Swing Trading BLOG – Swing Trading Video
Posts Tagged ‘Swing Trading’
Swing Trading BLOG – Week in Review Video – 08/12/11
Sunday, August 14th, 2011Swing Trading BLOG – Week in Review Video – July 29, 2011
Sunday, July 31st, 2011Swing Trading BLOG – Swing Trading Video
Swing Trading analysis – $DIA $QQQ $SPY
ETF analysis – $XLE $OIH $RTH $SMH $XLI $XLK $XHB
Swing Trading BLOG – Week in Review – July 15, 2011
Sunday, July 17th, 2011Swing Trading BLOG – Swing Trading BOOT CAMP
"There is no doubt that a retrace in the market will happen…it is just a matter of when."
That was a line from last weeks BLOG post.
Well that "when" was this week!
Tuesday the market GAPPED DOWN (again) and continued to show weakness for the entire week.
The major indices are now hovering around their 50 day SMA's are trying to figure out where to go from here.
The strong sectors we mentioned last week (Real Estate, Technology, Retail) have all pulled back after their recent run up.
The Semiconductors and the Financial sector continue to UNDER perform the market.
The Broker/Dealer ETF ($IAI) actually traded down to NEW LOWS for the year this week.
Several stocks started to show signs of life by weeks end so they are worth a watch as we begin trading next week.
The Energy and Oil Service stocks are showing some good trading patterns.
$APC, $COG, $SLB, $HAL and a few on the smaller names are on our list.
We also have our eye on the casino stocks $WYNN, $LVS, $MGM, etc.
Of course we still have the Retail stocks and our "list to watch" from our last BLOG post on this weeks Watch List as well.
After the nice pull back we saw in the market this week we should see some interesting price action next week!
Oh and don't forget to have some SHORT candidates on your list as well…just in case.
That way you can act on whatever the market decides to do from here (heard that before?).
Until next week….Good trading to YOU!
Swing Trading BLOG – Week in Review – May 20, 2011
Sunday, May 22nd, 2011Swing Trading BLOG – Swing Trading BOOT CAMP
After putting a LOWER HIGH last week traders watched as the market followed with a LOWER LOW this week.
Tuesdays trading actually brought the overall market down to a new low for the month of May.
The SELL OFF pushed the market back closer to its 50 day SMA and right on top of the previous break out level we saw a month ago.
This SHORT TERM correction in the market actually gives us a nice DESCENDING TRIANGLE (see chart above) to trade it we choose to do so.
A follow up on the Sector ETF's is in order so here it goes.
As we mentioned in last weeks BLOG POST the Energy and Oil ETF's had a very "steep" trend line in place.
These "steep" angles are hard to maintain and often times you will need to adjust your lines after price breaks out of these fast lines.
The Steel sector ETF ($SLX) is a good example of a slight TREND LINE adjustment.
In the chart below you can see how after hitting the bottom of the longer term DOWN CHANNEL $SLX "bounced" out of the SHORT TERM channel.
This "bounce" actually took price out of the SHORT TERM channel BUT it was still under its previous Swing High.
Fridays trading action confirmed the next move lower so we were now able to slightly "adjust" our trend line (in blue) to gives us context for our new channel.
One sector that has put in a nice orderly DOWN TREND is the Financial sector ETF ($IYF).
No adjustment to this trend line…
As we move into next week we must admit that the warning signs are flashing for us.
The selling we saw on Friday is concerning to say the least but that being said the market is still holding (so far) above its 50 day SMA.
We are still trading both sides of the market and will continue to do so until the market decides where to go from here.
Be prepared for anything and have a plan in place and until next week…Good Trading to YOU!!!