Discretionary as a whole, looking very vulnerable on the daily and weekly charts. Close to breaking major support here. $XLY
$AMC held in dramatic fashion this week the rising trend-line going back to January. Reward potential should be concerning going forward, as it continues to shrink by the day.
Even $NKLA is getting some love today. Holding on to major support.
$GRTS nearing a breakout of long-term resistance. Careful buying at current price, better to wait for it to break resistance at this point.
Welcome to Swing Trading the Stock Market Podcast!
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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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