My Swing Trading Strategy
I booked profits in SPXU yesterday for a 2.4% gain, and SQ for a 0.6% profit. I’ll look to add one or two new trades to the portfolio today.
Indicators
- Volatility Index (VIX) – A very mellow 3.6% rise in the index on a day where the market was trying to sell off. The afternoon saw most of its gains evaporate.
- T2108 (% of stocks trading above their 40-day moving average): A 9% drop yesterday took the indicator back down to 35%. Really no direction being provided by this indicator.
- Moving averages (SPX): Yesterday’s pullback did little in the way of technical damage as price managed to test and hold the 5, 10 and 20-day MA’s. A test of the 50-day should come today.
- RELATED: Patterns to Profits: Training Course
Sectors to Watch Today
Utilities rose 1% yesterday and were the big market winners, along with other safety sectors like Staples and Real Estate. The market had a risk off mindset with Industrials, Technology and Discretionary leading the way lower. 
My Market Sentiment
Today is a great opportunity for the market to breakout of this consolidation that it has been stuck in for the last four, now going on five weeks. If that happens, I expect that SPX will eventually test its all-time highs in the not so distant future. 
Current Stock Trading Portfolio Balance
- 2 Long Positions
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 explain whether it is a good idea or not to rapidly increase the size of your portfolio if you come across a sum of cash. A lot of traders will do this without ever recognizing the emotional toll it can have on you as a swing trader and the awful mistakes you can make in doing so.
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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