My Swing Trading Approach
I am coming into today 100% cash, but also very skeptical about getting long on this market as most trading sessions where there is a strong earnings report that comes out, usually sees price fade throughout the trading session. I closed out my position in Bank of America (BAC) yesterday for a small profit.
Indicators
- Volatility Index (VIX) – Very little movement out of this index over the past couple of weeks. It has settled into place just north of the 200-day moving average, similar to the consolidation that was seen in late September and early October.
- T2108 (% of stocks trading above their 40-day moving average): Pushed higher yet again yesterday and remains at multi-year highs of 76%. Price action out of the market is struggling to find a lot of movement higher at the moment until we can see some kind of pullback reflected in this indicator.
- Moving averages (SPX): Price action is stuck below the 5-day and above the 10-day moving average at the moment and continues a second day of tight consoldiation.
- RELATED: Patterns to Profits: Training Course
Sectors to Watch Today
Technology and Discretionary struggled mightily yesterday as the market traded flat yesterday. Buoyed with Apple (AAPL) earnings these two sectors should lead the way higher today.
My Market Sentiment
Apple (AAPL) earnings yesterday has catapulted the market higher in the premarket. However, be concerned with the declining trend-line as shown below as the market may stall at, not to mention the market tends to fade strong earnings reports from the biggest names.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 100% Cash.

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, talks about when it is a good time to buy the dip in the stock market and how successfully buying the dip is really predicated on previously selling into strength. In this episode Ryan also dives into his approach for buying stocks that are perceived as being low, and why recency bias can get in the way.
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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.
