I am back up and operational after yesterday’s screening issues. Asian markets were up last night over 1% with the Hang Seng up 2%, while European markets are slightly in the red. We have a load of reports today that’s summation will determine whether this market is going to build upon yesterday’s strong rally. We have ICSC Store Sales (7:45am), Redbook (8:55am), Case-Shiller Home Price Index at 9am, Consumer Confidence Index at 10am and finally the Investor Confidence Index (at 10am also). No doubt we got a lot going on today as Futures are currently flat on the Dow, NASDAQ down 5 points, and the S&P is down 1 point. I’m looking at putting out a stock pick prior to the open today – so be sure to check back for that…
Here are Today’s Trade Setups…
Long Setups: AOB, AVT, BOH, BP, CSTR, DCI, FMBI, FSIN, GFF, IBKR, MCY, NYX
Short Setups: CMO, GA, HOGS
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
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Emotional trading will destroy one’s portfolio. Aiming to hit home runs with every trade is a sure sign that the trader is overly emotional and only cares about fast money. In this podcast episode Ryan explains how chasing after stocks like MicroStrategy (MSTR) without a plan for managing the risk can ultimately ruin a trader’s attempt at being a successful swing-trader.
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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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