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Posts Tagged ‘Swing Trading Volume’

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 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 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 »

Swing Trading BLOG – Week in Review – June 3, 2011

Sunday, June 5th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

The DOWN move continues!

After one day of trading above its 50 day SMA the DJIA sold off for the rest of the holiday shorted week.

The push lower takes the markets to a new six week low.

Most (not all) sectors followed suit as the sellers came out in force.

The Financials ($XLF) and the Homebuilders ($XHB) were hit hard.

Technology ($XLK) and more specifically the Semiconductors ($SMH) also had a rough week.

Retail ($RTH) was holding up but finally gave way to the selling this week as well.

The Energy ($XLE) and Oil ($OIH) ETF's actually held up rather well this week.

Who knows if this SHORT TERM relative will hold up but it is something to watch as we move forward from here.

The Agriculture ETF's ($DBA $MOO) also are showing some signs of strength.

The overall market is pretty near a SHORT TERM oversold level so keep that in mind as we go into next week.

Don't chase the market down and wait for your setups to develop.

Be prepared for whatever the market does from here and as always…Good Trading to YOU!

Tags: 50 Day SMA, DIA, ETF Swing Trading, Financial ETF, Retail ETF, Sector ETF's, Swing Trading Chart Patterns, Swing Trading Strategies, Swing Trading Volume
Posted in ETF Trading, Swing Trading, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Videos | No Comments »