Posts Tagged ‘ETF’

Swing Trading Week in Review – April 8, 2011

Sunday, April 10th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

$DIA
 

Swing traders watched as the market moved to NEW HIGHS again this week but the move lacked the follow through that we were hoping for.

The week started out on a positive but was quickly followed by a three consolidation pattern to end the week.

The market is still strong of course so there were several ETF's and individual stocks making some nice moves.

With Oil being a very active sector it is no surprise that the US Oil ETF ($USO) turned in a great week.

$USO

Another sector on the move this week was the Retail sector ($RTH)…

$RTH

This sector has rebounded nicely and is trading back near its 3 month high.

This BLOG post would be complete without mentioning that both the GOLD and SILVER ETF's ($GDX $GLD $SLV) are definitely "in play"!

$GLD $SLV

All the sectors listed above (and a few others) are on our radar as we move into trading next week.

The Technology sector ($XLK $SMH) seems to be lagging a bit as this market remains strong.

For now we are sticking mostly to the LONG side as the market continues to trade near its highs.

We will keep an eye on the SHORT side just in case thing take a turn for the worst.

Be prepared for anything…and until next week…Good Trading to YOU!

Swing Trading Week in Review – August 6, 2010

Saturday, August 7th, 2010

The week of going nowhere!

After a decent GAP UP Monday morning the market followed through with…nothing really.

Low volatility and volume usually lead to "sideways" type price action and that is exactly what we saw this week.

DIA - ETF Swing Trading

The 2 blue arrows above indicate the "double top" area that we posted in last week's BLOG.

Monday morning's GAP UP brought us up above this level and ended up trading above it for almost the entire week.

Friday we saw the market GAP DOWN and then rally a bit only to ROLL OVER to the DOWN SIDE prior to an afternoon reversal which brought the market back over the "double top" area.

Here is a look at the 15 minute chart so you can we what we mean.

DIA - 15 minute chart

Monday through Thursday you can see the "sideways" price action we encountered.

Although the INTRADAY price action was great this type lack of follow thorugh can be very frustrating for Swing Traders.

Most (not all) of our positions did exactly as the market did this week…went almost nowhere.

Although the GAP UP on Monday and the Friday afternoon reversal indicate that there are buyers at this level in the market it is still a sign of overall indecision (so far) to move this market higher or lower.

There are still a lot of stocks that have great chart patterns that my be setting up for some nice trades in the week ahead.

CHKP, NTAP , ALK, BAX and CAL are a few that we will be watching.

The Steel Sector has also been very strong as of late so we will continue to watch SLX, X, CLF, AKS, and STLD.

With the decent rally (and lack of DOWNSIDE follow through) in the GOLD MINERS this week we will watch to see how these stocks shape up during next weeks trading.

A exception to the LOW VOLATILITY theme of this BLOG post this week was the Education Stocks.

APOL, DV, COCO and CECO all had nice chart patterns that setup some great SHORT trades on Tuesday.

Take a look at these charts and you will see great example of the PRICE and VOLUME relationship.

CECO - Short Swing Trade APOL - Short Swing Trade

Also as a reminder our next PVT (Price, Volume and Trend Lines) Trading Tactics class will be held next Saturday August 14th.

If learning how to use Price Action and analyze Volume to make trading decisions in stocks and/or ETF's is of interest to you then be sure not to miss it!

Our new Swing Trading BOOTCAMP, Swing Trading Strategy Class, and FREE webinar schedules will be coming out this week so we hope to see you at one (or all) of the upcoming events.

Until next week…Good trading to YOU!

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