With the FOMC behind us, the market can breathe a sigh of relief that there wasn’t a surprise interest rate hike. But really the overall market reaction to the news was more “meh” than anything else. 
With that said the Weekly SharePlanner Reversal Indicator is now hovering at extremes. If you get my morning analysis each day, I provide on the Daily SPRI, you’ll see that it too is at extremes for the past week or two (you can get it by signing up for the free morning newsletter on the right hand side of this page –>)
So while the extreme reading indicates that a reversal is on the horizon, it doesn’t necessarily mean it will happen overnight. In fact, it is more than likely it will be another couple of weeks before we see anything substantial.
Also, fight the urge to be the hero, to try and front run the market by timing a market top. Rarely does one ever predict it, and more times than not, it winds up being an expensive hobby with little to show for. Instead, follow price, and right now it is still consolidating over the last 10 days with a lean towards towards more highs.
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.
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.
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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