Posts Tagged ‘Financial ETF’

Swing Trading Week in Review – January 21, 2011

Sunday, January 23rd, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

DIA

The market remains strong this week as the DJIA hits yet another NEW HIGH on Friday.

Not all is well though as the S&P 500 and NASDAQ didn't really going along for the ride just yet.

Most of the sectors on our Watch List were still in "pullback" mode as the week came to an end.

Energy, Oil, Semiconductors as well as the Financials, Broker/Dealers, and the Homebuilders are all trading just below their most recent highs.

On the flip side Gold, the Gold Miners and the Silver ETF's all continued their moves down this week.

GDX

The Retail sector is still a mixed bag with some individual names like Ann Taylor Stores ($ANN), Macy's ($M), and Abercrombie & Fitch ($ANF) in solid down trends while names like Estee Lauder ($EL) and Walmart ($WMT) are holding up rather well.

ANN WMT

Even though the market has moved to new highs yet again it seems like the market is looking for a new leader.

The market is still very bullish overall but watch the individual sector action to see which ones take the lead and which ones start to fade.

There are still a bunch of great looking charts out there that may give you some nice LONG trade set ups.

One chart we are watching going into next week is Whole Foods Market ($WFMI).

WFMI
Can you tell us why we are watching this chart?

Where we would look to enter into a position?

How about a possible STOP LOSS level?

We would love to hear from you so please feel free to leave a comment or question.

Until next week…Good Trading to YOU!

Swing Trading Week in Review – January 14, 2011

Sunday, January 16th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

And UP we go!!! (Again!)

SPY
After a week of increased selling last week we watched as the market rallied (again) to NEW HIGHS!

In last weeks BLOG POST we told you that we were concerned coming into this week because of the selling we witnessed last week.

One sector that we mentioned was the Semiconductor sector ($SMH).

Last week a few stocks in this sector had some BIG TIME selling going on.

$LRCX, $ATMI, and $NVLS we the names that we mentioned.

As we came into this week we were watching to see how these stocks and the Semiconductor ETF were going to trade.

Monday was a good indication that this sector was starting to move higher again.

After showing a bit of weakness last week this new move to the UP side could be merely a "retrace" after the move down.

When Tuesday came around and we watched as the volume increased to push most of these stocks (and the ETF) higher we figured the sector had found its legs once again.

SMH

That being said we still were NOT looking to take any trades in these specific stocks due to their weakness last week.

The were plenty of STRONGER sectors for us to watch so we simply took notice of the change in sentiment in this sector and will watch for follow through  next week.

The sectors that we mentioned last week that were "holding up well and worth watching" all turned in a nice week.

The FInancials (XLF), Hombuilders (XHB), Broker/Dealers (IAI), Agriculture (DBA) and Energy (XLE) and Oil (OIH) provided us plenty of opportunity this week.

XLE

As we enter into next week we are once again in FULL RALLY mode.

Our plan (as always) is to stick with the strong sectors and avoid the weak ones.

Until next week…Good Trading to YOU!

Swing Trading Week in Review – January 7, 2011

Sunday, January 9th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

The new year is HERE!

SPY - ETF Swing Trading

On a positive note the market continued to rally to NEW HIGHS this week.

On a different note we are starting to see some signs that concern us moving into next week.

One of the biggest things we have noticed this past week is that the SELLERS are becoming much more aggressive at these levels.

This has been evident in many of of the individual stocks that we monitor each and every day.

Take a look at some stocks like ATMI, LRCX, and NVLS in the Semiconductor sector.

LRCX

The Retail stocks have also taken a hit this week.

Look at ANN, M, TIF and TGT (to name a few).

ANN

We also take notice of the fact that some of the recently strong sector ETF's have shown a bit of weakness as the overall market moved higher this week.

As expected the Retail ETF's (RTH) are fist on this list.

Gold (GLD) and the Gold Miners (GDX) also got whacked this week.

GDX

With the noticeable selling coming into some of the Semiconductor stocks we are anxious to see watch next week has in store for this sector ETF (SMH).

Some of the other sector ETF's are holding up very well and are worth watching next week.

The FInancials (XLF), Hombuilders (XHB), Broker/Dealers (IAI), Agriculture (DBA) and Energy (XLE) and Oil (OIH) are on this list.

XHB

The number of sectors on this list is evidence of the overall strength of this market BUT there are signs that are a bit concerning for us.

Next week should be a good indication of where we go from here.

Sooner of later a PULLBACK will be upon us.

With that in mind make sure you have a plan in place so you can benefit (in one way or another) when the PULLBACK comes.

Until next week…Good Trading to YOU!

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Swing Trading Week in Review – November 19, 2010

Sunday, November 21st, 2010

Swing Trading BLOG – Swing Trading BOOT CAMP

The sell off continued to start out the week on a negative note.

By Thursday however we saw the buyers step back in and give the markets a lift to close out the week.

This recent sell off has taken the major indices back near their 50 period SMA's on INCREASING VOLUME which is a bit concerning.

SPY- Swing Trading

The "inside day" we saw in the markets on Wednesday was followed by less than impressive volume as the market rose Thursday and Friday.

It looks like we are at another pivotal level in the market and as always follow through (and how it does) is the key.

This low volume "bounce" could be quickly followed by MORE BUYING and an increase in volume.

This would be a great short term sign that the bulls are still in charge.

If however this low volume "bounce" is followed by AGGRESSIVE SELLING then the market could be in a for a significant move lower.

Some of the sector ETF's preformed quite well to close out the week while others are showing signs of tremendous weakness.

The Oil Services (OIH) and Energy ETF's (XLE) had nice moves to the upside.

OIH- Swing Trading ETF XLE

The Semiconductor ETF (SMH) remains strong after it's recent BREAKOUT and we will continue to look for signs of follow through in this sector.

SMH

Silver (SLV) also made it's next UP SWING after a decent pull back from it's most recent high.

SLV - Silver ETF

The two sector's we focused on in last weeks BLOG POST…The Financial's (IYF, XLF) and the Homebuilders (XHB)…have now pulled back to a  level that is BELOW their recent breakout points.

IYF XHB

Both sector's are hovering around their 50 DAY SMA's and are still in a "zone" that COULD hold as support but this type of deep pullback after a HIGH VOLUME breakout is NOT a great sign.

Even though the market is showing a bit of weakness recently there were still plenty of opportunities to take some LONG trades this week.

Several stocks on our Watch List set up for some nice trades this week.

Stocks on this list were $LULU, $COG, $MRVL, $WLK, $X, $BRCM, $TIF, $MEE and $HAL (to name a few).

LULU

Even though the market is still technically in a very BULLISH phase it is at, what we believe, at very pivotal level.

For the first time in several weeks we are actually seeing a number of  SHORT trade setups.

During this recent sell off in the market several stocks have actually started to show signs of weakness.

$ERTS, $LLY, $G, $K, and $MED are a few on our list that are relatively weak.

The Real Estate sector (and the stocks within) have all been hit hard during this recent sell off.

$SPG, $DRE, $KIM and $O have sold off hard recently and a "bounce" could happen in the very near future but the price action and volume we have seen during this sell off has us looking to the SHORT side in this sector.

Next week should give us a good indication of where the market is headed from here.

You may have heard this before but…BE PREPARED FOR ANYTHING!

Until next week…Good Trading to YOU!

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