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Swing Trading Week in Review – March 18, 2011

Sunday, March 20th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

And DOWN we go!!!

After several weeks of showing signs of weakness the overall market has finally pushed lower.

Last weeks sell off brought the market down to short term oversold levels by mid week so the bounce we saw on Thursday and Friday came as no surprise.

With the overall market taking a hit this week it was interesting to note how some sectors and stocks were actually holding up despite the selling.

The Oil ($USO $OIH) and Energy ($XLE) sectors are still trading above their 50 day SMA's.

These sectors are still relatively strong but if the market selling continues it could bring these sectors right along with it.

Technology ($XLK) took a hit this week and the Semiconductors ($SMH) continued to push lower after a slight "stall".

One sector on our radar is the Agriculture sector ($DBA $MOO).

After a hard SELL OFF this sector has retraced back to just under the 50 day SMA.

Watch to see how this ETF and the stocks in this sector follow through as they may just be setting up some nice SHORT trades.

We have a TON of stocks on our Watch List as we move into next week.

Until then…Good Trading to YOU!

Tags: ETF Swing Trading, Sector ETF's, SHORT SWING TRADING, Swing Trading, Swing Trading Blog, Swing Trading Chart Patterns, Swing Trading Price Action, Swing Trading Strategies, Swing Trading Volume
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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
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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 – February 18, 2011

Sunday, February 20th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

Up Up Up and away!

Yes the rally continues for yet another week!

The overall market and many sector ETF's moved higher this week leaving many shaking their heads in disbelief.

We moved back into LONG ONLY mode a few weeks back and the market has cooperated nicely.

One sectors price action towards the end of the week did stand out though.

Take a look at some of the Agriculture related stocks to see what we mean.

$MOS, $CF, $AGU and $POT all put in lower high as sellers stepped in on Friday pushing these stocks lower.

The SELL OFF in these stocks happened during a very strong week in the market.

Not yet a sign to get bearish on this sector but something to watch as we move forward from here.

On the LONG side things are obviously much more clear.

The Energy sector got a lift this week and some of the stocks we mentioned a few weeks ago broke out nicely.

$BHI, $NBR and $MRO all turned in a nice week of gains.

As we move into next week we will stick with our "Bullish" attitude and stay away from the short side.

As short term traders we realize that things can change in an instant though.

We will continue to listen to what the market tell us and attempt to profit accordingly.

We hope you will do the same!

Until next week…Good Trading to YOU!

Tags: ETF Swing Trading, Financial 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 | No Comments »