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Posts Tagged ‘ETF Swing Trading’

Swing Trading Week in Review – February 17, 2012

Sunday, February 19th, 2012

Swing Trading BLOG – Swing Trading Boot Camp

Creeping Higher!

The market rallied to new highs again this week but it was a little slow in the making.

Monday traders watched as the market GAPPED UP and a decent GAP DOWN last Friday.

Tuesday we watched as the market sold off all day only to put in a rip to the close the last 30 minutes of the day.

Wednesdays price action put a lot of fear into the market and had most traders talking about a sell off.

The market spoke loud and clear on Thursday though as it ripped right out of the gate and closed near the high and above the high of Wednesdays trading.

This is why we always form our own opinions by listing to what the market is telling us. We never try to outguess the market.

Did Wednesdays price action and volume tell us anything?

Of course it did.

But we executed our trading plan accordingly and let out LONG trades play out despite all the talk of the "sell off" that was now upon us.

We did NOT change our plan and exit our positions based on what we thought "might" happen.

We were rewarded nicely for being so disciplined.

If you "hit the bid" on Wednesday you might find yourself now chasing stocks up or waiting for the next move to happen.

Stocks and obviously very bullish right now but there will be a retrace in the market sooner or later.

As we look forward trading on Tuesday there are plenty of stocks setting up for potential trades.

A few on our Watch List?

$M $CBRL $WFC $DOW $RIG $HAR to name a few.

Until next week…Good Trading to You!

Tags: ETF Swing Trading, Swing Trading Blog, Swing Trading Volume
Posted in ETF Swing Trading, ETF Trading, Price Action Trading, Swing Trading, Swing Trading Blog | No Comments »

Swing Trading BLOG – Week in Review February 10, 2012

Sunday, February 12th, 2012

Swing Trading BLOG – Swing Trading Boot Camp

The Rally continues but…

The market drifted higher this week extending the rally that started at the beginning of the year.

So where does the "but" come in?

Well Fridays price action left swing traders wondering if the market has reached its peak (at least for now).

Friday traders watched as the market GAPPED DOWN and sold off in the morning only to rally and close at its high.

The sector action was interesting as well. We watched as some of the strongest sectors either "stalled" or began to pullback even as the overall market pushed higher.

The ultra strong Homebuilders ETF ($XHB) traded sideways all week.

The Retail ETF ($RTH) did the same.

The Airlines ($FAA), Real Estate ($IYR) and Materials ETF's all started to retrace this week.

One sector to watch that outperformed the market this week was the Solar ETF ($TAN).

As far as individual names go there were some great moves and the charts still look great.

$NE, $HAR, $AKAM, $V, $VECO, and $WFM turned in a great week!

As we look at the swing trading charts we see a lot of stocks that are still looking very bullish.

Some of the best swing trading indicators are flashing signs of being "overbought" though.

The overall market does continue to show signs of being a bit extended and Fridays trading action leaves us wondering what next week will bring.

So what do swing traders do in a time like this?

Stay true to your plan.

You see we always have a plan…and so should you!

We know exactly what we will do if the market turns down to make a run back towards the 50 day SMA.

We also know what we will do if the market jumps out of the gate on Monday and rallies to new highs.

We have our plan in place well before the market opens each and every day.

Do you know exactly what you will when the market opens on Monday?

Have a plan in place BEFORE the market does whatever it is going to do.

Once it does simply take action based on the plan you have already laid out.

Not only is trading a lot less stressful when you do this it also helps take the emotion out of your trading decisions.

Until next week…Good Trading to YOU!

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

Swing Trading Week in Review – January 27, 2012

Sunday, January 29th, 2012

Swing Trading BLOG – Swing Trading Boot Camp

Right back to where we started!

All looks good for the LONG side of the market although we ended up finishing the week pretty much where we started.

The major indices did pop up again on Wednesday (on good volume) but quickly reversed on Thursday and drifted a bit lower on Friday.

The sector action was a mixed with some of the stronger sectors taking a breather and some sectors showing some increased relative strength.

The Real Estate sector out performed the market by rallying to new highs this week.

The REIT ETF ($RWR) also followed suit…

The Silver and Gold ETF's ($SLV $GLD $GDX) also sprang to life this week…

The Steel and Airline sectors ($SLX $FAA) are also looking good with several stocks in each sector making nice moves this week.

Keep your eye on $AKS $NUE $X $STLD!

The Semiconductors took a little break this week but keep don't forget about names like $MRVL $CREE $KLAC $NVLS $LRCX next week if the market stays strong.

Even with the market stalling this week some of the stocks we watch seem to have gone to far to fast.

With Silver and Gold showing some bullish price action make sure to keep a close eye on the overall market conditions when evaluating your trade set ups.

Have a plan in place and be prepared for anything!

Until next week…Good Trading to YOU!

Tags: ETF Swing Trading, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Strategies, Swing Trading Volume
Posted in ETF Swing Trading, ETF Trading, Gold ETF's, Price Action Trading, Sector ETF's, Silver ETF's, Swing Trading, Swing Trading Blog | No Comments »

Swing Trading Week in Review – January 20, 2012

Sunday, January 22nd, 2012

Swing Trading Blog – Swing Trading Boot Camp

Rally to NEW HIGHS!

After being closed for yet another Monday session the market once again GAPPED UP on Tuesday.

Swing Traders had to wonder if the "GAP UP and trade sideways" pattern would continue.

The rest of the week however brought about good news as the market actually traded higher and closed out the week at new multi month highs!

For the most part the sector action was also very bullish with a few sectors really taking the lead.

The Semiconductor ETF's ($SMH) rallied nicely as did the overall Technology ETF ($XLK).

These sectors provided some nice continuation trade setups in stocks that were on our Watchlist.

$ATMI continued to rally after a minor one day pullback last Friday.

$KLAC made a nice move to the up side after breaking out of its triple top resistance.

There were also plenty of other stocks making nice moves.

$WFM, $MWW, $AFL, $ADBE and $GS were a few more that made our list.

As we move into next week there are tons of stocks to watch. Some of these are setting up nicely for possible LONG trades if the market continues to show strength next week.

Some of those stocks are becoming a bit extended after 3 or 4 days up. Make sure you wait for your setup and don't chase stocks up in an attempt to catch the move.

Lets hope the market continues to advance after this last break out but as always be prepared for anything.

Until next week…Good Trading to YOU!

Tags: ETF Swing Trading, Sector ETF's, Swing Trading Blog, Swing Trading Price Action, Swing Trading Strategies
Posted in ETF Swing Trading, Price Action Trading, Swing Trading, Swing Trading Blog, Swing Trading Stocks | No Comments »