The Chart of the Day…
Quick Glance at the Market Heat Map and Industries
Notables:
- While the market was up overall on the day, there was some real gomers in the S&P – particularly in Health-care. Telecom showed some weakness as well with VZ and T.
- Throw Consumer Goods and Utilities in as two more sectors that notably lagged the market.
- Basic Materials and Financials carried the market again today. Solid days for them.
SharePlanner Compass:
Two consecutive days outside the upper bollinger band leads me to believe we need to see some consolidation here before pushing for 1500.
And of course…the RIDICULOUS!
It’s not tied to any current events right now, just found it incredibly funny…and is it just me or is that Kelsey Grammer at the end there as the bird-man?
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.
With everyone buying the SpaceX (SPCX) IPO, it is time to have a discussion about these initial public offerings, and how it is likely to ruin many traders and investors portfolios. In this podcast episode, Ryan Mallory details the traps and potential problems that you must know about when it comes to trading stocks and their IPOs.
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
📈 START SWING-TRADING WITH ME! 📈
Click here to subscribe: https://shareplanner.com/tradingblock
— — — — — — — — —
💻 STOCK MARKET TRAINING COURSES 💻
Click here for all of my training courses: https://www.shareplanner.com/trading-academy
– The A-Z of the Self-Made Trader –https://www.shareplanner.com/the-a-z-of-the-self-made-trader
– The Winning Watch-List — https://www.shareplanner.com/winning-watchlist
– Patterns to Profits — https://www.shareplanner.com/patterns-to-profits
– Get 1-on-1 Coaching — https://www.shareplanner.com/coaching
— — — — — — — — —
❤️ SUBSCRIBE TO MY YOUTUBE CHANNEL 📺
Click here to subscribe: https://www.youtube.com/shareplanner?sub_confirmation=1
🎧 LISTEN TO MY PODCAST 🎵
Click here to listen to my podcast: https://open.spotify.com/show/5Nn7MhTB9HJSyQ0C6bMKXI
— — — — — — — — —
💰 FREE RESOURCES 💰
— — — — — — — — —
🛠 TOOLS OF THE TRADE 🛠
Software I use (TC2000): https://bit.ly/2HBdnBm
— — — — — — — — —
📱 FOLLOW SHAREPLANNER ON SOCIAL MEDIA 📱
FACEBOOK: https://facebook.com/shareplanner
*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
You Might Like
South Korea: The Hidden Driver of US Tech Volatility
Stop Trying to Hit Home Runs: Start Trading Within Your Means
How to Trade Breakouts Without Getting Trapped