S&P 500 (SPY) and Nasdaq 100 (QQQ) both made major moves via technical analysis when broke through their declining trend lines on their respective charts. These trend-lines go back over a year, and this is the first time that these ETFs have managed to break through!
SPY ETF was saw price get rejected at its key declining trend line. The S&P 500 could not continue the rally with year long resistance overhead. In this video I provide my latest technical analysis on the SPY ETF and S&P 500.
Having your stop-loss hit isn't the worst thing in the world. Despite the immediate loss that it often brings, it also furthers a winning strategy by keeping your losses small while allowing your profits to rock. In this episode, Ryan Mallory explains how stop losses increases one's profitability by equating it to a simple football
Big gains are great for the portfolio, but more times than not they come as a result of taking on big risks. Often times with traders, new and experienced, is the willingness to overlook the incredible risk that is required to get the kind of gains they are in search of. Remember with trading that
Trend-lines and how Ryan Mallory draws them. Do they have to be perfectly touching the candle or is there some other method for drawing them? And then Ryan talks about how Fibonacci retracements fits into his trading style. Whiskey: Old Forester 1910 Be sure to check out my Swing-Trading offering through Patreon that goes
My Swing Trading Strategy I added another long position yesterday and will look to increase the value of my current positions before adding anything new to the portfolio. I don’t see myself adding any more than one new position today. Indicators Volatility Index (VIX) – Traded higher 1.7% yesterday, but was due for a bounce of
My Swing Trading Strategy I did not add any new positions on Friday, but now with SPX having closed above key resistance, opens me up to additional long positions. Indicators Volatility Index (VIX) – Broke support at the 13.39 area, and dropped into the 12’s with Friday’s move. Good chance we could see a sustained
My Swing Trading Strategy I added one additional swing-trade to the portfolio yesterday, while keeping my remaining two that I started the day with. I am open to adding one additional position today, but may stay put on the sidelines until we can see price action close above overhead resistance on SPX. Something that it
My Swing Trading Strategy I did not add anything yesterday, because I was holding off to see whether the bulls could close above the heavy resistance overhead. It did not. I may add a new position today, if the bulls can come out of the gate strong and maintain that strength. I booked gains yesterday
My Swing Trading Strategy I added a new trade to the portfolio yesterday, but with low volume yesterday and a market that seemed non-committed, I’ll be very patient before adding a new position today. Indicators Volatility Index (VIX) – A third day of declines sends the VIX 3.9% lower down to 13.77. Back near the March