My Swing Trading Strategy
I reduced my exposure to the long side yesterday following a topsy-turvy trading session. I will look to add 1-2 new long positions today. No interest in shorting the market here as the market has not given me any real volume levels to work with to the downside.
Indicators
- Volatility Index (VIX) – Crazy session that saw the VIX vanquish a a really strong session in the green, only to turn red by the end of day. Still looks like it wants to move towards to the 12’s.
- T2108 (% of stocks trading above their 40-day moving average): Small caps continue to rock, and it is pushing the T2108 up to 52% and hitting some overhead resistance off of the February highs.
- Moving averages (SPX): Tested and held the 5-day MA. Price is currently trading above all major moving averages.
- RELATED: Patterns to Profits: Training Course
Sectors to Watch Today
Materials and Energy continue to rock and push the market higher. Financials still in non-stop rally mode. Utilities finally starting to bottom out here and bounce. Technology found support at the box breakout level. 
My Market Sentiment
A very strange and interesting trading session on every front. The bulls rallied the market from a significant sell-off and managed to close green. Breadth indicates there is a lot of rotation playing out in this market right now, as there is a strong interest in small caps over large caps. Financials and Energy continue to propel the market higher. 
Current Stock Trading Portfolio Balance
- 1 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.
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In this podcast episode Ryan explains six principles for trading in easy markets that will prepare you for the more difficult and bearish markets.
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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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