There is not much to say today besides the fact that we have to wait for the fed decision to come out at 2:00pm.
I personally will not trade much today until I see a significant move in the market. I highly suggest you to do the same.
$SPY 1st support is 165.55, 2nd support 164.47 and 3rd is 163.38.
$SPY 1st target is 166.89 and 2nd is 169.07.
Trade what you see, not what you think
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.
Passive investing can be a great source of funds for retirement and for building a nest egg. In this podcast episode, a husband and wife asks Ryan's thoughts on building a SPY position on just $2/day. While consistent building a nest egg, is great, the timing and strategy in doing so is just as important.
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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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