Despite a double beat, SoFi Technologies (SOFI) was unable to push through declining resistance.
CBOE Market Volatility Index (VIX) giving up a lot of its gains from the past three days. A break back below support could signal a dead-cat bounce for equities underway.
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Two developments in Rivian Automotive (RIVN) today: 1) Broke its rising trend-line off of the April lows 2) Testing price level support at $15.50
Financial Sector (XLF) breached support on Friday, but a solid gap higher today. I wouldn’t feel comfortable about playing the bounce until I can see whether it is able to sustain this bounce into the close
Welcome to Swing Trading the Stock Market Podcast!
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In today's episode, I talk about tightening the risk on the trades and the benefits of taking a multi-pronged approach in doing so between profit taking and raising the stops. Also, I cover how how aggressive one should be in adding new swing trading positions and how many open positions that one should have at any given time.
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