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Swing Trading Week in Review – December 10, 2010

Sunday, December 12th, 2010

Swing Trading BLOG – Swing Trading BOOT CAMP

The market drifted a bit higher this week as both the S&P 500 and Nasdaq both made NEW HIGHS for the year.

The DJIA basically traded sideways all week but the action in some stocks and ETF's more than made up for it.

The action in the sector ETF's continues as the "weak" Financials ($IYF $XLF), Broker/Dealers ($IAI), and Hombuilders ($XHB) continued to rise.

We mentioned these ETF's several weeks back when they broke through their overhead resistance levels.

The pullback that followed was a bit extreme as it took these ETF's all the way back to their support levels.

The "bounce" we have seen in these sectors over the past 2 weeks has been impressive.

Some of the stocks on our list continued to move higher this week.

One of the hardest things to do as a trader is to let your winning trades ride.

Having a different strategy for different phases of the market may be something to consider.

When the market is in a "choppy" phase and lacks direction we use our STS (Short Term Swing) methodology.

In a "break out' trending type market we switch to a more traditional trend trading style in an attempt to capture bigger profits.

Several of these stocks are moving up nicely and may continue to do so.

$ATMI, $LULU, $ADSK, $JAZZ, $BOBE and $INFA are few names on this list.

We saw a lot of stocks setting up towards the end of last week.

Friday we saw signs of these stocks making their next move higher.

Our newsletter subscribers were actually alerted to numerous new trades that triggered on Friday.

The market continues to show signs of strength and if that continues next week hopefully these trades will turn into winners.

Until next week…Good Trading to YOU!!!

Tags: 50 Day SMA, ETF Swing Trading, Retail ETF, Sector ETF's, SHORT SWING TRADING, Swing Trading, Swing Trading Chart Patterns, Swing Trading Price Action, Swing Trading Strategies, Swing Trading Volume
Posted in ETF Swing Trading, ETF Trading, Swing Trading, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Charts | No Comments »

Swing Trading Week in Review – November 12, 2010

Sunday, November 14th, 2010

Swing Trading BLOG – Swing Trading BOOT CAMP

After breaking out to NEW HIGHS for the year last week the market put in a nice, orderly pullback this week.

We have seen a nice rally over the last 2 months but it looks the BEARS have had enough.

When you look at the charts for the DJIA, S&P, and NASDAQ everything still looks great.

A pullback after such a nice run up in the market is to be expected.

When you focus on the charts of the sector ETF's you start to see a few things to take note of.

Once the market traded to NEW HIGHS last week we saw the SELLERS step in and hammer some of the sectors.

The Real Estate sector ETF's broke out last week but a big sell off quickly followed and brought them right back to their 50 day SMA's.

The recent "Rock Star" Agriculture ETF's ($DBA $MOO) saw a similar outcome after last weeks break out.

We have seen this "Breakout/Sell Off" combo a few times this year and it can be quite frustrating for Swing Traders.

We saw the same pattern in a few of the strong stocks on our Watch List.

$EC has been a very strong stock as of late and like the market broke out the NEW HIGHS last week.

This week $EC took a beating as sellers drove the stock straight down for 4 days in a row.

The individual names in the Agriculture sector are looking a little weak.

$ADM $AGU never made it to NEW HIGHS last week and sold off this week as well.

$POT traded lower and is trading near the bottom of its multi-month lateral channel.

$POT has a BIG GAP below and a break down from this level could take this stock significantly lower.

$MOS is having a hard time breaking out of the $70-$75 price level.

Now like we said earlier overall the market is still looking good and remains very strong.

This recent pullback is a good thing and some of the other stocks an sector ETF's on our Watch List are, as of now, setting up nicely.

The Retail, Energy, and Semiconductors ETF's still look strong.

Two sectors we will be focusing on will be the Financials and the Homebuilders.

In last weeks BLOG POST we posted about their breakout through some important overhead resistance levels.

Both sectors are now pulling back to these same important levels.

Once resistance is broken often times it becomes a new "support" level.

We will now need to see price and volume give us "confirmation" that this level will hold as new support and if it does we can act accordingly.

The market has pulled back this week but there could be more to come.

Use this time to watch how the stocks and ETF's on your Watch List react to the sell off.

Are they holding up nicely by pulling back on decreasing volume?

Or are they selling off MORE than the overall market and breaking down through key levels on increased volume?

Stick to your trading plan (you have one right?) and be prepared for whatever the market has in store for us in the days to come.

Until next week…Good Trading to YOU!

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

Swing Trading Week in Review – October 29, 2010

Sunday, October 31st, 2010

Swing Trading BLOG – Swing Trading BOOT CAMP

Well the DJIA and S&P took a little break this week but the NASDAQ continued its upward momentum.

