My Swing Trading Approach
I added a short position on Friday, it hasn’t done anything for me to this point, and with futures pointing higher, I’ll likely have to get out and get back on the long side. Right now it is pretty fluid, so the idea that the market could close the gap at the open also remains quite possible.
Indicators
- Volatility Index (VIX) – VIX opened higher on Friday, but once again fell victim to the 20-day moving average that simply will not let anything pass. It ended the day 4% lower and back down to 15.72.
- T2108 (% of stocks trading above their 40-day moving average): Fell for a third straight day and back below the 80’s. However the damage isn’t significant with 79% of stocks still trading above their 40-day moving average, but it is the biggest pullback since the rally started back on 12/26.
- Moving averages (SPX): Initially dropped below the 10-day moving average but reclaimed it into at the close. The 20-day moving average isn’t too far below current price action now either.
- RELATED: Patterns to Profits: Training Course
Sectors to Watch Today
Technology back to being the market’s darling with a huge bounce on Friday. Utilities – get this – New All-Time Highs! Financials showed signs of recovery Friday afternoon, but overall they continue to lag overall market strength, and should be avoided here. Energy has become less certain here. It did hold key support on Friday, but still much weaker than the rest of the market.
My Market Sentiment
Friday saw the BTFD’ers come back in full force following the morning sell-off. A bit surprising, considering still, how overbought this market is, and prime for a 1-2% pullback it is as well. However, price rules and has to be respected. Gap higher this morning, but be careful of the initial gap fill that may take place.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 10% short.

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 today's episode, I tackle a listener email covering a variety of swing trading topics, including the benefits of cash accounts, T+1 settlements, options trading using straddles, and even straddling the indices with leveraged ETFs. I'll also discuss whether new traders should be trading options and the ramifications that come with skipping over trading equities and jumping into options trading instead. Lots of insights packed into this one!
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! 📈
Click here to subscribe: https://shareplanner.com/tradingblock
— — — — — — — — —
💻 STOCK MARKET TRAINING COURSES 💻
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
– Get 1-on-1 Coaching — https://www.shareplanner.com/coaching
— — — — — — — — —
❤️ SUBSCRIBE TO MY YOUTUBE CHANNEL 📺
Click here to subscribe: https://www.youtube.com/shareplanner?sub_confirmation=1
🎧 LISTEN TO MY PODCAST 🎵
Click here to listen to my podcast: https://open.spotify.com/show/5Nn7MhTB9HJSyQ0C6bMKXI
— — — — — — — — —
💰 FREE RESOURCES 💰
My Website: https://shareplanner.com
— — — — — — — — —
🛠 TOOLS OF THE TRADE 🛠
Software I use (TC2000): https://bit.ly/2HBdnBm
— — — — — — — — —
📱 FOLLOW SHAREPLANNER ON SOCIAL MEDIA 📱
X: https://x.com/shareplanner
INSTAGRAM: https://instagram.com/shareplanner
FACEBOOK: https://facebook.com/shareplanner
STOCKTWITS: https://stocktwits.com/shareplanner
TikTok: https://tiktok.com/@shareplanner
*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
