Swing Trading Week in Review – March 11, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

$DIA

This week the markets continued to show signs of weakness as the major indices flirt with their 50 day SMA's.

The "strong" sectors we mentioned last week ($XLE, $OIH, and $USO) stumbled hard this week which adds fuel to the fire.

Another previously "strong" sector fell pretty hard this week as well.

Here is a look at the Semiconductor ETF ($SMH)…

$SMH

A "bounce" may be in order soon but keep a close eye on this sector!!!

The market is at a very pivotal point here and this week should give us a good idea of things to come!

Plan accordingly and, as always, be prepared for whatever the market decides to do from here.

Until next week…Good Trading to YOU!

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