Archive for the ‘ETF Swing Trading’ Category

Swing Trading Update – Price Action And Volume – 4.29.16

Saturday, April 30th, 2016

Swing Trading Blog Update – 4.29.16

Well it was definitely an interesting week to trade the markets this week!

The intraday price action was great, both on the long and short side, but it was a little different for the overnight traders.

After a pullback that started at the end of last week we watched the market move bit higher on Tuesday and Wednesday.

This move up got a lot of traders LONG again…but what a difference a day makes.

The sellers came out in force on Thursday and again on Friday.

This "breakdown" created a lower high in the $DIA and $SPY and both indicies then pushed lower towards their 50 day MA's.

Take a look at the video to see a review of the stocks and ETF's we were watching and trading this week.

ETF's mentioned in the video:

$DIA $SPY $RTH $XLE $OIL $SMH $XHB $XLV $GDX $SLV $XHB $XLF $SLV

Stocks mentioned:

$G $BA $CAT $ABX $SLW $M $ANF $PCAR 

Swing Trading Update 4.22.16

Sunday, April 24th, 2016

Swing Trading Update – April 22nd, 2016

Swing Trading Update - April 22nd, 2016After a 2 day stall to end the week last week the DJIA saw yet another move to the upside this week.

The S&P followed suit while the tech heavy NASDAQ did not.

With that being said there we of course some good swing trading opportunites in both stocks and ETF's.

Oil was the hot sector this week ($USO $OIH $XOP $XLE…)

Oil ETF's - Oil Sector ETF Charts

With the sector being in play there were some good trades in the stocks.

We dont need to look at all the charts ($XOM, $COP, $HAL, $APC, $APA, etc etc etc) since you basically could have traded anything in the sector.

The financial sector ($XLF) also put in a good week.

Swing Trading ETF - Financial ETF #XLF

$GS $AXP $JPM and others have all been hot and put in some pretty text book trade setups this week. 

Another rockstar sector this week was healthcare ($XLV)…

Swing Trading ETF's - Healthcare ETF $XLV

$UNH, $JNJ, $RMD made some nice moves in this secotor.

With the good comes the bad and some of the sectors did not play so nicely though this week.

The tech sector ($XLK) took a beating with a huge gap down on Friday.

Swing Trading ETF - $XLK

As to be expected the semis ($SMH) drifted lower as well.

Othe notable sectors were retail ($RTH), homebuilders ($XHB), utilities ($XLU) and consumer staples ($XLP).

Retail started off strong but fizzeled out towards the end of the week. 

A pullback to watch since it is still within the UP trend channel.

The homebuilders ($XHB) is an interesting one…

Swing Trading ETF's - $XHB Homebuilders

A 7 day sideways trading channel. Now this question is how do you trade it?

With $XLU and $XLP both sectors sold off from a nice lower high pattern and are now trading below their 50 day SMA's.

Sectors to watch if the overall market turns south?

Its a fun market to trade right now but as always have a game plan for whatever the market throws at you.

Until next week…good trading to YOU!

 

Swing Trading Update – 2.5.16

Sunday, February 7th, 2016

Swing Trading Update For Market Close – February 5th, 2016

How was the trading in the market this week?

Well to sum it up…CHOPPY!

After a Monday/Tuesday selloff we saw buyers step back in a push the market higher both Wednesday and Thursday.

Friday we saw the market once again push lower bringing a nice signal to the S&P and the Dow.

The price action on Friday basically broke out of the sideways trading channel created on the first 4 days of the week.

Swing Trading DJIA

The sector ETF's were a mixed bag.

$XLK got smacked around again while $XLE and $OIH had a nice bounce from their lows.

The financials $XLF, Real Estate $IYR and the Homebuilders $XHB are hanging out or heading towards their recent lows.

Swing Trading ETF - $XLF

The other notable sectors of course are the Gold and Silver ETF's.

We mentioned to watch these last week week and $GDX $GOLD and $SLV all had big moves to the upside this week. 

Swing Trading ETF - $GDX

So what should we expect going into next week?

Well the markets have signaled their next move to the downside but…will we see follow through?

Only time will tell.

One the longer term charts we are trading down to areas of support (at least in the past) so we will see if these levels hold.

For we are looking to SHORT the weakest stocks and ETf's and buy strong stocks and ETF's that arent correlated to the overall market.

Look for follow through to the downside but be prepared for whatever the market decides to do from here.

Until next week…Good trading to YOU!

Swing Trading Update – The Retrace – 1.29.16

Sunday, January 31st, 2016

Well for Swing Traders this was the week of the "retrace". Monday we saw the markets drift lower all day but the volume didnt really kick in. Swing Trading Strategies - 1.29.16

Tuesday and Wednesday gave traders a big clue as we watched the market basically fight to find a direction.

On Tuesday the clue was an "up" day on increased volume compared to Mondays "down" day on light volume.

Wednesday we had an "outside" day on even bigger volume with a close on the low end of the trading range for the day.

Thursdays light volume "inside" day let you know that the market was taking a "pause" and would more than likely (nothing is for certain) continue is retrace to the upside soon.

Friday we watched as the market did just that. The $SPY had some nice volume to the upside while the $DIAs volume lagged a bit.

Both charts however showed a good combination of price and volume to at least let you know what side of the market (the long side) was the right side to be on.

As we look through the charts of the sector ETFs we see a few good trade setups assuming of course that you are a counter trend trader.

A long trade in $XLE set up nicely as it did in $IYF and even $XLK for those brave traders.

A note on the GOLD ETF's here…

$GOLD ripped to the highs this week with $GDX and $NUGT looking better as well. $ABX is shaping up and maybe taking a look at Silver $SLX would be wise.

As we look forward to trading tomorrow just remember that we are trading under the 50 day SMA AND that we are in a down channel.

With that being said there is a lot of white space on the charts to the upside if the buyers want to push us back a little closer that 50 day "trendline".

If you are a short term swing trader then look to adjust your risk/reward on these counter trend trades so that the math still works for you.

I personally dont think the we are anywhere near done on the short side but time will tell. In the meantime we will continue listen to what the market tells us and trade appropriately.

We hope you do the same. Until next week…Good trading to YOU!

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