Posts Tagged ‘Swing Trading Price Action’

Swing Trading Update – Price Action And Volume – 4.29.16

Saturday, April 30th, 2016

Swing Trading Blog Update – 4.29.16

Well it was definitely an interesting week to trade the markets this week!

The intraday price action was great, both on the long and short side, but it was a little different for the overnight traders.

After a pullback that started at the end of last week we watched the market move bit higher on Tuesday and Wednesday.

This move up got a lot of traders LONG again…but what a difference a day makes.

The sellers came out in force on Thursday and again on Friday.

This "breakdown" created a lower high in the $DIA and $SPY and both indicies then pushed lower towards their 50 day MA's.

Take a look at the video to see a review of the stocks and ETF's we were watching and trading this week.

ETF's mentioned in the video:

$DIA $SPY $RTH $XLE $OIL $SMH $XHB $XLV $GDX $SLV $XHB $XLF $SLV

Stocks mentioned:

$G $BA $CAT $ABX $SLW $M $ANF $PCAR 

Swing Trading Update – The Retrace – 1.29.16

Sunday, January 31st, 2016

Well for Swing Traders this was the week of the "retrace". Monday we saw the markets drift lower all day but the volume didnt really kick in. Swing Trading Strategies - 1.29.16

Tuesday and Wednesday gave traders a big clue as we watched the market basically fight to find a direction.

On Tuesday the clue was an "up" day on increased volume compared to Mondays "down" day on light volume.

Wednesday we had an "outside" day on even bigger volume with a close on the low end of the trading range for the day.

Thursdays light volume "inside" day let you know that the market was taking a "pause" and would more than likely (nothing is for certain) continue is retrace to the upside soon.

Friday we watched as the market did just that. The $SPY had some nice volume to the upside while the $DIAs volume lagged a bit.

Both charts however showed a good combination of price and volume to at least let you know what side of the market (the long side) was the right side to be on.

As we look through the charts of the sector ETFs we see a few good trade setups assuming of course that you are a counter trend trader.

A long trade in $XLE set up nicely as it did in $IYF and even $XLK for those brave traders.

A note on the GOLD ETF's here…

$GOLD ripped to the highs this week with $GDX and $NUGT looking better as well. $ABX is shaping up and maybe taking a look at Silver $SLX would be wise.

As we look forward to trading tomorrow just remember that we are trading under the 50 day SMA AND that we are in a down channel.

With that being said there is a lot of white space on the charts to the upside if the buyers want to push us back a little closer that 50 day "trendline".

If you are a short term swing trader then look to adjust your risk/reward on these counter trend trades so that the math still works for you.

I personally dont think the we are anywhere near done on the short side but time will tell. In the meantime we will continue listen to what the market tells us and trade appropriately.

We hope you do the same. Until next week…Good trading to YOU!

Swing Trading Blog – Strategies For 01.18.13

Sunday, January 20th, 2013

Swing Trading Blog – Strategies For January 18, 2013

In this video I walk you through our analysis of the overall market conditions for the past week. I show you the ETFs that we have been focusing on and some of the stocks that we traded this week.

We also discuss our trading strategy for next week and the indicators we are looking for to see where the market goes from here.

Swing Trading Blog – Week in Review – January 6, 2013

Sunday, January 6th, 2013

Swing Trading BLOG – Swing Trading BOOT CAMP

Well 2013 started with a BANG now didn't it?

Swing Trading Strategies and Tactics

This holiday shortened week started out with a rally on BIG VOLUME on Monday.

The price action we saw created a bullish engulfing bar on the charts. This type of chart pattern was a sign for the shorts to cover as the longs pilled in!

Once the news of the fiscal cliff deal came out the marked GAPPED UP in a big way on Wednesday after being closed Tuesday.

This GAP UP left a lot of traders scratching there heads on where they could enter into the move.

As a SHORT TERM trader the day to get long was on Monday…not on Wednesday.

The move that happened Wednesday classifies as a continuation move for us.

We were looking to SELL our SHORT TERM trades towards the end of the week…not enter into new positions.

As you look through the charts you will see nearly the same chart pattern on each one of them.

The sector ETF's look the same although some were better candidates then others.

The Financials ($XLF $IYF) and Homebuilders ($XHB) had some nice setups.

The Steel ETF ($SLX) also had a nice pattern to trade if you caught it in time.

As far as individual stocks go there are too many to list. Lets just say that there were tons of good looking charts out there to trade. ($GOOG, $NSC, $GS, $MA, $V, etc)

Swing Trading Strategies and Tactics

Next week will be the true test to see how real this rally is.

Keep you eyes on stocks that start to pullback to see how the hold up in relation to the overall market.

If the rally continues there will be plenty of time for more good trades.

There is no need to chase the market up.

As always have a plan and prepare for whatever the market throws your way.

Until next week…Good Trading to YOU!

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