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Swing Trading Week in Review – February 11, 2011

Sunday, February 13th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

In last weeks BLOG post we told you that we were back in "LONG ONLY" mode and this week the market did NOT let us down.

The overall market and most of the sector ETF's rallied to NEW YEARLY HIGHS this week.

A bunch of stocks on our Watch List made nice moves this week.

The Semiconductors ($SMH) remained strong but most of the other sectors moved up nicely as well.

The Financials ($XLF) and the Real Estate ($IYR) ETF's broke out this week.

$TTWO and $ERTS are still holding up and $WFMI (mentioned last week) had a nice break away gap to the UP side on Thursday.

We could go on and on about the stocks that rallied last week but that would be of little use to you moving forward.

Instead we will let you know that some of the Energy stocks we mentioned last week are still poised to break out.

As the market continues to rally look for the stocks that are setting up nicely as we move into next week.

The "LONG ONLY" mode continues and we hope that you are taking advantage of this tremendous rally in the market!

Until next week…Good Trading to YOU!

Tags: DIA, ETF Swing Trading, Financial ETF, IYR, Sector ETF's, SHORT SWING TRADING, Swing Trading, Swing Trading Volume, XLF
Posted in ETF Swing Trading, ETF Trading, Swing Trading, Swing Trading Blog, Swing Trading Charts | No Comments »

Swing Trading Week in Review – February 5, 2011

Sunday, February 6th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

Swing Traders watched as the overall market rallied to NEW HIGHS again this week.

The lackluster volume we saw early in the week was followed by increased buying on Thursday and Friday as the market pushed past the 12,000 level again.

The sector action was still a bit mixed and again this week you had to pick your spots when getting LONG at this level.

The Technology sector ETF ($XLK) and the Semiconductor ETF ($SMH) were tow of the standout sectors this week.

The Financials ($XLF), Energy ($XLE), Oil Services ($OIH) and Agriculture ($MOO, $DBA) also remain strong and are worth watching as we move into next week.

Some of stocks on our Watch List continue to rise with the strength of the overall market.

The Semiconductor Equipment makers $KLAC, $LRCX, $NVLS, and $AMAT remain strong and $CRUS has been a real rockstar!

Some of the Energy stocks look a bit extended while others have pulled back off of their most recent highs.

This sector has several stocks to watch going into next week.

Scroll through the charts in this sector and take a look at $BHI, $MEE, and $COG and watch to see if these stocks offer you a good trade setup.

A few of the Insurance stocks ($MET, $AET) are poised for a nice break out and Whole Foods ($WFMI) is still holding up and looking strong.

Take Two ($TTWO) and Electronic Arts ($ETRS) both rallied to NEW YEARLY HIGHS on nice volume this week so keep these on your Watch List as well.

We have a bunch of stocks on our Watch List as we move into next week.

The volume follow through we saw on Thursday and Friday puts us back in LONG mode but as always we will watch to see how the market follows through on Monday.

Until next week…Good Trading to YOU!

Tags: DIA, ETF Swing Trading, Sector ETF's, SMH, Swing Trading Blog, 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 Charts | No Comments »

Swing Trading Week in Review – January 7, 2011

Sunday, January 9th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

The new year is HERE!

On a positive note the market continued to rally to NEW HIGHS this week.

On a different note we are starting to see some signs that concern us moving into next week.

One of the biggest things we have noticed this past week is that the SELLERS are becoming much more aggressive at these levels.

This has been evident in many of of the individual stocks that we monitor each and every day.

Take a look at some stocks like ATMI, LRCX, and NVLS in the Semiconductor sector.

The Retail stocks have also taken a hit this week.

Look at ANN, M, TIF and TGT (to name a few).

We also take notice of the fact that some of the recently strong sector ETF's have shown a bit of weakness as the overall market moved higher this week.

As expected the Retail ETF's (RTH) are fist on this list.

Gold (GLD) and the Gold Miners (GDX) also got whacked this week.

With the noticeable selling coming into some of the Semiconductor stocks we are anxious to see watch next week has in store for this sector ETF (SMH).

Some of the other sector ETF's are holding up very well and are worth watching next week.

The FInancials (XLF), Hombuilders (XHB), Broker/Dealers (IAI), Agriculture (DBA) and Energy (XLE) and Oil (OIH) are on this list.

The number of sectors on this list is evidence of the overall strength of this market BUT there are signs that are a bit concerning for us.

Next week should be a good indication of where we go from here.

Sooner of later a PULLBACK will be upon us.

With that in mind make sure you have a plan in place so you can benefit (in one way or another) when the PULLBACK comes.

Until next week…Good Trading to YOU!

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Tags: DIA, ETF Swing Trading, Financial ETF, OIH, Retail ETF, Sector ETF's, Swing Trading, Swing Trading Chart Patterns, Swing Trading Volume, XLE, XLF
Posted in ETF Swing Trading, ETF Trading, Swing Trading, Swing Trading Blog, Swing Trading Charts, Technical Analysis | No Comments »

Swing Trading Week in Review – December 23, 2010

Sunday, December 26th, 2010

Swing Trading BLOG – Swing Trading BOOT CAMP

The SANTA CLAUS rally continues!

The holiday shortened week saw the market push higher although both VOLUME and VOLATILITY were less than impressive.

So what do we do from here?

No one knows for sue but a move on significant volume should give traders a clue.

As far as Sector ETF's go we are seeing the most of the strongest sectors continue to "drift" upwards.

Retail ($RTH), Energy ($XLE), Oil ($USO) and Oil Services ($OIH) all had a decent week.

Agriculture ($DBA) had a nice move this week as it moved to a NEW YEARLY HIGH.

Despite the "stall" on Thursday the Financials ($XLF), Broker/Dealers ($IAI) and the Homebuilders ($XHB) a nice move as well.

With a few exceptions most of the individual stocks on our Watch List followed the markets lead.

The lack of VOLUME lead to a lot of sideways trading this week.

Target ($TGT) and Carnival Cruise Lines ($CCL) were two stocks that provided us with nice LONG trade setups AND followed through nicely to close the week.

As this nice move in the market continues the lack of VOLUME and VOLATILITY that we have mentioned in this post is a sign of caution as we move into next week.

The momentum has slowed a bit but that doesn't mean that it cant continue next week.

The only thing we can do as traders is to prepare ourselves for whatever the market decides to do and take the appropriate action.

Until next week…Good Trading to YOU!

Tags: DIA, ETF Swing Trading, Retail ETF, Sector ETF's, Swing Trading, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Price Action, Swing Trading Strategies, Swing Trading Volume, 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 »