Posts Tagged ‘Swing Trading ETF’s’

Swing Trading BLOG – Week in Review – May 13, 2011

Sunday, May 15th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

$DIA

After last weeks SELL OFF the market put in a LOW VOLUME bounce to start the week.

Wednesday SELLERS stepped back into the market and pushed the market a bit lower.

The sideways trading that followed to end the week lets us know that a struggle is underway.

Oil and Energy ETF's continued their move down but the angle of the SHORT TERM DOWNTREND line is a bit steep.

$XLE

The Steel sector ETF ($SLX) continued to show it's relative weakness and pushed to a NEW LOW for the year this week.

It's no surprise that stocks like $X, $AKS and $STLD offered nice SHORT trade setups this week.

$SLX - Swing Trading ETF's

On the flip side this week was the Retail ETF ($RTH) which broker out to NEW HIGHS this week.

The move up was on INCREASING VOLUME but ended the week "stalling" at the high as volume dropped.

$RTH - Swing Trading ETF's

Next week should be interesting for sure.

The major market indices put in a LOWER HIGH so lets see if a LOWER LOW is in order.

If the previous SWING LOW holds and VOLUME comes back into the market on the BUY side then look for confirmation on a break of the previous SWING HIGH.

Until next week…Good Trading to YOU!

Swing Trading BLOG – Week in Review – April 29, 2011

Saturday, April 30th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

$DIA

UP, UP and Away!

The markets continued to rally this week as the DJIA and the S&P 500 traded to NEW HIGHS!

This was a great week for Swing Traders.

Not simply because the markets went higher but more importantly it was the WAY that they moved higher.

There were some great chart patterns to trade this week and most of them played out in text book form.

The price action and volume swing trading techniques that we use (and teach) painted a crystal clear picture this week.

Want to see what we mean?

We have been focused on the Gold and Silver ETF's lately and $GLD had a great chart pattern to trade this week.

Here is a look at the chart…

$GLD

Learning how to read price action AND volume together is a powerful skill set to add to your trading.

The BLACK lines on the chart below are "pullbacks" in the obviously strong, trending Gold ETF.

$GLD

This weeks "pullback" actually consisted of two days…a high volume reversal day on Monday and day that traded lower on Tuesday.

Wednesday offered another opportunity for Swing Traders to enter into this rally.

The GAP UP was the first clue that the next move higher was upon us.

The opening price ($147.38) on the GAP UP was just below the previous Swing High set on Monday ($147.58).

By NOON time $GLD was rallying through that previous Swing High and the VOLUME was flowing into this ETF.

$GLD continued to rally the rest of the week and the VOLUME that accompanied the move was exactly what we like to see in a strong move.

There were several great examples of strong stocks with great chart patterns to trade this week.

Stay tuned to the BLOG and we will post some of the other trades we made.

Until next time….Good Trading yo YOU!

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