Posts Tagged ‘Retail ETF’

Swing Trading BLOG – Week in Review February 10, 2012

Sunday, February 12th, 2012

Swing Trading BLOG – Swing Trading Boot Camp

$DIA - Swing Trading ETF

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.

$XHB - Homebuilders ETF

The Retail ETF ($RTH) did the same.

$RTH - Retail ETF

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

$FAA - Airlines ETF

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

$TAN - Solar ETF

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!

$WFM - Swing Trading Stocks

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!

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 – June 3, 2011

Sunday, June 5th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

DIA - Swing Trading ETF

The DOWN move continues!

After one day of trading above its 50 day SMA the DJIA sold off for the rest of the holiday shorted week.

The push lower takes the markets to a new six week low.

Most (not all) sectors followed suit as the sellers came out in force.

The Financials ($XLF) and the Homebuilders ($XHB) were hit hard.

XLF - Swing Trading ETF

Technology ($XLK) and more specifically the Semiconductors ($SMH) also had a rough week.

SMH - Swing Trading ETF

Retail ($RTH) was holding up but finally gave way to the selling this week as well.

RTH - Swing Trading ETF

The Energy ($XLE) and Oil ($OIH) ETF's actually held up rather well this week.

OIH - Swing Trading ETF

Who knows if this SHORT TERM relative will hold up but it is something to watch as we move forward from here.

The Agriculture ETF's ($DBA $MOO) also are showing some signs of strength.

DBA - Swing Trading ETF

The overall market is pretty near a SHORT TERM oversold level so keep that in mind as we go into next week.

Don't chase the market down and wait for your setups to develop.

Be prepared for whatever the market does from here and as always…Good Trading to YOU!

Swing Trading BLOG – Week in Review – May 27, 2011

Monday, May 30th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

DIA - Swing Trading ETF

The BIG GAP DOWN we saw on Monday extended the month long correction we have seen in the overall market.

The market is now hoovering near it's 50 day SMA as we saw a bit of a rebound by weeks end.

As we look over our sector ETF LIST it is a mixed bag.

The Retail ETF ($RTH) has pulled back off of it recent high and is still trading above its 50 day SMA.

$RTH - Swing Trading ETF

The Real Estate ETF ($IYR) is equally as strong in the short term.

$IYR - Swing Trading ETF

The oversold  Steel, Energy, and Oil ETF's put in a retrace back towards their 50 day SMA's.

The Gold ETF ($GLD) is starting to shine again so make sure this sector is on your list.

$GLD - Swing Trading ETF

So now that we are back trading near the 50 day SMA where does the market go from here?

Do we continue the short term DOWN TREND?

Do we chop around a bit while the buyers and sellers fight it out?

No one knows for sure but for now we continue to trade both sides on the market.

One stock that we are watching to see if it transitions from weak to strong?

Take a look at $CREE…

$CREE - Swing Trading

Keep both strong stocks ($ELN, $CTXS, $INFA, $ANF, etc) and weak ones ($SOHU, $ADSK, $HOG, $DOW) on your list and be prepared for whichever way the market goes from here.

Until next week…Good Trading to YOU!

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