My Swing Trading Approach
Right now, I want to increase my stop-losses and maintain flexibility with the market by not overloading my portfolio with long positions. CPI report will greatly influence whether I am going to be adding any short positions in the future.
Indicators
- VIX – Not coming down as fast as I would have expected. Still elevated at 25 and only falling a little bit at a time.
- T2108 (% of stocks trading below their 40-day moving average): 12% pop to 20, which remains oversold.
- Moving averages (SPX): Still holding the 5-day moving average from yesterday, with a potential test of the 10-day MA today.
- RELATED: Patterns to Profits: An Intro Trading Course
Industries to Watch Today
Technology, Basic Materials and Real Estate led the way yesterday. Energy really struggling to find its footing in this market still. All the other sectors are showing similar strength, over the course of this three-day bounce. 
My Market Sentiment
CPI report will dictate market action today. A very strong reading, could derail this current market rally and likely determine whether it is a legitimate bounce, or a dead cat. SPX also managed to reclaim the rising trend-line off of the February 2016 lows.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 5 Long positions
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.
The percentage amount for your stop-losses and where to put them at when trading the stock market can be very difficult to determine. In this podcast episode, Ryan talks about times when it works using tight stop-losses versus very wide stop-losses and the tricks that you can use to narrow the stop-loss even further.
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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