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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 – 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 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 – November 5, 2010

Sunday, November 7th, 2010

Swing Trading Blog – Swing Trading BOOT CAMP

Finally!!!

Swing Traders got the breakout they have been waiting for as the market traded to NEW HIGHS for the year this week.

As you would expect most of the sectors followed suit by rallying higher this week as well.

The sector ETF's making NEW HIGHS for the year this week were Agriculture ($DBA $MOO), Energy ($XLE), Real Estate ($IYR), Semiconductors ($SMH), Airlines ($FAA) and Technology ($XLK).

SIlver ($SLV) and Gold ($GLD) also rallied to NEW HIGHS as did the Gold Miners ($GDX).

Another interesting thing to take notice of is that there is finally some strength coming into the weakest sectors.

The Financials ($XLF $IYF) and the Hombuilders ($XHB) ETF's broke through key overhead resistance levels this week.

The Broker/Dealer ETF ($IAI) also broke through the resistance in the $25-$27 area.

All of these ETF's broke through these prior resistance levels on BIG volume!

Follow through is the key but the amount of volume we saw at the end of last week in a hopefully a sign of good things to come.

In last weeks BLOG POST we told you that there were a TON of stocks pulling back nicely off of their most recent highs.

Hopefully you were able to get into some of these trades this week.

There were loads of what we call "text book" swing trades to take this week.

A few stocks with favorable risk/reward setups were $MEE, $EC, $ANN, $GS, $BBY, $SKS and $APC to name a few.

$SPG ripped and even $F was a rock star this week!

There were some stocks that actually rolled over this week but with the market breaking out to new highs we have no need to focus on the SHORT side.

Although we will continue to watch BOTH sides of the market to determine overall strength and weakness just remember that CONTEXT is the KEY that allows you to take action.

CONTEXT tells us the market is way too strong to try to fight it but that being said it is also warning us NOT to chase it up at this point!

If for some reason you missed last weeks action BE PATIENT and wait for your trades to set up for you.

Sometimes it is hard to sit and wait when the market is moving up the way it is but often times that is the smartest thing to do.

Until next week…Good Trading to YOU!

Tags: APC, ETF Swing Trading, Financial ETF, Retail ETF, Sector ETF's, Swing Trading, Swing Trading Chart Patterns, Swing Trading Price Action, Swing Trading Strategies, Swing Trading Volume, XHB, XLE, XLF
Posted in ETF Swing Trading, ETF Trading, Stock Market Update, Swing Trading, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Charts | 1 Comment »