My Swing Trading Strategy
I booked my gains in ServiceNow (NOW) at $300.54 from $280.67 for a +7.1% profit. I added one additional position yesterday as well, while increasing the stops in other positions and will consider adding another trade today.
Indicators
- Volatility Index (VIX) – A huge 7.5% decline yesterday, much bigger than I expected to see considering SPX gave up a chunk of its gains.
- T2108 (% of stocks trading above their 40-day moving average): Only a 2% move yesterday in this indicator and has consolidated over the last seven trading sessions. However, the rising uptrend off of the May lows remains intact, while a move over 70% seems likely in the near future.
- Moving averages (SPX): Reclaimed the 5-day moving average and is now trading above all the major moving averages.
- RELATED: Patterns to Profits: Training Course
Sectors to Watch Today
Energy was the market’s big winner by a long shot, doubling the next strongest sector in Technology. Yesterday’s move in the former, shows a clear breakout, but for it to continue it will have to deal with the 200-day moving average that it has struggled with over the course of the last eight months. Telecom continues to show remarkable strength as does Real Estate. Materials are still struggling with its current pullback and putting an end to the selling. I don’t like that sector and won’t trade it right now. Industrials you’d think could pull it together here, but continues selling for a fourth straight trading session, but the selling has nonetheless been well contained.
My Market Sentiment
Pullback to support is possible here, if the morning pre-market strength cannot hold. If that happens, I suspect we’ll see some light volume consolidation going forward, before attempting to push higher again. Watch 3000 on SPX as it has been unable to close above this milestone level just yet.
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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When should you increase your position size for swing trading in the stock market? Does the percentage that we dedicate to each of our swing trades change over the years or is it etched in stone? In this podcast episode, Ryan goes over his reason for increasing his position size in trading and what can lead a person to doing that for themselves.
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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.
