Wall Street got off to a great start yesterday, and is trying to keep it going today as earnings season is right around the corner. Currently Futures has the Dow up 9 points, and the Nasdaq and S&P up 1 point each.
On the economic front, we have ICSC-Goldman Store Sales at 7:45am EST, Redbook at 8:55am, Factory Orders and Pending Home Sales at 10am. Be sure to check out last night’s post to see the changes to my portfolio – namely the tightening of the sop-losses.
Here are Today’s Trading Ideas…
Potential Swing Trades (Long): WNR, GS, NPBC, ENDP, L, ICGE, ADX, PGH, PTR
Potential Swing Trades (Short): CNW, HIW, ACL, OREX
Stocks Ready to Bounce: SFD, HTS, NLY
Stocks Ready to Pullback: FIT
Breakout Stocks: RURL
Breakdown Stocks: NVS, OPEN
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.
With everyone buying the SpaceX (SPCX) IPO, it is time to have a discussion about these initial public offerings, and how it is likely to ruin many traders and investors portfolios. In this podcast episode, Ryan Mallory details the traps and potential problems that you must know about when it comes to trading stocks and their IPOs.
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
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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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