My Swing Trading Approach
I will look to add a new position to the portfolio today and continue to manage the potential downside risk that this market still poses. Raising stops are critical in this market and must continue going forward to lock in profits.
Indicators
- VIX – Another flat trading session. Some resistance at the 200-day MA, and poised to move lower in the coming weeks.
- T2108 (% of stocks trading below their 40-day moving average): A challenge looms at 66% on this important indicator. A break of declining resistance here, would push price higher in the coming days.
- Moving averages (SPX): Wedged in between the 5 and 10-day moving average – Likely to gap above the former at the open.
- RELATED: Patterns to Profits: An Intro Trading Course
Industries to Watch Today
Energy is still the best sector along with Technology and Discretionary. Budding sectors to watch are the Industrials and Healthcare. Financials are unfortunately languishing of late. Steer away from Staples and Utilities. 
My Market Sentiment
The bulls have a chance today to break out of the bull flag formed last week. The key will be whether it is sustained into the close. Watch for whether the volume comes in as well.
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.
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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