Archive for the ‘ETF Trading’ Category

Swing Trading Week in Review – September 7, 2012

Sunday, September 9th, 2012

Swing Trading BLOG – Swing Trading BOOT CAMP

Well let me start off this update by telling you that for some reason I cannot log into my esignal account.

With that being said I will try to update the charts for this post as soon as I can log back in.

Well the BULL keeps on keeping on!

Traders watched as the market moved to NEW HIGHS this holiday shortened week.

Tuesdays low volume sell off was followed by 3 days of up side continuation put the market into NEW HIGH territory.

This recent move has the indices moving through the highs that were established earlier in the year.

This comes after banging into this level a few weeks ago and pulling back a bit closer to the 50 day SMA.

The price action and volume patterns we saw in the market this week were damn near text book perfect.

Both day and swing traders jumped on stocks and ETF's  that were breaking out of nice chart patterns on increased volume.

The "big boys" $GOOG, $AAPL and $AMZN all continue to rally.

The Financials and Homebuilders were rockin with $XHB, $GS and $JPM making some nice moves to the UP side.

Gold, MIners and Silver all gapped up and rallied to close the week.

If you look through all the charts you will see we had quite the week!

This weekend I listened to a lot of people talk about getting into the market.

After hearing that I would tell you short terms traders out there not to chase this market.

Sometimes a runaway BULL move can be a move that whacks your trading account in a big way.

Novice and part time traders often think that because the move is so strong it really doesn't matter how, why and where the enter a position.

The think they don't need a trading plan.

I can tell you first hand that this is the furthest thing from the truth.

Chasing a move can lead to quick losses. 

These losses will shake your confidence in a hurry if you aren't careful.

Once you lose your confidence the game is over…period.

Rarely do you see someone succeed when the are trading "scared money".

As a professional trader you learn to let your trades come to you.

You learn not to chase a move.

You learn that this isn't the only move you will see in the market.

You learn to never force a trade.

There will be plenty of moves in the market…I guarantee it.

Patience is the key.

As we go into next week just remember that.

Until next week…Good Trading to YOU!

Direxion Plans another “Bearish” Bank ETF

Thursday, June 7th, 2012

Direxion plan to launch a new BEARISH BANK ETF to the mix.

The new NON LEVERAGED fund could be a competitor to the Proshares SHORT Financials ($SEF).

The new fund would track the results of the Financial Select Sector Index, the same index tracked by the Financial Select Sector SPDR, instead of the Russell 1000 Financial Services Index which $FAZ tracks.

The full article is here:

Direxion Files Plans to Introduce Another Bearish Bank ETF (FAZ, FAS, XLF)

Swing Trading Week in Review – February 17, 2012

Sunday, February 19th, 2012

Swing Trading BLOG – Swing Trading Boot Camp

DIA - Swing Trading

Creeping Higher!

The market rallied to new highs again this week but it was a little slow in the making.

Monday traders watched as the market GAPPED UP and a decent GAP DOWN last Friday.

Tuesday we watched as the market sold off all day only to put in a rip to the close the last 30 minutes of the day.

Wednesdays price action put a lot of fear into the market and had most traders talking about a sell off.

The market spoke loud and clear on Thursday though as it ripped right out of the gate and closed near the high and above the high of Wednesdays trading.

This is why we always form our own opinions by listing to what the market is telling us. We never try to outguess the market.

Did Wednesdays price action and volume tell us anything?

Of course it did.

But we executed our trading plan accordingly and let out LONG trades play out despite all the talk of the "sell off" that was now upon us.

We did NOT change our plan and exit our positions based on what we thought "might" happen.

We were rewarded nicely for being so disciplined.

If you "hit the bid" on Wednesday you might find yourself now chasing stocks up or waiting for the next move to happen.

Stocks and obviously very bullish right now but there will be a retrace in the market sooner or later.

As we look forward trading on Tuesday there are plenty of stocks setting up for potential trades.

A few on our Watch List?

$WFC - Swing Trading Blog

$M $CBRL $WFC $DOW $RIG $HAR to name a few.

Until next week…Good Trading to You!

Swing Trading BLOG – Week in Review February 10, 2012

Sunday, February 12th, 2012

Swing Trading BLOG – Swing Trading Boot Camp

$DIA - Swing Trading ETF

The Rally continues but…

The market drifted higher this week extending the rally that started at the beginning of the year.

So where does the "but" come in?

Well Fridays price action left swing traders wondering if the market has reached its peak (at least for now).

Friday traders watched as the market GAPPED DOWN and sold off in the morning only to rally and close at its high.

The sector action was interesting as well. We watched as some of the strongest sectors either "stalled" or began to pullback even as the overall market pushed higher.

The ultra strong Homebuilders ETF ($XHB) traded sideways all week.

$XHB - Homebuilders ETF

The Retail ETF ($RTH) did the same.

$RTH - Retail ETF

The Airlines ($FAA), Real Estate ($IYR) and Materials ETF's all started to retrace this week.

$FAA - Airlines ETF

One sector to watch that outperformed the market this week was the Solar ETF ($TAN).

$TAN - Solar ETF

As far as individual names go there were some great moves and the charts still look great.

$NE, $HAR, $AKAM, $V, $VECO, and $WFM turned in a great week!

$WFM - Swing Trading Stocks

As we look at the swing trading charts we see a lot of stocks that are still looking very bullish.

Some of the best swing trading indicators are flashing signs of being "overbought" though.

The overall market does continue to show signs of being a bit extended and Fridays trading action leaves us wondering what next week will bring.

So what do swing traders do in a time like this?

Stay true to your plan.

You see  we always have a plan…and so should you!

We know exactly what we will do if the market turns down to make a run back towards the 50 day SMA.

We also know what we will do if the market jumps out of the gate on Monday and rallies to new highs.

We have our plan in place well before the market opens each and every day.

Do you know exactly what you will when the market opens on Monday?

Have a plan in place BEFORE the market does whatever it is going to do.

Once it does simply take action based on the plan you have already laid out.

Not only is trading a lot less stressful when you do this it also helps take the emotion out of your trading decisions.

Until next week…Good Trading to YOU!

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