Pre-market update (updated 8:30am eastern):
- European markets are trading mixed but overall +0.3% higher.
- Asian markets finished +0.4% higher on the day.
- US futures are trading moderately higher ahead of the bell.
Economic reports due out (all times are eastern): Quadruple Witching (Opex).
Technical Outlook (SPX):
- Typical gap down, buy-the-dip to finish near break-even kind of day.
- One sign that showed me that the bulls are very much still in this market were the automatic buy programs that kicked in at the 10-day moving average.
- Often times this is the first sign of defense by the bulls in a soft pullback for the market to bounce from.
- This pullback has been very healthy for the markets – orderly, low volume, and pulled us off of overbought levels as well as back inside the bollinger bands.
- 30-minute chart for SPX still has upward trend intact.
- Fed’s QE3 launch is going to add a lot of buying power to this market and drive more people out of interest-bearing assets and into equities in search of some kind of return.
- Going back years, there really is little in the way of resistance for the markets until it tests 1500.
- Resistance at 1437 and 1440 was broken with little problem and now becomes support.
- Upward trend-line off of the 6/4 lows has rising support at 1410.
- SharePlanner Reversal Indicator confirmed the move higher this past week.
- VIX at 14.
- One area of concern is the 3 large gaps off of the 6/4 lows that remain unfilled, including 6/6, 7/26, 8/3
- If another sell-off were to ensue, watch for a break and close below 1396 for a new lower-low in the market.
My Opinions & Trades:
- Sold second 1/2 of GTAT position at $6.67. Overall made 1.6% on the trade.
- Stopped out of SHLD at $68.67 for a -4.1% loss.
- Bought TMO at $59.91.
- Bought LEAP at $6.45.
- Current stop-losses have been adjusted across the board.
- ALXN stop-loss moved up to $111.00
- Stop-loss for NLSN at $29.80.
- Stop-Loss for WYNN increased to $111.50.
- Stop-Loss for BEAV adjusted to $40.90.
- Stop-Loss for IACI moved to $52.25
- Remain long IACI at $52.59, PNR at $43.85, BEAV at $40.75, WYNN at $107.47, NLSN at $28.70, and ALXN at $102.53
- Track my portfolio RealTime here.
Charts:

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 talks what a dividend portfolio should look like, how much he allocates to his dividend investments and how he manages the risk on his dividend stocks & ETFs, as well as drilling down into the basics of dividend stocks.
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.
