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Posts Tagged ‘50 Day SMA’

Swing Trading BLOG – Week in Review – July 22, 2011

Sunday, July 24th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

Nice follow through this week!

After a spike down below the 50 day SMA on Monday the market found its footing and resumed its move to the UP side this week.

As far as the indices are concerned the NASDAQ actually rallied up to a HIGHER HIGH while the DOW and S&P lagged behind a bit.

As expected the overall market did well but a few sectors really stood out.

Here is a look at the charts for a few of the sector ETF's that performed well.

$XLE

$IYR

$XLK

$OIH

In last weeks BLOG POST we mentioned several individual stocks in these sectors to watch.

The Energy and Oil Service stocks we mentioned all did well.

The Casino stocks moved up but lacked the "pop" (so far) that we were looking for.

The Retail stocks (and ETF) basically "stalled" after moving higher on Tuesday.

The Gold, Gold Miners and Silver ETF's continue to hold up after putting in a nice rally recently.

Keep your eye on the Agriculture ETF's (and stocks) as we move forward since we are seeing some interesting price action and volume patterns lately.

$MOO has drifted up but $DBA is still lagging behind.

The market has moved up fast this week and is flirting with being short term overbought.

Remember though that an overbought (or oversold) market can become even MORE OVERBOUGHT.

Price action and volume paint a picture so look for the clues the market gives you.

Be prepared for anything and as always…Good Trading to YOU!

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

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 – June 3, 2011

Sunday, June 5th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

The DOWN move continues!

After one day of trading above its 50 day SMA the DJIA sold off for the rest of the holiday shorted week.

The push lower takes the markets to a new six week low.

Most (not all) sectors followed suit as the sellers came out in force.

The Financials ($XLF) and the Homebuilders ($XHB) were hit hard.

Technology ($XLK) and more specifically the Semiconductors ($SMH) also had a rough week.

Retail ($RTH) was holding up but finally gave way to the selling this week as well.

The Energy ($XLE) and Oil ($OIH) ETF's actually held up rather well this week.

Who knows if this SHORT TERM relative will hold up but it is something to watch as we move forward from here.

The Agriculture ETF's ($DBA $MOO) also are showing some signs of strength.

The overall market is pretty near a SHORT TERM oversold level so keep that in mind as we go into next week.

Don't chase the market down and wait for your setups to develop.

Be prepared for whatever the market does from here and as always…Good Trading to YOU!

Tags: 50 Day SMA, DIA, ETF Swing Trading, Financial ETF, Retail ETF, Sector ETF's, Swing Trading Chart Patterns, Swing Trading Strategies, Swing Trading Volume
Posted in ETF Trading, Swing Trading, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Videos | No Comments »

Swing Trading BLOG – Week in Review – May 27, 2011

Monday, May 30th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

The BIG GAP DOWN we saw on Monday extended the month long correction we have seen in the overall market.

The market is now hoovering near it's 50 day SMA as we saw a bit of a rebound by weeks end.

As we look over our sector ETF LIST it is a mixed bag.

The Retail ETF ($RTH) has pulled back off of it recent high and is still trading above its 50 day SMA.

The Real Estate ETF ($IYR) is equally as strong in the short term.

The oversold Steel, Energy, and Oil ETF's put in a retrace back towards their 50 day SMA's.

The Gold ETF ($GLD) is starting to shine again so make sure this sector is on your list.

So now that we are back trading near the 50 day SMA where does the market go from here?

Do we continue the short term DOWN TREND?

Do we chop around a bit while the buyers and sellers fight it out?

No one knows for sure but for now we continue to trade both sides on the market.

One stock that we are watching to see if it transitions from weak to strong?

Take a look at $CREE…

Keep both strong stocks ($ELN, $CTXS, $INFA, $ANF, etc) and weak ones ($SOHU, $ADSK, $HOG, $DOW) on your list and be prepared for whichever way the market goes from here.

Until next week…Good Trading to YOU!

Tags: 50 Day SMA, DIA, ETF Swing Trading, OIH, Retail ETF, RTH, Sector ETF's, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Technical Analysis
Posted in ETF News, ETF Swing Trading, ETF Trading, Gold ETF's, Swing Trading, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Charts, Swing Trading Technical Analysis | No Comments »