My Swing Trading Approach
Going to take a cautious approach with this market today, with the pre-market futs as weak as they are. Raise stops where I can, and even consider a short position if the market warrants it.
Indicators
- VIX – Dropped 6% yesterday, with much of its gains coming in the last two hours of trading. Likely to spike on any military action in Syria.
- T2108 (% of stocks trading below their 40-day moving average): A big 24% pop yesterday, but not quite back at the levels we saw last week of +50%. Currently at 47%.
- Moving averages (SPX): Tested the 20-day moving average but couldn’t break through. Struggle remains with this MA and the inability to trade above it over the past month. Back above the 5-day and 10-day MA’s.
- RELATED: Patterns to Profits: An Intro Trading Course
Industries to Watch Today
Big, big, breakout in Energy yesterday. Poised to retest its yearly highs again. Double bottom in Materials worth watching as is the case in Healthcare, Industrials, Discretionary, and Financials. Technology trying to hold on to higher lows. 
My Market Sentiment
Strong rally yesterday, yet another potential reversal in the making. Price stuck in the range shown in the chart below. A big move in either direction will be required to change that.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 4 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 today's episode, at episode 500, I am diving into the lessons learned from trading over the last 100 episodes, because as traders we are evolving and always attempting to improve our skillset. So here is to episode 500, and to another 500 episodes of learning and developing as swing traders in the stock market!
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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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