March 28, 2008
To end the week, the market left a sour taste in the mouths of investors. Faced with continued worries over the state of the economy and the ability of the financial markets to weather the storm, the market used today to give back some of the gains that it has made over the past two weeks.
Stimulus packages, lowering interest rates, infusing liquidity into the banks themselves helps to an extent, but won’t solve the credit problems that currently exist. The free market has to work its problems out, and in order to do such, it is best if we take a more “hands-off” approach to doing things. Yes, there may be more BSC catastrophes out there, but to keep propping up the financial markets artificially, only delays the inevitable. Let us first say though that we are not preaching a ‘gloom-and-doom’ scenario, instead to the contrary, we may be able to get ourselves out of this mess quicker if we let the cards fall where they may, pick up the pieces, and start moving forward once again. By using governmental intervention to preserve the market at its current levels, may help for a time, but we will end up back to where we were the past three months – namely January’s lows. Those lows may in fact be the bottom of this market, and we are inclined to believe so, but we need to see the financial markets come to a free-market/laissez-faire solution to the bear market we currently find ourselves in.
Let’s review the charts…
Pessimism continued with its ways today, as the NASDAQ, slipped below the 50-day moving average on light volume. Whether this is just a pullback, in the latest attempt at a bull rally, remains to be seen. Protect your capital at all costs.
CLICK HERE FOR THE NASDAQ CHART
S&P dropped below the downward trend line (or the descending level of resistance). While the gains from the past two weeks look impressive, the losses from the past three days put a damper on those gains.
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.
In this podcast episode, Ryan turns his attention to surviving a stock market crash as well as the actions that he has taken to be profitable during the down turn with his trading, and doing so without a heavy emphasis on shorting stocks.
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 💰
My Website: https://shareplanner.com
— — — — — — — — —
🛠 TOOLS OF THE TRADE 🛠
Software I use (TC2000): https://bit.ly/2HBdnBm
— — — — — — — — —
📱 FOLLOW SHAREPLANNER ON SOCIAL MEDIA 📱
X: https://x.com/shareplanner
INSTAGRAM: https://instagram.com/shareplanner
FACEBOOK: https://facebook.com/shareplanner
STOCKTWITS: https://stocktwits.com/shareplanner
TikTok: https://tiktok.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.