Sector ETF’s | Swing Trading Boot Camp

Archive for the ‘Sector ETF’s’ Category

Swing Trading Week in Review – June 15,2012

Sunday, June 17th, 2012

Swing Trading BLOG – Swing Trading BOOT CAMP

A nice week for the major indicies this week.

That being said was probably better to be a day trader this week instead of an overnight swing trader.

The intraday moves were very nice and offered reliable chart patterns to trade while the over night moves were less predictable.

See how we trade our Intraday Swing Trading Strategy here.

After a BIG GAP UP on Monday morning the sellers stepped in to bring the market down to end the day.

Tuesday didn't draw much excitement but starting on Wednesday the market started to show signs of moving higher.

Fridays close brought the DJIA right up to its 50 day SMA while the S&P and Nasdaq aren't far behind.

A few of the sector ETF's showed signs of life as well while others are showing extreme relative weakness.

The Gold ETF's continue to trade above their 50 day SMA's and although Silver hasn't quite caught up just yet it looks to be showing signs of strength.

As next weeks trading begins things could change in a hurry.

With all the news coming out next week be prepared for the markets to move very quickly. One side will win the "tug of war" and you will miss the moves if you aren't ready.

Look for stocks bucking the down trend (i.e. $WFM $EQIX) to add to your LONG watch list.

Look for those stocks that did not hold up well this week to add to your SHORT watch list.

Have a plan in place so whatever the market decides to do from here you will be prepared to act (and hopefully profit).

Until next week…Good Trading to YOU!

Tags: ETF Swing Trading, Sector ETF's, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Strategies
Posted in ETF Swing Trading, Intraday Swing Trading, Sector ETF's, Swing Trading Blog, Swing Trading Chart Patterns | No Comments »

Swing Trading Week in Review – June 8, 2012

Sunday, June 10th, 2012

Swing Trading Blog – Swing Trading Boot Camp

Swing Traders watched as the market puts in it's best week of the year this week.

After nothing but doom and gloom and talks of the next wave of the recession looming the market took off like a rocket this week.

But not everything is peaches and cream in stock market land just yet.

For one thing the volume on the recent UP move has been lackluster at best.

You can't really argue that it's summer time since the SELLING VOLUME we saw just 2 weeks ago spoke loud and clear.

Secondly all three indicies and almost every sector ETF are still trading below their 50 day SMA's.

The markets haven't traded under their 50 day SMA's for this long since the third quarter of last year.

And finally we still have plenty of overhead resistance to break through before I would start looking for the bull to return for any length of time.

Lets be honest…it still a bearish short term market (for now).

So what is your swing trading strategy in a market like this?

Our strategy remains the same. We SHORT (or use inverse ETF's) we the market is weak and go LONG when the market is strong.

At times of transition in the market we start to see less follow and tend to get stopped out a bit more.

As SHORT TERM TRADERS these are the clues that keep us on the right side of the market.

If the market does start to turn to the upside we will notice and hopefully be able to profit from it.

Have a trading plan in place so whatever the market decides to do from here you will be ready.

Until next week…Good Trading to You!

Tags: 50 Day SMA, ETF Swing Trading, Swing Trading Blog, Swing Trading Strategies, Swing Trading Volume
Posted in ETF Swing Trading, Sector ETF's, Swing Trading, Swing Trading Blog | No Comments »

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)

Tags: Bank ETF, ETF Trading, Inverse ETF, Non Leveraged ETF
Posted in ETF News, ETF Trading, Inverse ETF's, Sector ETF's | No Comments »

Swing Trading BLOG – Week in Review February 10, 2012

Sunday, February 12th, 2012

Swing Trading BLOG – Swing Trading Boot Camp

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.

The Retail ETF ($RTH) did the same.

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

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

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!

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!

Tags: 50 Day SMA, ETF Swing Trading, Learn Swing Trading Strategies, Retail ETF, Sector ETF's, Swing Trading, Swing Trading Blog, XHB
Posted in ETF Swing Trading, ETF Trading, Price Action Trading, Sector ETF's, Swing Trading Blog, Swing Trading Chart Patterns | No Comments »