CrowdStrike (CRWD) sideways trading for the past 3 months, and forming a topping pattern on the verge of a breakdown here at support.
Advanced Micro Devices (AMD) clinging to the trend-line, but getting very little bounce/separation so far.
Discretionary/Retail is a key sector Discretionary Sector (XLY) to be watching here. Trying to hold that rising trend-line but not getting much lift off of it so far. If it rolls over, likely the rest of the market follows.
Nice bounce off of support for McDonalds (MCD) but the double top setup for an extended breakdown remains alive.
Ultra Natural Gas (BOIL) in one long basing pattern going back to April. Watch for the breakout if it can ever get back up to $80.
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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.
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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.
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