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Swing Trading Week in Review – December 3, 2010

Sunday, December 5th, 2010

Swing Trading BLOG – Swing Trading BOOT CAMP

Swing Traders saw a nice pop in the market this week!

Tuesday's "inside day" was followed by a big GAP UP on Wednesday and nice follow through on Thursday and Friday.

Several of the sector ETF's broke out to NEW HIGHS for the year!

The Energy ($XLE) and Oil Services ($OIH) ETF's made this list as did the Silver ETF ($SLV) and the Semiconductor ETF ($SMH).

All of these ETF's have been mentioned in our previous BLOG POSTS since they have been the strongest sectors during this recent move in the market.

If you only Swing Trade ETF's then these sector ETF's provided you with an opportunity to enter into another LONG trade this week.

If you trade both individual stocks and ETF's then this week you had plenty of trades to chose from.

In our nightly Swing Trading Newsletter we provided our subscribers with several trades that worked out very nicely this week.

The sectors we listed above had several stocks on our Watch List that made nice moves this week.

$APA $APC $NBR $BHI $HES $SLB $HAL $COG

$KLAC $NVDA $LRCX $MRVL $VSEA $NVLS

Even though it is not at a new yearly high the Retail sector ($RTH) has been HOT lately.

The stocks in this sector also had some nice trade setups.

$TGT $HOG $ANF $URBN $BOBE $TIF $COH

This week we also saw a big move in the "laggard" sectors that we have been watching.

After their recent BREAK OUT (and pull back all the way to support) we saw the Financials ($XLF), Homebuilders ($XHB) and Broker/Dealers ($IAI) all have nice moves to the UPSIDE this week.

We have been saying for the past few weeks that the market was at a pivotal point and that we needed the market to tell us where it was headed next.

This week it did exactly that!

We actually had a few SHORT trades on this week that were STOPPED OUT for a loss.

We did that (and will continue to do so) because at the time the market was a bit indecisive BUT the stocks we traded were showing signs of weakness.

Being stopped out does not bother us one bit.

As a matter of fact it gives us even more conviction as to where the market is headed in the near term.

Our SHORT trades were quickly replaced with several LONG trades as the market moved higher.

If you follow our BLOG you know by now that being prepared for ANYTHING is our mantra.

This week is great example of how and why that being prepared and reacting accordingly is exactly what it takes to profit from the market.

Until next week…Good Trading to YOU!

Tags: ETF Swing Trading, Retail ETF, Sector ETF's, Swing Trading, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Price Action
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 26, 2010

Sunday, November 28th, 2010

Swing Trading BLOG – Swing Trading BOOT CAMP

As the holiday shortened week came to end the markets appear to be a bit indecisive about which way they want to go from here.

The market was a bit choppy this week with a big GAP DOWN on Tuesday and then a big GAP UP on Wednesday.

The market of course was closed on Thursday but hen Friday morning rolled around traders we confronted with yet another GAP DOWN.

This "choppy" price action is a bit to be expected during a holiday week so it should be interesting to see what happens when we open for trading on Monday.

Last week we told you that our belief is that we are at a pivotal point in the market and this week has done nothing to change our mind.

All three major indices are still trading above their 50 day SMA's and some of the individual sectors are acting very well.

This is a good sign for the "Bulls".

On the flip side though is the fact that we are continuing to see more SHORT trade setups then we have in awhile.

It feels like the "Bears" are sitting on the sidelines and licking their chops waiting for the time to pounce.

Like we said last week how the market follows through from here will be the key.

Make sure you have a list of possible SHORTS and LONGS for next week.

Be prepared for whatever the market does from here and simply take action when it does.

Until next week…Good Trading to YOU!

Tags: ETF Swing Trading, Swing Trading, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Price Action
Posted in ETF Swing Trading, ETF Trading, Stock Market Update, Swing Trading, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Charts, Technical Analysis | No Comments »

Swing Trading Week in Review – November 19, 2010

Sunday, November 21st, 2010

Swing Trading BLOG – Swing Trading BOOT CAMP

The sell off continued to start out the week on a negative note.

By Thursday however we saw the buyers step back in and give the markets a lift to close out the week.

This recent sell off has taken the major indices back near their 50 period SMA's on INCREASING VOLUME which is a bit concerning.

The "inside day" we saw in the markets on Wednesday was followed by less than impressive volume as the market rose Thursday and Friday.

It looks like we are at another pivotal level in the market and as always follow through (and how it does) is the key.

This low volume "bounce" could be quickly followed by MORE BUYING and an increase in volume.

This would be a great short term sign that the bulls are still in charge.

If however this low volume "bounce" is followed by AGGRESSIVE SELLING then the market could be in a for a significant move lower.

Some of the sector ETF's preformed quite well to close out the week while others are showing signs of tremendous weakness.

The Oil Services (OIH) and Energy ETF's (XLE) had nice moves to the upside.

The Semiconductor ETF (SMH) remains strong after it's recent BREAKOUT and we will continue to look for signs of follow through in this sector.

Silver (SLV) also made it's next UP SWING after a decent pull back from it's most recent high.

The two sector's we focused on in last weeks BLOG POST…The Financial's (IYF, XLF) and the Homebuilders (XHB)…have now pulled back to a level that is BELOW their recent breakout points.

Both sector's are hovering around their 50 DAY SMA's and are still in a "zone" that COULD hold as support but this type of deep pullback after a HIGH VOLUME breakout is NOT a great sign.

Even though the market is showing a bit of weakness recently there were still plenty of opportunities to take some LONG trades this week.

Several stocks on our Watch List set up for some nice trades this week.

Stocks on this list were $LULU, $COG, $MRVL, $WLK, $X, $BRCM, $TIF, $MEE and $HAL (to name a few).

Even though the market is still technically in a very BULLISH phase it is at, what we believe, at very pivotal level.

For the first time in several weeks we are actually seeing a number of SHORT trade setups.

During this recent sell off in the market several stocks have actually started to show signs of weakness.

$ERTS, $LLY, $G, $K, and $MED are a few on our list that are relatively weak.

The Real Estate sector (and the stocks within) have all been hit hard during this recent sell off.

$SPG, $DRE, $KIM and $O have sold off hard recently and a "bounce" could happen in the very near future but the price action and volume we have seen during this sell off has us looking to the SHORT side in this sector.

Next week should give us a good indication of where the market is headed from here.

You may have heard this before but…BE PREPARED FOR ANYTHING!

Until next week…Good Trading to YOU!

Tags: DIA, ETF Swing Trading, Financial ETF, IAI, Sector ETF's, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Price and Volume, Swing Trading Strategies, Swing Trading Volume, XHB, XLF
Posted in ETF Swing Trading, ETF Trading, Swing Trading, Swing Trading Blog, Swing Trading Chart Patterns, Technical Analysis | 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 »