Pre-market update:
- Asian markets traded 0.6% lower.
- European markets are trading 0.2% lower.
- US futures are trading 0.1% higher ahead of the market open.
Economic reports due out (all times are eastern): PMI Manufacturing (8:58), ISM Manufacturing Index (10), Construction Spending (10)
Technical Outlook (SPX):
- SPX closed out 2014 by shattering a key short-term support level at 2078.
- SPX finished below the 5-day moving average and 10-day moving average.
- Look for potential support at the 20-day moving average today.
- Volume was extremely weak last week as is the norm during holiday trading. I would suspect that today will be more of the same with next week resuming normal volume levels.
- VIX rose a whopping 20.6% to 19.20.
- That whole saying about, “As January goes, so goes the year” has an 89.1% accuracy to it.
- SPX 30 minute chart shows the rollover that was discussed in Wednesday’s Trading Plan.
- Not a large decline in the T2108 (% of stocks trading above the 40-day moving average) as it only dropped 5.6% down to 49.5.
- The market doesn’t care about the economy nor earnings. That is not what is driving it. The market only cares about what the Fed is doing to keep equities propped up.
My Trades:
- Closed FB on Wednesday for a 1.2% gain.
- Added one new position to the portfolio on Wednesday.
- Will consider adding 1-2 new positions today.
- Remain long MXIM at 31.45, CMG at 665.48, AAL at 51.26.
- 40% long / 60% cash.
- Join me each day for all my real-time trades and alerts in the SharePlanner Splash Zone
Chart for SPX:

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 this podcast episode, Ryan gives a dire warning to traders in this stock market who are continuing to bid up stock prices believing that a major market bottom has been put in place, using reckless trading strategies and piling into overvalued stock trades.
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
📈 START SWING-TRADING WITH ME! 📈
Click here to subscribe: https://shareplanner.com/tradingblock
— — — — — — — — —
💻 STOCK MARKET TRAINING COURSES 💻
Click here for all of my training courses: https://www.shareplanner.com/trading-academy
– The A-Z of the Self-Made Trader –https://www.shareplanner.com/the-a-z-of-the-self-made-trader
– The Winning Watch-List — https://www.shareplanner.com/winning-watchlist
– Patterns to Profits — https://www.shareplanner.com/patterns-to-profits
– Get 1-on-1 Coaching — https://www.shareplanner.com/coaching
— — — — — — — — —
❤️ SUBSCRIBE TO MY YOUTUBE CHANNEL 📺
Click here to subscribe: https://www.youtube.com/shareplanner?sub_confirmation=1
🎧 LISTEN TO MY PODCAST 🎵
Click here to listen to my podcast: https://open.spotify.com/show/5Nn7MhTB9HJSyQ0C6bMKXI
— — — — — — — — —
💰 FREE RESOURCES 💰
My Website: https://shareplanner.com
— — — — — — — — —
🛠 TOOLS OF THE TRADE 🛠
Software I use (TC2000): https://bit.ly/2HBdnBm
— — — — — — — — —
📱 FOLLOW SHAREPLANNER ON SOCIAL MEDIA 📱
X: https://x.com/shareplanner
INSTAGRAM: https://instagram.com/shareplanner
FACEBOOK: https://facebook.com/shareplanner
STOCKTWITS: https://stocktwits.com/shareplanner
TikTok: https://tiktok.com/@shareplanner
*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
