The Chart of the Day…
Quick Glance at the Market Heat Map and Industries
Notables:
- Technology continues to look plain awful!
- Merck (MRK), McDonalds (MCD), and Proctor & Gamble (PG) is loving life… for today at least.
SharePlanner Compass:
This compass arrow is starting to shake quite a bit – we closed right on the day’s trend-line off of the June lows. Break it and we go pullback mode.
And of course…the RIDICULOUS!
I’m a big fan of Paul Ryan, and wish he was running for President. I’m also not so much a fan of the person to the left of him. So as you can imagine this talk about the deficit and spending problems in DC just about made me pull out all my hairs. Enjoy!
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.
Trading what you see and not what you think is one of Ryan's popular trading expressions that he has lived by in his 30 years of trading experience. In this podcast episode Ryan explains why it is so important to not think your way through the market but to be a trader who sees what to trade and reacts accordingly. If you are struggling as a trader, it may very well be that you aren't seeing but thinking your way through your swing 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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