My Swing Trading Strategy
The low volume trading environment is making for difficult trading conditions, as the market is unable to follow through or hold on to any gains to the upside, and thereby creating wild intraday swings that cannot be counted on.
Indicators
- Volatility Index (VIX) – Respectable bounce on the VIX yesterday, that engulfed the previous trading session.
- T2108 (% of stocks trading above their 40-day moving average): A 6.5% sell-off yesterday, that took the indicator to 60%, and trying to make last week’s move look like a dead cat bounce.
- Moving averages (SPX): Currently trading above all major moving averages.
- RELATED: Patterns to Profits: Training Course
Sectors to Watch Today
Only Healthcare and Technology finished in the green yesterday. With the latter hitting intraday all-time highs, but unable to close at that level. Discretionary chart looks more problematic, as it failed to make a new rally high yesterday, and could be facing some resistance going forward. Potential double top in Real Estate. Utilities had a significant amount of profit taking while, Financials saw a bearish engulfing candle pattern.
My Market Sentiment
Volume remains putrid, and puts any rally in question. On the intraday front, expect a lot of whiplash, as the market lacks the conviction to hold its gains.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 40% 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.
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
📈 START SWING-TRADING WITH ME! 📈
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💻 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
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🛠 TOOLS OF THE TRADE 🛠
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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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