Like yesterday the market is showing some pre-market weakness heading into the open. However, it’s all a mute point until we get the Jobless Claims at 8:30, then we’ll get a better idea for where this market is heading. Asian markets are trading in a mixed fashion, but with averages about 1% in the red. European markets continue to trade flat-to-slightly negative. US Futures are showing the Dow down 42 points, NASDAQ down 8 points, and the S&P down 6 points. Along with the Jobless Claims, we have Leading Indicators and the Philadelphia Fed Survey at 10am – but the all important one is the Jobless Claims.
Just to reiterate from last night’s post – I have two long positions in KWK and PETS. If you want to read the write up on these, how I am trading them and why, then click here.
Here are Today’s Trade Setups…
Bullish Candle Setups: DCP
Bearish Candle Setups: MOO, EWZ, ASML, GWW, NG
Stocks Ready to Bounce: PST
Stocks Ready to Pullback: MEE, RDEN, ASML, DCI, YZC, LPSN, GEOY
Breakout Stocks: MON, AAP, DE, PNRA, HE, MRK, CM, NFJ,
Breakdown Stocks: IGD
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.
How should one go from their regular 9-5 job into full-time trading? As a swing trader, we don't have to necessarily be full-time, and instead we can combine our trading into a lifestyle that allows us to maximize our time and earning ability.
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 💰
— — — — — — — — —
🛠 TOOLS OF THE TRADE 🛠
Software I use (TC2000): https://bit.ly/2HBdnBm
— — — — — — — — —
📱 FOLLOW SHAREPLANNER ON SOCIAL MEDIA 📱
*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
You Might Like
The Retail Trading Revolution: How Small Investors Are Reshaping the Stock Market
Fading the Gap: How Large Overnight Moves in SPY and QQQ Play Out During the Trading Day
How to Trade a Bear Flag