And the SELL OFF continues!

Another week of selling left the DOW closing just above 10,000 on Friday and by the looks of the charts there were not many sectors immune from the downward push.

Some of the biggest hit sectors were Technology, Steel, Semiconductors, Oil Services and Energy.

The Financials, which some think will be hardest hit due to recent news, held up relatvely well this week.

This could be just a pullback before selling once again comes into the sector sending it lower.

As a swing trader it has been very hard to be LONG anything but INVERSE ETF's.

DXD, SKF,and SRS (just to name a few) have traded up nicely during the past 2 weeks and could be ready for their next move up soon.

Our swing trading newsletter, The ETF Swing Trader, has kept our subscribers informed of these recent profitable trades in these inverse ETF's.

As far as individual stocks go, the chart patterns are setting up nicely for entering into new SHORT positions.

We will continue to look for stocks that are not extended to the downside for SHORT trades.

We are long overdue for some short of pullback in this market after last years run up.

Where we go next week no one knows for sure but but fight the trend and try to out guess the market.

Analyze the PRICE ACTION and VOLUME on the charts and left the market tell you want it wants to do and simply follow along.

Good trading to you!