Swing Trading BLOG – Swing Trading BOOT CAMP
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)…
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!
Tags: ETF Swing Trading, Sector ETF's, Swing Trading Blog, Swing Trading Price Action, Swing Trading Volume
