My Swing Trading Approach
I took a position fading the market’s gap up yesterday and held it overnight. Ahead of tomorrow’s market closure, I suspect volume will be notably lower, and a willingness to continue pushing the market further into overbought conditions will prove difficult. I won’t be overly aggressive in either direction today, but will consider adding 1-2 new swing-trades to the portfolio today.
Indicators
- Volatility Index (VIX) – VIX dropped another 9% yesterday, and finished just above the 200-day moving average and above the 16 level and the November lows.
- T2108 (% of stocks trading above their 40-day moving average): An 11% rally yesterday pushed the T2108 up to 49. The highest such move since 9/21 and a breakout for the indicator.
- Moving averages (SPX): Broke the 50-day and 200-day moving averages before pulling back to the 50-day perfectly and bouncing yet again. Now trades above all the major moving averages for the first time since early October.
- RELATED: Patterns to Profits: Training Course
Sectors to Watch Today
Energy had a huge bounce yesterday that led the market higher, but still in a well defined downtrend, and marginally off the recent lows. Materials developing a double bottom currently, but still, significant improvement is needed. Utilities hitting new all-time highs, and while Technology has had a solid run off of the November lows, the fact remains that it is still in the midst of a series of lower-lows and lower-highs.
My Market Sentiment
The market did little to nothing to increase its gains following its massive gap higher. Instead it formed a doji candle with a gap left to be filled below. Yesterday’s rally did not do enough to break through key resistance as shown below. Establishing a higher-high will be key to reversing the current trend of this market.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 1 short position.

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.
In today's episode, Ryan dives into stop-losses, where he places them and how he goes about deciding where the ideal stop-loss placement is for each of his trades. Ryan also explains why doesn't use trailing stop-losses and only uses manual stop losses in his swing trading.
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
📈 START SWING-TRADING WITH ME! 📈
Click here to subscribe: https://shareplanner.com/tradingblock
— — — — — — — — —
💻 STOCK MARKET TRAINING COURSES 💻
Click here for all of my training courses: https://www.shareplanner.com/trading-academy
– The A-Z of the Self-Made Trader –https://www.shareplanner.com/the-a-z-of-the-self-made-trader
– The Winning Watch-List — https://www.shareplanner.com/winning-watchlist
– Patterns to Profits — https://www.shareplanner.com/patterns-to-profits
– Get 1-on-1 Coaching — https://www.shareplanner.com/coaching
— — — — — — — — —
❤️ SUBSCRIBE TO MY YOUTUBE CHANNEL 📺
Click here to subscribe: https://www.youtube.com/shareplanner?sub_confirmation=1
🎧 LISTEN TO MY PODCAST 🎵
Click here to listen to my podcast: https://open.spotify.com/show/5Nn7MhTB9HJSyQ0C6bMKXI
— — — — — — — — —
💰 FREE RESOURCES 💰
My Website: https://shareplanner.com
— — — — — — — — —
🛠 TOOLS OF THE TRADE 🛠
Software I use (TC2000): https://bit.ly/2HBdnBm
— — — — — — — — —
📱 FOLLOW SHAREPLANNER ON SOCIAL MEDIA 📱
X: https://x.com/shareplanner
INSTAGRAM: https://instagram.com/shareplanner
FACEBOOK: https://facebook.com/shareplanner
STOCKTWITS: https://stocktwits.com/shareplanner
TikTok: https://tiktok.com/@shareplanner
*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
