Good morning everyone – looks like we have some insecurity this morning as we await jobless claims. As it stands right now with the futures, the Dow is down 27 points, the Nasdaq is down 5.25 points, and the S&P is down 3.75. The Jobless Claims report that is set to be released at 8:30am EST is the only report of significance today.
In my portfolio, the only change that I have made of late is increasing the stop-loss in LXK to 24.83. I still don’t see any point in buying stocks in a market that is as overbought as we are right now. So I remain about 50% cash right now.
Here are Today’s Trading Ideas…
Potential Swing Trades (Long): CROX, GEF, QSII, BW, MI, WAB
Potential Swing Trades (Short): PFCB, VMI, BGG, VZ, UHAL
Stocks Ready to Bounce: ACL
Stocks Ready to Pullback: ENG, STEC, LIZ, MLI, SYNM, MMR, ORCT, SHFL, HTCH, EPD
Breakout Stocks: QSII, MOO, HP, RAD
Breakdown Stocks: PRE, FFKT, SRDX, BKMU
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, I start a two-part series on the rise of the retail trader and the growing impact they have in today's stock market. I also talk about how this impacts your trading and the stock market going forward.
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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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