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Swing Trading BLOG – Week in Review – July 15, 2011

Sunday, July 17th, 2011

Swing 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!

Tags: 50 Day SMA, DIA, ETF Swing Trading, Financial ETF, Retail ETF, Sector ETF's, Swing Trading, Swing Trading Blog, Swing Trading Price Action
Posted in ETF Swing Trading, Price Action Trading, Sector ETF's, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Charts, Swing Trading Technical Analysis, Technical Analysis | No Comments »

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

Sunday, July 10th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

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).

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.

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…

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!

Tags: ETF Swing Trading, Learn Swing Trading Strategies, Swing Trading Blog, Swing Trading Price Action, Swing Trading Technical Analysis
Posted in ETF Swing Trading, ETF Trading, Sector ETF's, Swing Trading, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Charts, Swing Trading Technical Analysis, Technical Analysis | No Comments »

Swing Trading BLOG – Week in Review June 24, 2011

Sunday, June 26th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

After a the short term retrace continued until mid week traders watched as the overall market again pushed lower to close the week.

The weakness continues in the market and Thursdays GAP DOWN had traders looking again to the SHORT side for trades.

As we take a look at the sector ETF's we see weakness across the board.

Energy and Oil remain weak.

The Financials and Broker/Dealers got hammered.

Agriculture is holding on by a thread.

If we look the through the charts of the stocks in our database we see a mixed bag.

Some of the NON CORRELATED stocks are actually showing some strength.

$ELN, $LULU, $CROX and $FIRE are on this list.

A few "market" or CORRELATED are as well.

Take a look at $TIF, $BOBE, $BBY and $COG.

As we move into next week look for the signs or clues that the market gives.

If we will continue to trade lower the sellers should step in so take notice.

If the sellers don't show themselves we could chop around a bit while traders decide where we go from here.

Until next week…Good Trading to YOU!

Posted in ETF Swing Trading, ETF Trading, Swing Trading, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Charts, Swing Trading Technical Analysis | No Comments »

Swing Trading BLOG – Week in Review – June 17, 2011

Sunday, June 19th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

Swing Traders saw more of the same this week and the overall market continued to drift lower.

Tuesday traders watched as the market had a decent GAP UP but this was quickly followed by a GAP DOWN the next day which erased all of the gains.

Thursday and Friday the indices floated around on lighter volume but that didn't stop some of the sector ETF's from continuing their moves lower.

The Semiconductors ($SMH) continued to free fall as did the entire Technology sector ($XLK).

Here is a look at the chart of Inverse ETF ($SSG) for the Semiconductor sector.

The Energy and Oil sectors also pushed lower after showing signs of losing strength last week.

$USO finally broke out of a month and half long sideways trading pattern to trade down to new multi month lows.

The Steel sector ($SLX) pushed to new lows and finally the Agriculture ETF's ($MOO $DBA) also became the latest to succumb to the selling pressure.

As far as individual stocks go there were plenty of SHORT swing trading opportunities this week.

$CREE and $RIMM were two notable standouts this week.

$CREE was actually on out LONG Watch List at the end of last month.

After the lack of follow through to the up side it quickly returned to a SHORT watch earlier this month.

If you have followed our Swing Trading BLOG for any length of time you will know that we have been bearish on $MOS for quite awhile.

The moves in $MOS to the downside have been very "clean" moves and this week was no exception!

After a "double bottom" bounce the selling resumed Monday and the move lower was a good one.

There are still a few stocks that are holding up nicely and some are actually making new highs.

Although situations stick out to us we are clearly in a bearish phase of this market so why fight the trend (now that its clear)?

We are due for a retrace in the market so as always continue to wait for those setups with good risk reward ratios.

Until next week…Good Trading to You!

Tags: $SSG, Inverse ETF's, Inverse Semiconductor ETF, SHORT SWING TRADING, Swing Trading Chart, Swing Trading Strategies
Posted in ETF Swing Trading, ETF Trading, Inverse ETF's, Sector ETF's, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Charts | No Comments »