My Swing Trading Approach
I took a position fading the market’s gap up yesterday and held it overnight. Ahead of tomorrow’s market closure, I suspect volume will be notably lower, and a willingness to continue pushing the market further into overbought conditions will prove difficult. I won’t be overly aggressive in either direction today, but will consider adding 1-2 new swing-trades to the portfolio today.
Indicators
- Volatility Index (VIX) – VIX dropped another 9% yesterday, and finished just above the 200-day moving average and above the 16 level and the November lows.
- T2108 (% of stocks trading above their 40-day moving average): An 11% rally yesterday pushed the T2108 up to 49. The highest such move since 9/21 and a breakout for the indicator.
- Moving averages (SPX): Broke the 50-day and 200-day moving averages before pulling back to the 50-day perfectly and bouncing yet again. Now trades above all the major moving averages for the first time since early October.
- RELATED: Patterns to Profits: Training Course
Sectors to Watch Today
Energy had a huge bounce yesterday that led the market higher, but still in a well defined downtrend, and marginally off the recent lows. Materials developing a double bottom currently, but still, significant improvement is needed. Utilities hitting new all-time highs, and while Technology has had a solid run off of the November lows, the fact remains that it is still in the midst of a series of lower-lows and lower-highs.
My Market Sentiment
The market did little to nothing to increase its gains following its massive gap higher. Instead it formed a doji candle with a gap left to be filled below. Yesterday’s rally did not do enough to break through key resistance as shown below. Establishing a higher-high will be key to reversing the current trend of this market.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 1 short position.

Welcome to Swing Trading the Stock Market Podcast!
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When should you increase your position size for swing trading in the stock market? Does the percentage that we dedicate to each of our swing trades change over the years or is it etched in stone? In this podcast episode, Ryan goes over his reason for increasing his position size in trading and what can lead a person to doing that for themselves.
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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.
