My Swing Trading Strategy
I sold Netflix (NFLX) for a +1.5% profit yesterday. I didn’t add any new positions today, and am willing to get short should the market show a willingness to sell off further this morning.
Indicators
- Volatility Index (VIX) – Sold off for the seventh time in the last ten trading sessions. Surprising to see it trade lower despite market weakness. Currently at 14.75, which is notably lower, but likely to bounce higher today.
- T2108 (% of stocks trading above their 40-day moving average): A 10% decline yesterday, now sets it up to break the May lows. That would be a decisively bearish move by the indicator and indicating much greater weakness than what the market is showing.
- Moving averages (SPX): Lost the 5-day moving average yesterday, and set up to lose the 10-day MA at the open as well.
- RELATED: Patterns to Profits: Training Course
Sectors to Watch Today
Utilities very close to breaking out to new all-time highs here. Staples coming out of its bull flag pattern here. Head and shoulders pattern very close to confirming on Technology. Bear Flag formed on Financials. Energy has the same pattern but confirmed it yesterday. 
My Market Sentiment
A major head and shoulders pattern quickly forming and very close to breaking the neckline, perhaps not today, but in the days ahead.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 20% 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.
In today's episode, I talk about tightening the risk on the trades and the benefits of taking a multi-pronged approach in doing so between profit taking and raising the stops. Also, I cover how how aggressive one should be in adding new swing trading positions and how many open positions that one should have at any given time.
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
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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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