Posts Tagged ‘Swing Trading Stocks’

Swing Trading Update 4.22.16

Sunday, April 24th, 2016

Swing Trading Update – April 22nd, 2016

Swing Trading Update - April 22nd, 2016After a 2 day stall to end the week last week the DJIA saw yet another move to the upside this week.

The S&P followed suit while the tech heavy NASDAQ did not.

With that being said there we of course some good swing trading opportunites in both stocks and ETF's.

Oil was the hot sector this week ($USO $OIH $XOP $XLE…)

Oil ETF's - Oil Sector ETF Charts

With the sector being in play there were some good trades in the stocks.

We dont need to look at all the charts ($XOM, $COP, $HAL, $APC, $APA, etc etc etc) since you basically could have traded anything in the sector.

The financial sector ($XLF) also put in a good week.

Swing Trading ETF - Financial ETF #XLF

$GS $AXP $JPM and others have all been hot and put in some pretty text book trade setups this week. 

Another rockstar sector this week was healthcare ($XLV)…

Swing Trading ETF's - Healthcare ETF $XLV

$UNH, $JNJ, $RMD made some nice moves in this secotor.

With the good comes the bad and some of the sectors did not play so nicely though this week.

The tech sector ($XLK) took a beating with a huge gap down on Friday.

Swing Trading ETF - $XLK

As to be expected the semis ($SMH) drifted lower as well.

Othe notable sectors were retail ($RTH), homebuilders ($XHB), utilities ($XLU) and consumer staples ($XLP).

Retail started off strong but fizzeled out towards the end of the week. 

A pullback to watch since it is still within the UP trend channel.

The homebuilders ($XHB) is an interesting one…

Swing Trading ETF's - $XHB Homebuilders

A 7 day sideways trading channel. Now this question is how do you trade it?

With $XLU and $XLP both sectors sold off from a nice lower high pattern and are now trading below their 50 day SMA's.

Sectors to watch if the overall market turns south?

Its a fun market to trade right now but as always have a game plan for whatever the market throws at you.

Until next week…good trading to YOU!

 

Swing Trading Technical Analysis – $MOS – Part 2

Wednesday, May 18th, 2011

Swing Trading Technical Analysis – Swing Trading BOOT CAMP

In this BLOG post we will continue our Technical Analysis view on $MOS.

If your missed part one you can view it HERE.

$MOS - Swing Trading Technical Analysis

We when last looked at $MOS it had just created another LOWER HIGH and was "stalling" near an area of potential support ($73).

The thick BLUE horizontal line in the chart above marks this support area.

We also posted that in order for the DOWN TREND to continue we would need to see PRICE move LOWER and VOLUME move HIGHER.

We have zoomed in a bit on the chart and annotated our comments as well.

$MOS - Technical Analysis

Two days after we posted our analysis $MOS did push LOWER ON HIGHER VOLUME confirming that the DOWN TREND was still intact.

We marked this as #1 on the chart.

$MOS quickly lost steam and two days later put in a HIGH VOLUME day but closed very near the low fo the day.

The SELLERS were still there!

$MOS continued to trade "sideways"  (#2.) until May 11th when PRICE again moved LOWER and VOLUME INCREASED (#3.)

This created another leg down in the already established DOWN CHANNEL (orange).

After another day of trading a bit lower $MOS again traded "sideways"  (#4.) until today when we watched $MOS trade above yesterdays high on increased volume.

Now even though $MOS has technically started a retrace it is still in an obvious DOWN TREND.

Notice above how $MOS is still trading inside it SHORTER TERM TREND CHANNEL (thick ORANGE LINES) as well as its LONGER TERM DOWN CHANNEL (thick BLACK LINES).

How and where you could have entered and exited a trade in $MOS depends of course on your time frame and style of trading.

As we move forward from here we apply the same logic and let price action and volume tells where $MOS is headed.

A BREAKOUT of the SHORT TERM TREND CHANNEL would NOT excite us to much at this point since there are now a bunch of resistance levels to contend with.

The LONGER TERM chart of $MOS tells us that $65 has acted a a pretty major area of support in the past.

That being said another move LOWER on HIGHER VOLUME is something we are definitely on the look out for.

If this Swing Trading Technical Analysis walk through was helpful to you please leave a comment below.

© Swing Trading Boot Camp 2017