After Monday’s strong rally, Wall Street isn’t showing a huge desire to push the market higher as futures show the Dow currently down 26 points, 5 points on the Nasdaq and another 4 on the S&P. Today’s economic reports include ADP Employment Report at 8:15am EST, followed by the ISM Non-Manufacturing Index at 10am, but the most important report will be the FOMC Minutes that will be released at 2pm.
Here are Today’s Trading Ideas…
Potential Swing Trades (Long): RGR, MGM, NTT, TRA, CPN
Potential Swing Trades (Short): KO, FAF, FRPT, LPS, GOV
Stocks Ready to Bounce: TMO, ANN
Stocks Ready to Pullback: WFT
Breakout Stocks: TC, FIS, WLT, DOW, CHK, SNI
Breakdown Stocks: NFLX, WSO, ITT, EXP
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.
New traders often burden themselves with the need to make trading fun and exciting, when in reality successful swing trading is all about making it as boring as possible. In this podcast episode, Ryan explains why it is so crucial to make trading as boring and dull as possible and to avoid the need to make trading thrilling and adventurous, because the latter will keep success out of reach.
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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