Its quickly getting ugly again with the market already posting losses of over 1% and quickly approaching 2%.
With an evening star candle pattern forming on SPX and much of Friday’s candle already being lost on SPY, the bears are starting to reload their short positions.
I’ve also added a couple myself, and you can get my full watch-list below and as you see fit, adding a few short candidates to your portfolio. Just know the risks that come with shorting stocks and plan your risk strategy accordingly.
Here’s my list of short setups:
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.
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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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