Posts Tagged ‘DRE’

Swing Trading Week in Review – March 19, 2010

Friday, March 19th, 2010

Well after the indices continued to rally and make NEW HIGHS for the year early in the week, the market finally ran into some selling pressure on Friday.

The interesting thing to notice, also on Friday, was the HIGH VOLUME the accompanied the sell off.

A few sectors actually started their sell offs a day earlier.

Last week we posted that we noticed that the Energy, Oil and Semiconductor sectors did NOT participate in the recent rally.

And while the Semiconductors (SMH) actually started to show some strength early in the week both the Energy (XLE) and Oil (OIH) ETF's sold off sharply on Thursday and Friday.

Some of the strongest sectors during this last rally, Retail and Gaming, had mediocre weeks but look good moving forward into next week.

Keep an eye on the Retail stocks, the RTH and gaming stocks like MGM, LVS, and WYNN.

One sector that continues to rally strong is Real Estate.

IYR, and stocks like KIM, DRE, O and SPG, all had a good week and also show some potential new BUY set ups for next week.

The Homebuilder sector, (XHB), which has also been showing tremendous strength after breaking above the $16.40 level, has an interesting chart going into next week.

XHB Swing Trading ETF

You can see how XHB ran up to just over $17 after it finally broke out above the $16.40 level.

XHB did sell off a bit on Thursday and Friday on relatively light volume.

This is the exact situation you want to see during a pullback AFTER a BREAKOUT!

As XHB pulls back into the BREAKOUT level of $16.40 we will look for this previous RESISTANCE LEVEL to hold as a new SUPPORT LEVEL.

So after Fridays HIGH VOLUME SELL OFF what can we expect next week?

Well it does seem that the market is a bit overdue for a pullback but, as Swing Traders, we need to be prepared for whatever the market decides to do.

Since the market is SO STRONG we will continue to look for LONG Swing trade set ups in STRONG stocks that are trading in the STRONGEST sectors.

Until next week…Good Trading to you!

Swing Trading Week in Review – March 12, 2010

Friday, March 12th, 2010

What a GREAT week for swing traders!

The RALLY continues as the NASDAQ, S&P 500 and several sectors race ahead to NEW HIGHS for the year!

If you listen to some of the talking heads on T.V. you hear that the trading volume for this last up move was very LOW so they remain weary of the the upside potential in the weeks to come.

Now although the "low trading volume" in the broad market MAY be a concern moving forward some of the individual stocks showing great price action and volume patterns for us swing traders!

And despite the DOW's lackluster performance there were stocks all over the place making HUGE upside moves!

Apple (AAPL) closed for the week at its ALL TIME HIGH!

Research in Motion (RIMM) also had a great week, and after breaking through the $72 level it rallied to the upside and closed UP by almost 10% this week!

RIMM

PCAR and LULU we also rock stars this week!

Subscribers to our Swing Trading Newsletters were alerted to numerous BUY set ups this week and a bunch turned out very nicely (if we do say so ourselves)!

CAL, WYNN, RIMM, and WYN all offered great swing trade opportunities!

CAL Swing Trade

One sector that really took off was the Financial Sector.

Take a look at XLF, IYF, FAS and well as some of the individual names like GS, C, and MET.

The banking sector finished UP 2.5% this week, outpacing the the S&P by more than 2 to 1.

The RETAIL (RTH) and REAL ESTATE ( IYR) sectors also continued their impressive rally with both sectors closing at their highest point of the year as well.

SPG, KIM, O and DRE continued their runs after showing great chart patterns for us last Friday.

Oil (OIH), Energy (XLE) and the semiconductors (SMH) all basically sat this last rally out.

So will these sectors play catch up or will they sell off when the market finally takes a break and pulls back a bit?

Only time will tell but for now we will continue to focus on the sectors and stocks that are showing tremendous relative strength.

Until next week…Good Trading to YOU!

 

 

 

 

 

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