Tim Bourquin: Hello, everybody and welcome back to TraderInterviews.com. Thanks for joining me for another interview. We're going to be speaking with Ryan -- Ryan Mallory and we're going to talk to him about how he trades, how he finds good opportunities in the markets, and basically maybe his story about a trade or two that he's had recently if we can talk him into doing that. So Ryan, thanks very much for joining me on the phone today. 

Ryan Mallory: Thank you. Thank you for having me.

Tim Bourquin: All right. So let's first start off by asking you, what kind of trader are you -- a swing trader, a day trader, that sort of thing, and then what markets do you like to trade?

Ryan Mallory: Primarily, I'm a swing trader. There are times when I'll meddle in the day trades and it has to be a pretty good setup for me to like them. But primarily, I would say 90% of my activities is based on swing trades. Equity markets is my general focus so I really don't do any options or futures trading but I do go long and short on anything in the equities basically.

Tim Bourquin: Okay. What percentage these days are you doing long and shorts of each other?

Ryan Mallory: Typically, the way I trade at times I will have a mixture of long and short setups, at other times I'll be solely long. Right now I am completely long in the market but I have about 50% of my cash sitting on the sidelines waiting to put more to work.

Tim Bourquin: Okay.

Ryan Mallory: Oh, I'm sorry. Go ahead.

Tim Bourquin: No, I was just saying -- actually, it surprises me a little bit because the people keep talking about, "Wow! This market is a little toppy" and that sort of thing, but I sense that you think there's more room to go here.

Ryan Mallory: Well, it's definitely been a tough market especially when you look where we came from the April highs and we pushed much lower and then -- that summer was a very difficult time for trading with just the set and reversal that you have seen in the market. But since the September lows, the market has actually seemed to get a little bit more predictable and knock on wood, but I mean it seems that with the break in the recent April highs and it's trying to move even higher today after a morning sell-off. It seems like there's a lot of buying activities still making its way into this market here.

Tim Bourquin: Now, I know a lot of traders can get into trouble if they try to force their views on the market because the fundamental news says the market is going lower. Are you purely a technician or do you watch news and events and that sort of thing as well?

Ryan Mallory: I'm a technician, yes, because if I was trading off of fundamentals I think I'd be completely short because I -- the economy doesn't look that good. I mean even with the jobs report this morning. Yes, it was improving, but I mean you still have a lot of people losing their jobs right now and the unemployment rate isn't improving and we're spending money from a federal level just all over the place. So there's every reason to think that from a fundamental level we're going to go lower. But in the charts are as healthy as they can be when you look at it from the September lows and onward.

Tim Bourquin: I totally agree with that. There are all kinds of bad news and I think that inflation is coming, no one's going to double in price tomorrow but let the markets -- you got to -- if you're a technician you got to believe what the charts are telling you. So maybe we should focus on that and let's talk about some garden variety charts that you like to watch. What kind of time frames are you interested in looking at and then indicators, that sort of thing? What kind of things do you put up on your charts?

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