I’m a bit surprised this market isn’t down 30-40 handles on SPX today.
I also can’t remember when a company like Apple (AAPL) has been able to warn on earnings guidance and only take just over a one percent hit in the process. I remember the January 2018 decline when they did something similar and the stock dropped 10% as a result. But not this time, instead, just like everything else that has hit this market, you buy the dip.
On a positive note, I closed out the last leg of my Virgin Galactic trade at 33.41, from 18.98 for a solid +76% profit, in just over a week of work.
Below you’ll find my latest rendition of my bullish watch-list that I am following this week. I’ve added one new trade from the list today and I’m up about 3% on it so far. So things are definitely seeing a lot of pop still. I’ll be closing out one of my software trades due to upcoming earnings here today, so I’ll likely be fishing for a new long-setup to add to the portfolio.
Here’s the bullish watch-list for this week:
Welcome to Swing Trading the Stock Market Podcast!
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In today's episode, Ryan answers the questions of one listener ranging from his transition from paper trading to live trading, and swing trading to day trading. Also addressed is his approach to trading, specifically Fibonacci retracement levels and why Ryan prefers Pivot Points instead.
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