to 52.7%. It is showing signs that stocks are due for a short-term bounce.
Moving averages (SPX): 5/10-day MA cross over likely today. Also a test of the 20-day MA is a strong possibility.
RELATED: Patterns to Profits: An Intro Trading Course

Industries to Watch Today

Surprisingly, Real Estate showed the most life to it. Energy looks like it could be a real problem again, while Industrials are trading just a bove a key, short-term support level that if broken, could see a 4-6% pullback.

My Market Sentiment

Only Energy and Financials managed to trade higher yesterday. The former sector’s chart still looks quite problematic, while the latter is still holding strong. Critical for Industrials to hold it together here today, other wise risk a rollover on its daily chart. Consumer Cyclical should get a boost today out of Amazon’s earnings.

S&P 500 Technical Analysis

Current Stock Trading Portfolio Balance

4 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 today's episode, Ryan answers the questions of one listener ranging from his transition from paper trading to live trading, and swing trading to day trading. Also addressed is his approach to trading, specifically Fibonacci retracement levels and why Ryan prefers Pivot Points instead.

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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.