Archive for the ‘Swing Trading Stocks’ Category

Swing Trading BLOG – Swing Trading Week in Review – April 21, 2011

Sunday, April 24th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

 

Swing Traders watched as the Dow Jones Industrial Average moved to NEW HIGHS this holiday shortened week.

Earnings news in the Technology sector influenced the markets early in the week and lead to a nice GAP UP on Wednesday.

This news brought buyers into the market and lifted the Technology ETF ($XLK) back above its 50 day SMA by weeks end.

The Semiconductor sector ($SMH) also got a lift this week and is also now trading back above its 50 day SMA.

Silver and Gold continue to show their strength with both sector ETF's ($SLV $GLD) trading to new multi month highs again this week.

Looking around at some individual stocks there still seems to be a bit of indecision in some sectors.

There are great stocks like $LULU, $SINA, $WLK and $SIRO.

Then there are not so great stocks like $CREE, $WFC and most of the airline stocks.

It will be interesting to see how these stocks do if the market continues to move higher.

Next week we will watch to see if the S&P 500 follows suit and BREAKS OUT to NEW HIGHS as well.

We are still in LONG only mode but we will be prepared for whatever the market decides to do from here.

Until next week…Good Trading to YOU!

**No charts this week due to a problem with Esignal data**

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

Sunday, April 17th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

$DIA

After failing to break out to the upside on Monday the market put in a nice orderly pullback to its 50 day SMA this week.

The overhead resistance is in place and its a good sign when the 50 day holds as support.

In order for us to stay optimistic about this market moving higher we are going to have to see price action and volume confirm our thoughts.

If the market stalls looks for clues that a short term trend transition may be in order.

Earlier this week we posted a list of Gold Stocks to watch and a list of Silver ETF's.

We posted these to remind you of the recent strength in these two sectors.

Lets take a look at the chart for the Gold ($GLD) and Silver ($SLV) ETF's

$GLD $SLV

Both sector ETF's are in solid UP TRENDS and offered yet another opportunity for Swing Traders to profit.

While some Swing Trading BLOGS were actually advocating SHORTING these sectors we remained BULLISH due to the obvious strength.

No one knows for sure what the future holds but for now these two are about the strongest sectors in the market.

Until next week…Good Trading to YOU!

List of Gold Stocks to Watch

Wednesday, April 13th, 2011

List of Gold Stocks – Swing Trading Boot Camp

With the Gold and Gold Mining stocks recent rally we thought we would put together a list of Gold Stocks that are on our Watch List.

$GLD

There are a few more Gold Stocks out there but these are the ones that are currently on our list.

$AEM

$AU

$AUY

$ABX

$EGO

$FCX

$GFI

$GG

$GOLD

$HMY

$NEM

$NG

$RGLD

The recent pullback in the Gold sector puts us on "high alert" so keep an eye on this list of Gold Stocks to see if they offer up a trade or two.

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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