My Swing Trading Approach
Right now, I have a number of long setups in the portfolio, that I will look to manage the risk in, first and foremost. I’m not opposed to adding more positions to the portfolio, but for now, I am more interested in letting my current positions do their work.
Indicators
- Volatility Index (VIX) – Tested long-term support in the lower 12’s and holding so far.
- T2108 (% of stocks trading above their 40-day moving average): Going back to April, a very range-bound indicator. Currently sits at 58%.
- Moving averages (SPX): Continues to test and hold the 5-day moving average.
- RELATED: Patterns to Profits: Training Course
Sectors to Watch Today
Staples continues to climb higher, but remains well off its all-time highs. Industrials are showing life over the last two weeks, but remains range bound going back to February. Technology remains the hottest sector, while Telecom is creating a picturesque bull flag pattern.
My Market Sentiment
SPX continues to tease the bulls at resistance. Not a clean break, as price needs to close above the March highs of 2801.9 decisively. Until that happens, resistance is in full force.
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
📈 START SWING-TRADING WITH ME! 📈
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Click here for all of my training courses: https://www.shareplanner.com/trading-academy
– The A-Z of the Self-Made Trader –https://www.shareplanner.com/the-a-z-of-the-self-made-trader
– The Winning Watch-List — https://www.shareplanner.com/winning-watchlist
– Patterns to Profits — https://www.shareplanner.com/patterns-to-profits
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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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