Technical Outlook:
- SPX steadily increased in value all day yesterday, with hardly a sign of selling until the final hour of trading when it gave up nearly all of its gains on the day.
- This creates a very concerning doji candle on the SPY right at the upper Bollinger Band extreme.
- It is very important to be aware of the potential for a strong pullback here and to manage your long position risk accordingly.
- Mario Draghi and ECB left rates unchanged. The impact on the market has been non-existent to this point.
- VIX was weak all day long trading below key support going back to July 2014. However, by the close it had reversed and recaptured support.
- SPY 30 minute chart continues to put in place higher highs and higher lows.
- Volume dropped off a bit yesterday on SPY and still below recent averages.
- USO trying to breakout yet again, and crude is above $44/barrel (no news as of this post of Gartman throwing himself off a bridge).
- For the bears, they need to get price action back below 2040 on SPX in order to establish a lower-low on SPX daily chart.
- Nasdaq stuck in a trading range over the last six trading sessions.
- Considering that in February the S&P 500 was down over 12% on the year, and two months later is looking at possibly making a run at new all-time highs is quite unfathomable and not something that should ever be deemed common place for the market.
- The market has been strong on the weekly chart rallying 7 out of the last 9 weeks and now looking to make it 8 out of the last 10.
- April has been bullish in nine of the last ten years.
- Yellen’s dovish outlook as it pertains to rate hikes has been, in large part, the reason for the massive rally off of the February lows.
My Trades:
- Sold TLT yesterday at $129.53 for a 0.2% profit.
- Did not add any additional swing-trades to the portfolio yesterday.
- Currently 20% Short / 80% Cash
- Remain long SPXU at $27.51 (short ETF).
- Remain short QQQ at $110.40
- Will cut the short positions and add new long exposure if the bears can not put together a move to the downside.
- 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 today's episode, Ryan dives into stop-losses, where he places them and how he goes about deciding where the ideal stop-loss placement is for each of his trades. Ryan also explains why doesn't use trailing stop-losses and only uses manual stop losses in his swing trading.
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.
