Posts Tagged ‘Sector ETF’s’

Swing Trading Update – 2.5.16

Sunday, February 7th, 2016

Swing Trading Update For Market Close – February 5th, 2016

How was the trading in the market this week?

Well to sum it up…CHOPPY!

After a Monday/Tuesday selloff we saw buyers step back in a push the market higher both Wednesday and Thursday.

Friday we saw the market once again push lower bringing a nice signal to the S&P and the Dow.

The price action on Friday basically broke out of the sideways trading channel created on the first 4 days of the week.

Swing Trading DJIA

The sector ETF's were a mixed bag.

$XLK got smacked around again while $XLE and $OIH had a nice bounce from their lows.

The financials $XLF, Real Estate $IYR and the Homebuilders $XHB are hanging out or heading towards their recent lows.

Swing Trading ETF - $XLF

The other notable sectors of course are the Gold and Silver ETF's.

We mentioned to watch these last week week and $GDX $GOLD and $SLV all had big moves to the upside this week. 

Swing Trading ETF - $GDX

So what should we expect going into next week?

Well the markets have signaled their next move to the downside but…will we see follow through?

Only time will tell.

One the longer term charts we are trading down to areas of support (at least in the past) so we will see if these levels hold.

For we are looking to SHORT the weakest stocks and ETf's and buy strong stocks and ETF's that arent correlated to the overall market.

Look for follow through to the downside but be prepared for whatever the market decides to do from here.

Until next week…Good trading to YOU!

Swing Trading Week in Review – August 31, 2012

Monday, September 3rd, 2012

Swing Trading BLOG – Swing Trading Boot Camp

$DIA - Swing Trading ETF

The market move lower the first four days of trading this week.

The pullback comes after bumping into some overhead resistance at the yearly highs that were put in a few months back.

Fridays price action and volume confirmed that all three indices have ended this recent retrace and are once again attempting to head higher.

Individual stocks were mixed but there were a few stand out sectors for both day and swing traders.

The Retail sector ETF ($RTH) bucked the trend and continued to move higher all week…

$RTH - Swing Trading ETF's

The Hombuilders ($XHB) traded sideways as the market pulled back this week.

The breakout on Friday is one to watch..

$XHB - Swing Trading ETF's

Last week we also mentioned that the Silver and Gold ETF"s ($SLV $GDX $GLD) were making some nice moves to the UPSIDE.

After pulling back to start the week both sectors exploded higher on Friday…

$SLV - Silver ETF's $GDX - Gold Miners ETF $GLD - Gold ETF

One sector that took a big hit this week was the Steel sector ($SLX)….

$SLX - Steel ETF

The price action here indicates that the sellers are here in a big way even though the overall market is holding up.

This is a good example of relative weakness and something to watch especially if the market transitions from bull to bear in the near future.

Keep your eyes peeled as we open for trading on Tuesday (due to the holiday on Monday) and looks for signs on continuation of Fridays move.

Get your Watch List ready and as always be prepared for whatever the market throws at you next week.

Until then…Good Trading to YOU!

Swing Trading Week in Review – June 15,2012

Sunday, June 17th, 2012

Swing Trading BLOG – Swing Trading BOOT CAMP

DIA - Swing Trading BLOG

A nice week for the major indicies this week.

That being said was probably better to be a day trader this week instead of an overnight swing trader.

The intraday moves were very nice and offered reliable chart patterns to trade while the over night moves were less predictable.

See how we trade our Intraday Swing Trading Strategy here.

After a BIG GAP UP on Monday morning the sellers stepped in to bring the market down to end the day.

Tuesday didn't draw much excitement but starting on Wednesday the market started to show signs of moving higher.

Fridays close brought the DJIA right up to its 50 day SMA while the S&P and Nasdaq aren't far behind.

A few of the sector ETF's showed signs of life as well while others are showing extreme relative weakness.

The Gold ETF's continue to trade above their 50 day SMA's and although Silver hasn't quite caught up just yet it looks to be showing signs of strength.

GDX - Swing Trading Blog

As next weeks trading begins things could change in a hurry.

With all the news coming out next week be prepared for the markets to move very quickly. One side will win the "tug of war" and you will miss the moves if you aren't ready.

Look for stocks bucking the down trend (i.e. $WFM $EQIX) to add to your LONG watch list.

WFM - Stwing Trading Blog

Look for those stocks that did not hold up well this week to add to your SHORT watch list.

Have a plan in place so whatever the market decides to do from here you will be prepared to act (and hopefully profit).

Until next week…Good Trading to YOU!

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!

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