Retail ETF | Swing Trading Boot Camp

Posts Tagged ‘Retail ETF’

Swing Trading Week in Review – March 25, 2011

Sunday, March 27th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

After a nice SELL OFF last week the market continued its short term "bounce" this week.

This move brings the overall market back to a key price level which could act as a near term resistance level that may be hard to break.

As far as the stronger sector ETF's are concerned the Oil Services ($OIH) basically traded sideways this week while the Energy sector ($XLE) moved to the upside a bit.

We are still watching to see how some of the weaker sectors are going to follow through.

Sectors like Technology ($XLK), Semiconductor's ($SMH) and Agriculture ($DBA $MOO) are all on our "weak" sector list and are still trading below their 50 day SMA's.

We continue to trade both sides of the market and some of the stocks that were holding up nicely last week made moves to the UP side this week.

Strong stocks on our list have been $STJ, $WFMI, $SMG, $WLK and $SINA (to name a few).

As we move into the next week of trading we once aging go into the week with a list of both SHORT and LONG trades on our radar.

Be prepared for anything and until next week…Good Trading to YOU!

Tags: ETF Swing Trading, Retail ETF, SHORT SWING TRADING, Swing Trading, Swing Trading Blog, Swing Trading Price Action
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Swing Trading Week in Review – March 4, 2011

Sunday, March 6th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

After a BIG sell off on Tuesday the overall market rebounded a bit Wednesday and Thursday.

Friday the SELLERS came back out to play and drove the market lower once again.

It is definitely a "mixed bag" out there with several stocks and ETF's holding up while others are falling apart.

The Retail sector ($RTH) and Homebuilders ($XHB) are still showing weakness as they trade just below their 50 day SMA.

Oil Services ($OIH), Energy ($XLE) and especially the US Oil ETF ($USO) all remain strong.

As we wrote in last weeks BLOG post we are back into taking positions on both sides of the market.

This week we will approach our trading in the same "mode" as last.

Plenty of stocks are showing weakness and if there is follow through to the down side then these stocks will be the ones to SHORT.

If the market does somehow find some legs then we will turn to the stocks in the sectors that are holding up the best.

Until next week…Good trading to YOU!

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

Swing Trading Week in Review – February 25, 2011

Sunday, February 27th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

Now things get interesting!

The overall market saw its first significant pullback in a mighty long time this week.

After pushing to NEW HIGHS for the year again on Monday the SELLERS came out of the woodwork on Tuesday and pushed the market lower.

The SELLING continued Wednesday and Thursday before finally letting up on Friday.

Some sectors (Oil Services and Energy) held up quite well this week while others (Retail, Homebuilders, Steel) fell below their 50 day SMA for the first time in several weeks.

As we move into next week we are definitely looking at BOTH sides of the market for trading opportunities.

How the market follows through from here will be key.

We will have no problem having both LONG and SHORT positions until the market gives us a a clear cut direction.

When you are looking through your charts this weekend get back into the habit on having both LONGS and SHORTS on your Watch List.

And just a reminder… we have created a list of Inverse ETF's just in case the whole "shorting" thing doesn't work for you.

Next week should be interesting for sure!

Until then…Good Trading to YOU!

Tags: 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, Technical Analysis | No Comments »

Swing Trading Week in Review – January 28, 2011

Sunday, January 30th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

The week of the Good, the Bad and the UGLY!

Well the GOOD news is that the DJIA moved to NEW HIGHS again this week AND both the S&P 500 and NASADAQ follwed suit.

The BAD news is that once again the price action in the individual stocks paints a different picture.

We have been saying this for a few weeks now but as more and more stocks start to show signs of weakness it is something to take note of.

This weeks UP move in the market was on DECREASING VOLUME and Friday the volume finally picked up but…it was on the SELL side!

Look at the chart above to see what we mean.

A market moving higher on lower and lower volume is never a good sign but as always how the market follows through will be key.

If you are trading the major index ETF's ($DIA, $SPY, $QQQQ, etc.) then all has been very good for you on the LONG side and this week was no different.

If you Swing Trade both stocks and ETF's then you may have actually been able to make some trades on the SHORT side as well these past few weeks.

It really depends on the type of Swing Trader you are and how often you need to trade to reach your goals.

We have been posting about the weakness in some of the individual Retail names for a few weeks now.

$ANN, $M, $ANF, and $TIF are a few that come to mind.

On the LONG side we have mentioned the Energy ($XLE) and Semiconductors ($SMH) were holding up well and this week both sectors moved a but higher.

$BHI, $COP and $SUN popped this week as did $KLAC, $NVLS and $ATMI.

As we look through the charts from this week that biggest thing that stands out is the BIG VOLUME coming into these stocks as they sell off.

Take a look at a few charts like $MWW, $IDSA, $F and $FDX to see what we mean.

Fridays sell off was a BIG ONE and the volume that accompanied it should grab your attention.

This market has gone UP and UP and UP for a long time so when and if we get any kind of correction it could be a decent one.

Don't try to outguess the market…simply be ready for whatever the market throws your way.

Next week should be interesting for sure!

Until next week…Good Trading to YOU!

Tags: ETF Swing Trading, Retail ETF, Sector ETF's, SHORT SWING TRADING, 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 | No Comments »