My Swing Trading Strategy
I took profits in Applied Materials (AMAT) for a +2.8% profit on Friday, while also adding one additional position to the portfolio. There are a lot of earnings reports coming out this week, like last, so avoiding any potential hazards will be extremely important.
Indicators
- Volatility Index (VIX) – Down 4% and more than anything else, simply stuck in choppy, sideways action for the entire month of April. I don’t have much in expectations for there being any major moves here in the near term.
- T2108 (% of stocks trading above their 40-day moving average): Sideways, like many indicators in the month of April. It rose 5.2% to stay in that 55-70% range for the month of April.
- Moving averages (SPX): Price is trading above all the major moving averages now.
- RELATED: Patterns to Profits: Training Course
Sectors to Watch Today
Healthcare was last weeks big winner, and may look to recover by putting an end to the double top pattern, this week. Materials may be setting up for a bounce here – despite last week’s sell-off, it is still in a solid uptrend. Financials broke out of consolidation. Utilities with weaker price action than the rest, but still remains in a well defined bull flag.
My Market Sentiment
All-time highs are on the radar today and with that, the bulls will have effectively wiped away all the losses from the 2018 sell-off that began back in October of last year. But that doesn’t mean that traders should relax – always, always protect profits by moving up those stops.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 40% Long.

Welcome to Swing Trading the Stock Market Podcast!
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Commit these three rules to memory and to your trading:
#1: Manage the RISK ALWAYS!
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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!
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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.
