On Friday, the market demonstrated that it still had signs of life.
Today the market doesn’t seem as certain, but nonetheless, it is still staying right near the new closing highs established last week.
I’m cognizant of the fact that SPX has rallied over 100 points since establishing last August’s lows. I’m also aware that the market doesn’t go up in a straight line either. As a result, I am being a bit cautious at these levels so that if there is a pullback, I am able to weather the storms, and also put my self in a position, where if I have to, to benefit from the market with some short positions. Right now I have none, and have no plans in adding any just yet.
Here’s the bullish list of trade 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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