My Swing Trading Approach
Should we get the follow through this morning, I will look to add 1-2 new long positions to the portfolio today.
Indicators
- Volatility Index (VIX) – Tried to break out of the downtrend from the 2/5 highs. Instead reversed course, with drop to 12.19.
- T2108 (% of stocks trading above their 40-day moving average): Continues to bounce hard off of the rising trend-line from the 2/5 lows. But still a diverging indicator, with a reading of 53%.
- Moving averages (SPX): Held the 20-day moving average while recapturing the 5 and 10-day moving averages.
- RELATED: Patterns to Profits: Training Course
Sectors to Watch Today
Technology flexed its muscles yesterday with a massive rally, while Staples showed similar strength as well. Financials hasn’t lost it all together just yet, but it is showing some indifference of late. I am unsure about Industrials at this point. It looks like it may be content with settling back into its seven month long trading range. 
My Market Sentiment
Yesterday was a 180 for the market, as it appeared it wanted to break down in the pre-market, it ultimately managed to reverse course, hold onto critical support at 2801, and bouncing over 30 points off of its lows of the day.
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.
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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