My Swing Trading Strategy
New week, month and quarter. I’m 100% cash coming into the day and will look to get long with 1-2 new positions. Always the potential for an April fools market fade. Be aware.
Indicators
- Volatility Index (VIX) – a 5% decline on Friday, and has dropped four of the last five sessions. Looking, once again to test the March lows.
- T2108 (% of stocks trading above their 40-day moving average): Breadth, wasn’t all that impressive, and the T2108 showed it with only a 2% move higher and only 52% of stocks trading above their 40-day moving average.
- Moving averages (SPX): Back above the 10-day moving average, and all major moving averages.
- RELATED: Patterns to Profits: Training Course
Sectors to Watch Today
Technology pulled it together on Friday, and looking to continue the trend of higher-lowers and higher-highs, with a possible test of the March highs. Double bottom in the short-term on Industrials that will confirm today. Staples continues to print new rally highs. Watch for a breakout of consolidation in Discretionary.
My Market Sentiment
The market was an absolute chop-fest for much of March. Today the market is looking to gap higher and pull away from support underneath. Always the potential for a market fade on these gap ups, but so far, considering the Friday’s push higher, today’s continuation looks promising.
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.
How should one go from their regular 9-5 job into full-time trading? As a swing trader, we don't have to necessarily be full-time, and instead we can combine our trading into a lifestyle that allows us to maximize our time and earning ability.
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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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