Posts Tagged ‘Swing Trading Technical Analysis’

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 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 1/13/13

Sunday, January 13th, 2013

Swing Trading BLOG – Technical Analysis Video

In this video we take a look at the overall market conditions and some of the strongest ETFs that are leading the market higher.

We look at the $DIA as it starts to trade into an area of possible overhead resistance.

We see how the Financials ($XLF $IYF), Broker/Dealers ($IAI), Real Estate ($IYR), and Homebuilders ($XHB) are showing tremendous relative strength.

 

Swing Trading BLOG – Week in Review – July 8, 2011

Sunday, July 10th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

$DIA - Swing Trading ETF

Traders watched as the indices pushed higher this holiday shortened week.

One thing to point out this week is the fact that an oversold or overbought market can still become MORE oversold or overbought.

A lot of Swing Traders were prepared to SHORT this latest rally but when the market moved higher Wednesday and Thursday some were caught in the mix.

Now if you have a tried and true (and tested!) strategy for trading against the market then have at it!

There are a million ways to make money trading so far be it from us to tell you how to trade.

What we are saying though is don't start trading by the seat of your pants using the latest overbought/oversold indicator or oscillator.

There is no doubt that a retrace in the market will happen…it is just a matter of when.

Friday's price action (Gap Down and Reverse) tells us that the BUYERS are still there.

When we open for trading on Monday that could all change but for now don't try to guess what what the market will do.

As we look at the charts for next week we can see that the market is still extended a bit.

There are a ton of good looking charts to watch in the future.

One sector  that stood out this week was Real Estate.

Here is a look at the chart for the Dow Jones Real Estate sector ETF ($IYR).

$IYR - Swing Trading ETF

From a technical analysis perspective $IYR put in a higher low at the end of last month.

As the market rallied recently $IYR has traded up to a NEW HIGH for the year on Thursday.

$RTH - Swing Trading ETF

The Retail sector ETF ($RTH) has also rallied nicely as is flirting with NEW HIGHS.

Watch out for the possible overhead resistance in the $114 area first though.

The Technology sector is also on our Watch List as we move forward from here.

Here is a look at $XLK

$XLK - Swing Trading ETF

As far as individual stocks go keep an eye on $AMZN, $ERTS, $JAZZ, $ELN, $LULU and $HAL just to name a few.

Like we said earlier there are a TON of stocks that should be on your list this week.

The volatility is likely to continue so keep that in mind as we head into trading this week.

As always have plan in place for whatever the market decides to do from here.

Until next week…Good Trading to YOU!

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