Archive for the ‘Technical Analysis’ Category

Swing Trading Blog – Week in Review 1/13/13

Sunday, January 13th, 2013

Swing Trading BLOG – Technical Analysis Video

In this video we take a look at the overall market conditions and some of the strongest ETFs that are leading the market higher.

We look at the $DIA as it starts to trade into an area of possible overhead resistance.

We see how the Financials ($XLF $IYF), Broker/Dealers ($IAI), Real Estate ($IYR), and Homebuilders ($XHB) are showing tremendous relative strength.

 

Swing Trading Week in Review – March 2, 2012

Friday, March 2nd, 2012

Swing Trading BLOG – Swing Trading Boot Camp

$DIA - Swing Trading ETF

Going nowhere in a hurry!

Swing traders watched as the Dow Jones Industrial Average (DJIA) flirted with 13,000 again this week. 

Disappointment set in though as the market failed to make a significant move to the up side.

The NASDAQ did a bit better by rallying up to new highs.

The individual sector again was mixed.

Energy ($XLE) and Oil ($OIH) pulled back this week after a nice rally.

$XLE - Swing Trading ETF $OIH - Oil Services ETF

The Retail ($RTH) and Financial ETF's are sitting at new highs while Real Estate ($IYR), Steel ($SLX) and the Semiconductors ($SMH) are well off their recent highs but still holding their 50 day SMA's.

The Gold ($GLD $GOLD $GDX) and Silver ($SLV) ETF's were a different story.

After showing signs of strength early in the week both sectors got hammered after "the Fed" comments on Wednesday.

Stocks were mixed as well this week.

There are plenty of rock star stocks out there.

$ADBE $WYNN $AAP $ORLY and the ever impressive $AAPL.

$WYNN
All in all this week was a bit frustrating as traders watched for a strong move that never came.

It is still a very bullish market but there are a few signs on slowing in some of the sectors.

Can this market find its legs again?

No one knows for sure but as always be prepared for whatever the market decides to do from here.

Until next week…Good Trading to You!

Swing Trading BLOG – Week in Review – July 15, 2011

Sunday, July 17th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

$DIA - Swing Trading ETF

"There is no doubt that a retrace in the market will happen…it is just a matter of when."

That was a line from last weeks BLOG post.

Well that "when" was this week!

Tuesday the market GAPPED DOWN (again) and continued to show weakness for the entire week.

The major indices are now hovering around their 50 day SMA's are trying to figure out where to go from here.

The strong sectors we mentioned last week (Real Estate, Technology, Retail) have all pulled back after their recent run up.

The Semiconductors and the Financial sector continue to UNDER perform the market.

The Broker/Dealer ETF ($IAI) actually traded down to NEW LOWS for the year this week.

$IAI - Swing Trading ETF

Several stocks started to show signs of life by weeks end so they are worth a watch as we begin trading next week.

The Energy and Oil Service stocks are showing some good trading patterns.

$APC, $COG, $SLB, $HAL and a few on the smaller names are on our list.

We also have our eye on the casino stocks $WYNN, $LVS, $MGM, etc.

Of course we still have the Retail stocks and our "list to watch" from our last BLOG post on this weeks Watch List as well.

$ERTS - Swing Trading Watch

After the nice pull back we saw in the market this week we should see some interesting price action next week!

Oh and don't forget to have some SHORT candidates on your list as well…just in case.

That way you can act on whatever the market decides to do from here (heard that before?).

Until next week….Good trading to YOU!

Swing Trading BLOG – Week in Review – July 8, 2011

Sunday, July 10th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

$DIA - Swing Trading ETF

Traders watched as the indices pushed higher this holiday shortened week.

One thing to point out this week is the fact that an oversold or overbought market can still become MORE oversold or overbought.

A lot of Swing Traders were prepared to SHORT this latest rally but when the market moved higher Wednesday and Thursday some were caught in the mix.

Now if you have a tried and true (and tested!) strategy for trading against the market then have at it!

There are a million ways to make money trading so far be it from us to tell you how to trade.

What we are saying though is don't start trading by the seat of your pants using the latest overbought/oversold indicator or oscillator.

There is no doubt that a retrace in the market will happen…it is just a matter of when.

Friday's price action (Gap Down and Reverse) tells us that the BUYERS are still there.

When we open for trading on Monday that could all change but for now don't try to guess what what the market will do.

As we look at the charts for next week we can see that the market is still extended a bit.

There are a ton of good looking charts to watch in the future.

One sector  that stood out this week was Real Estate.

Here is a look at the chart for the Dow Jones Real Estate sector ETF ($IYR).

$IYR - Swing Trading ETF

From a technical analysis perspective $IYR put in a higher low at the end of last month.

As the market rallied recently $IYR has traded up to a NEW HIGH for the year on Thursday.

$RTH - Swing Trading ETF

The Retail sector ETF ($RTH) has also rallied nicely as is flirting with NEW HIGHS.

Watch out for the possible overhead resistance in the $114 area first though.

The Technology sector is also on our Watch List as we move forward from here.

Here is a look at $XLK

$XLK - Swing Trading ETF

As far as individual stocks go keep an eye on $AMZN, $ERTS, $JAZZ, $ELN, $LULU and $HAL just to name a few.

Like we said earlier there are a TON of stocks that should be on your list this week.

The volatility is likely to continue so keep that in mind as we head into trading this week.

As always have plan in place for whatever the market decides to do from here.

Until next week…Good Trading to YOU!

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