The bulls were probably able find some hope in the rally that the market provided them with today, but I wouldn’t put much weight behind the move we saw across the board. For one, the volume was low in comparison to similar moves in the opposite direction. If anything I’d like to see this market rally a few more days, so that we could wear off the oversold conditions we are currently in. At which point I will start loading up on some short positions. As it stands right now, I am 100% cash, and will only look for scalping opportunities on an intraday basis until the market can rally and give me the optimal short setups that I am looking for.
Here are the charts on the Nasdaq and S&P
Welcome to Swing Trading the Stock Market Podcast!
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How does war impact the stock market and what are the potential risks and hazards that impact traders attempting to remain profitable in their swing trading? In this podcast episode, Ryan Mallory covers everything managing the volatility that comes with the headline risk, dealing with heightened levels of emotions, securing open profits, and market exposure to uncertainty in the stock market.
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