Archive for the ‘Gold ETF’s’ Category

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 Week in Review – January 27, 2012

Sunday, January 29th, 2012

Swing Trading BLOG – Swing Trading Boot Camp

DIA - Swing Trading

Right back to where we started!

All looks good for the LONG side of the market although we ended up finishing the week pretty much where we started.

The major indices did pop up again on Wednesday (on good volume) but quickly reversed on Thursday and drifted a bit lower on Friday.

The sector action was a mixed with some of the stronger sectors taking a breather and some sectors showing some increased relative strength.

The Real Estate sector out performed the market by rallying to new highs this week.

IYR - Real Estate ETF

The REIT ETF ($RWR) also followed suit…

RWR - REIT ETF

The Silver and Gold ETF's ($SLV $GLD $GDX) also sprang to life this week…

SLV - Silver ETF GLD - Gold Shares ETF

The Steel and Airline sectors ($SLX $FAA) are also looking good with several stocks in each sector making nice moves this week.

Keep your eye on $AKS $NUE $X $STLD!

The Semiconductors took a little break this week but keep don't forget about names like $MRVL $CREE $KLAC $NVLS $LRCX next week if the market stays strong.

Even with the market stalling this week some of the stocks we watch seem to have gone to far to fast.

With Silver and Gold showing some bullish price action make sure to keep a close eye on the overall market conditions when evaluating your trade set ups.

Have a plan in place and be prepared for anything!

Until next week…Good Trading to YOU!

Swing Trading BLOG – Week in Review Video – 08/12/11

Sunday, August 14th, 2011

Swing Trading BLOG – Swing Trading Video

Swing Trading BLOG – Week in Review Video – July 29, 2011

Sunday, July 31st, 2011

Swing Trading BLOG – Swing Trading Video

Swing Trading analysis – $DIA $QQQ $SPY

ETF analysis – $XLE $OIH $RTH $SMH $XLI $XLK $XHB

© Swing Trading Boot Camp 2017