We are only about 5 points removed from another set of all-time highs on the SPX. Honestly I’m getting tired of writing that for the 100th time this year. But hey it is what it is (I swore to myself I would never use that expressions to describe something…oh well).
Nonetheless, let’s tackle tonight’s watch-list for tomorrow’s market. Don’t forget Twitter (TWTR) starts trading. I don’t have any plans for trading it, but there is a good chance Oscar (@fuinhaz) may get some intraday trades in on it.
Here’s the swing setups:
Long: Pulte Homes (PHM)
Long Textron (TXT):
Long Aruba Networks (ARUN):
Long The ExOne Company (XONE):
Short Acadia Pharmaceuticals (ACAD):
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.
Refusing to take a loss when the trade has turned, and the reason for getting into the trade in the first place is no longer valid, is one of the biggest problems traders face. In this video, Ryan Mallory discusses the pitfalls that comes with refusing to take the loss and instead opting to become a bagholder on one's trades.
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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