Archive for March, 2011

Swing Trading Week in Review – March 25, 2011

Sunday, March 27th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

$DIA

After a nice SELL OFF last week the market continued its short term "bounce" this week.

This move brings the overall market back to a key price level which could act as a near term resistance level that may be hard to break.

As far as the stronger sector ETF's are concerned the Oil Services ($OIH) basically traded sideways this week while the Energy sector ($XLE) moved to the upside a bit.

$XLE

We are still watching to see how some of the weaker sectors are going to follow through.

Sectors like Technology ($XLK), Semiconductor's ($SMH) and Agriculture ($DBA $MOO) are all on our "weak" sector list and are still trading below their 50 day SMA's.

$SMH

We continue to trade both sides of the market and some of the stocks that were holding up nicely last week made moves to the UP side this week.

Strong stocks on our list have been $STJ, $WFMI, $SMG, $WLK and $SINA (to name a few).

$STJ

As we move into the next week of trading we once aging go into the week with a list of both SHORT and LONG trades on our radar.

Be prepared for anything and until next week…Good Trading to YOU!

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Swing Trading Week in Review – March 18, 2011

Sunday, March 20th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

$DIA

And DOWN we go!!!

After several weeks of showing signs of weakness the overall market has finally pushed lower.

Last weeks sell off brought the market down to short term oversold levels by mid week so the bounce we saw on Thursday and Friday came as no surprise.

With the overall market taking a hit this week it was interesting to note how some sectors and stocks were actually holding up despite the selling.

The Oil ($USO $OIH) and Energy ($XLE) sectors are still trading above their 50 day SMA's.

$OIH

These sectors are still relatively strong but if the market selling continues it could bring these sectors right along with it.

Technology ($XLK) took a hit this week and the Semiconductors ($SMH) continued to push lower after a slight "stall".

$XLK

One sector on our radar is the Agriculture sector ($DBA $MOO).

 

After a hard SELL OFF this sector has retraced back to just under the 50 day SMA.

$DBA

Watch to see how this ETF and the stocks in this sector follow through as they may just be setting up some nice SHORT trades.

We have a TON of stocks on our Watch List as we move into next week.

Until then…Good Trading to YOU!

 

 

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Swing Trading Week in Review – March 11, 2011

Sunday, March 13th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

$DIA

This week the markets continued to show signs of weakness as the major indices flirt with their 50 day SMA's.

The "strong" sectors we mentioned last week ($XLE, $OIH, and $USO) stumbled hard this week which adds fuel to the fire.

Another previously "strong" sector fell pretty hard this week as well.

Here is a look at the Semiconductor ETF ($SMH)…

$SMH

A "bounce" may be in order soon but keep a close eye on this sector!!!

The market is at a very pivotal point here and this week should give us a good idea of things to come!

Plan accordingly and, as always, be prepared for whatever the market decides to do from here.

Until next week…Good Trading to YOU!

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Swing Trading Week in Review – March 4, 2011

Sunday, March 6th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

$DIA

After a BIG sell off on Tuesday the overall market rebounded a bit Wednesday and Thursday.

Friday the SELLERS came back out to play and drove the market lower once again.

 

It is definitely a "mixed bag" out there with several stocks and ETF's holding up while others are falling apart.

The Retail sector ($RTH) and Homebuilders ($XHB) are still showing weakness as they trade just below their 50 day SMA.

$RTH

Oil Services ($OIH), Energy  ($XLE) and especially the US Oil ETF ($USO) all remain strong.

$USO

As we wrote in last weeks BLOG post we are back into taking positions on both sides of the market.

This week we will approach our trading in the same "mode" as last.

Plenty of stocks are showing weakness and if there is follow through to the down side then these stocks will be the ones to SHORT.

If the market does somehow find some legs then we will turn to the stocks in the sectors that are holding up the best.

Until next week…Good trading to YOU!

 

 

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