My Swing Trading Approach
The market has yet to provide any favorable trading conditions this week. Staying light and patient here, is the name of the game, and what I plan on doing today until the market gives us something more definitive.
Indicators
- VIX – Despite SPX trading lower for a fourth straight day, VIX managed to trend lower on the day by 3.7%. The trend since the February highs has been lower-highs and lower-lows on its chart.
- T2108 (% of stocks trading below their 40-day moving average): The three day losing streak on T2108 suggests a light and orderly pullback for the market as a whole.
- Moving averages (SPX): Closed a fraction below its 50-day moving average.
- RELATED: Patterns to Profits: Free Training Course
Industries to Watch Today
Technology was the only sector to hold on to its gains yesterday. Financials were right behind. Energy and Basic Materials are the two sectors to avoid. 
My Market Sentiment
SPX marked its first four day losing streak in 2018, while also dipping slightly below the 50-day moving average. So far the move appears to be orderly and the volume below average.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 2 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.
In this podcast episode, Ryan talks about how he uses profit multiples for taking profits on his swing-trades, and how not everyone of your trades that are winners will be 2:1 or 3:1 multiples of the amount that you risked on the trade.
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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