Sector ETF’s | Swing Trading Boot Camp

Posts Tagged ‘Sector ETF’s’

Swing Trading Week in Review – June 15,2012

Sunday, June 17th, 2012

Swing Trading BLOG – Swing Trading BOOT CAMP

A nice week for the major indicies this week.

That being said was probably better to be a day trader this week instead of an overnight swing trader.

The intraday moves were very nice and offered reliable chart patterns to trade while the over night moves were less predictable.

See how we trade our Intraday Swing Trading Strategy here.

After a BIG GAP UP on Monday morning the sellers stepped in to bring the market down to end the day.

Tuesday didn't draw much excitement but starting on Wednesday the market started to show signs of moving higher.

Fridays close brought the DJIA right up to its 50 day SMA while the S&P and Nasdaq aren't far behind.

A few of the sector ETF's showed signs of life as well while others are showing extreme relative weakness.

The Gold ETF's continue to trade above their 50 day SMA's and although Silver hasn't quite caught up just yet it looks to be showing signs of strength.

As next weeks trading begins things could change in a hurry.

With all the news coming out next week be prepared for the markets to move very quickly. One side will win the "tug of war" and you will miss the moves if you aren't ready.

Look for stocks bucking the down trend (i.e. $WFM $EQIX) to add to your LONG watch list.

Look for those stocks that did not hold up well this week to add to your SHORT watch list.

Have a plan in place so whatever the market decides to do from here you will be prepared to act (and hopefully profit).

Until next week…Good Trading to YOU!

Tags: ETF Swing Trading, Sector ETF's, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Strategies
Posted in ETF Swing Trading, Intraday Swing Trading, Sector ETF's, Swing Trading Blog, Swing Trading Chart Patterns | 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 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 »

Swing Trading Week in Review – January 13, 2012

Friday, January 13th, 2012

Swing Trading Blog – Swing Trading Boot Camp

The sideways trading continues!

Swing Traders were a little excited Tuesday as the market GAPPED UP and broke out of the week long sideways trading range.

As the day progressed though the price action and volume painted a different picture. The low volume and close near the lows of the day did give us much conviction.

The rest of the week looked a lot like last week. Sideways trading and lack of follow through in the overall market.

Some individual stocks on the other hand looked much more impressive.

After breaking out of a longer term down channel $WLK broke out to a higher high on Monday.

Look at the last 5 days of volume. A pretty picture indeed!

$KMX made a nice move to the upside after a nice price and volume move on Tuesday.

The move takes $KMX to new multi month highs.

$ATMI (mentioned is last weeks BLOG POST) continued its UP move after breaking out of a nice "cup and handle" pattern on the daily chart.

The market remains strong and continues to hover near its high.

While its hard to look to the SHORT side with such apparent overall strength stay aware of the sectors that aren't really acting that well.

This will paint and very detailed picture for you of where the market sits and how each sector is acting.

Know each and every day which sectors and stocks are showing relative strength and which are showing weakness.

Doing so will keep your on the right side of the market and will also give you an idea of where to turn if the market reverses.

As always be prepared for anything and act accordingly when the market tell you to.

Until next week…good trading to YOU!

Tags: ETF Swing Trading, Sector ETF's, Swing Trading, Swing Trading Price Action, Swing Trading Volume
Posted in ETF Swing Trading, ETF Trading, Price Action Trading, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Charts, Swing Trading Stocks, Trading Price Action and Volume | No Comments »