With the tech heavy NASDAQ showing such strength it is no surprise the the Technology ETF's pushed higher as well.

The Technology Select Spider ($XLK) traded to NEW HIGHS for the year this week.

The Semiconductors also helped lift the NASDAQ and the Semiconductor ETF ($SMH) continued its up move this week after its most recent pullback.

If you Swing Trade ETF's then these two sectors did give you an opportunity to get LONG this week but almost every other sector followed the overall market.

Energy, Retail, Oil Services, Real Estate and the Steel Sector all pulled back with the market this week.

Gold and Silver popped a bit this week as $AEM and $PAAS rallied to NEW HIGHS for the year.

The Agriculture ETF's ($DBA and $MOO) continue to stand out as the sector ETF "rock stars" as both once again hit new yearly highs this week.

As far as individual stocks go we saw some big moves in $RIMM, $VRSN, $VSEA, $MOS and a huge GAP UP in $CSTR and $EL to end the week.

A few stocks took a beating this week but one to watch next week will be $HAL.

Moving forward there are still a TON of stocks pulling back nicely from their most recent recent highs.

The market did take a healthy (and much needed) breather this week but be prepared as w open up for trading on Monday.

A continuation of the recent pullback towards the 50 day SMA wouldn't necessarily be a bad thing but neither would a rip straight up to NEW HIGHS!

Until next week…Good Trading to YOU!

Tags: 50 Day SMA, ETF Swing Trading, Swing Trading, Swing Trading Chart Patterns, Swing Trading Strategies
Posted in ETF Swing Trading, ETF Trading, Swing Trading, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Charts, Technical Analysis | 1 Comment »

Swing Trading Week in Review – October 1, 2010

Sunday, October 3rd, 2010

Swing Trading BLOG – Swing Trading BOOT CAMP

Well after the long awaited BREAKOUT we saw last week the market followed up with…a nice long week of NOTHING!

Coming into this week there was a lot of optimism based on the recent bullish action we have seen in the overall market.

Traders (including us) were expecting at least a little follow through this week but instead were met with yet another frustrating week of consolidating price action.

Most of the stocks and ETF's did the exact same thing as the overall market.

A few were up slightly as the week came to an end but nothing to write home about.

There were a few exceptions as we saw the Energy and Oil Services ETF's have nice continuation moves this week.

In last weeks BLOG post we showed you our entry into XLE and the pullback that followed.

This week XLE continued its UP move despite the "stall" in the overall market.

As you would expect the Oil Services ETF (OIH) had a strong week.

RIG and DO were two stocks in this sector the gave us LONG trade signals this week.

GOLD and the GOLD MINERS (GDX) came back to life this week as well and SILVER (SLV) is acting just as bullish.

With last weeks news in the AIRLINE sector we saw the Airline ETF (FAA) trade up to a NEW HIGH for the YEAR.

Technology, Retail, Real Estate, Financial and the Homebuilders all had a lackluster week.

One sector to watch moving forward is going to be Agriculture.

This week we saw big time selling come into some of the stocks in this recently strong sector.

MON, MOS, CF and ADM all sold off this week despite the market holding up above its BREAKOUT level.

The Agriculture ETF's (DBA and MOO) have now put in their first significant pullback after last months nice run up.

This pullback may be a good time to look to buy some of the stronger names in this sector but the caution light is now flashing as we move forward.

This type of price and volume action is not yet a transition from a "bullish" to "bearish" bias for this sector but it is something to watch for in days/weeks to come.

The overall market is still very strong as almost every major sector ETF is trading above its 50 day SMA.

Last weeks "consolidation" is telling us that the buyers and sellers are playing a big game of tug-of-war at this level.

Obviously anything is possible next week.

A continuation move to the UP side wouldn't surprise us but neither would a retrace back near the 50 day SMA.

The key (as always) is to be prepared with a plan of action for either outcome.

What stocks and/or ETF's will you look to buy if the UP move continues?

What will you do if the market sells off on Monday indicating that the market is pulling back?

Will you SHORT anything or simply sit on the sidelines and wait?

You know what they say..."failing to plan is planning to fail".

Have your plan is place and execute when the time is right!

Until next week…Good Trading to YOU!

Tags: 50 Day SMA, DBA, ETF Swing Trading, FAA, GDX, MON, MOO, MOS, OIH, Retail ETF, Sector ETF's, Swing Trading, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Price Action, Swing Trading Volume, XLE
Posted in ETF Swing Trading, ETF Trading, Swing Trading, Swing Trading Blog, Swing Trading Charts, Technical Analysis | 3 Comments »