My Swing Trading Approach
I booked profits in Nike (NKE) at $80.47 yesterday for a +2.4% profit. I added another long position yesterday as well and will look to add more today, if this market can pull out of the bull flag that it is trying to form here.
Indicators
- Volatility Index (VIX) – Crashed and burned yesterday after popping higher and pushing over 22 and instead dropping 6.2% and giving up much of the previous day’s gains.
- T2108 (% of stocks trading above their 40-day moving average): Barely any movement in this indicator yesterday which is ultimately what this market did as well.
- Moving averages (SPX): Broke below the 5-day moving average while managing to still hold the 10-day and 50-day MA’s.
- RELATED: Patterns to Profits: Training Course
Sectors to Watch Today
Your defensive sectors led the way yesterday, which isn’t exactly the lineup you want to see. Financials, Technology, Discretionary, and Industrials all sporting bull flag patterns right now. 
My Market Sentiment
The bulls gave up their gains yesterday after a strong open. But instead of seeing a significant pullback, the market seems more content right now with churning price and keeping things choppy.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 20% Long.
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 this podcast episode Ryan covers the basics of building a swing trading watchlist for beginning traders. Also covered are the key elements that are necessary to ensuring that the watchlist is functional and capable of providing quality results for one’s swing trading.
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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– The A-Z of the Self-Made Trader – https://www.shareplanner.com/the-a-z-of-the-self-made-trader
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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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