After showing impeccable timing by being on vacation over the past week and missing tons of volatility, I am back up to full speed now. To kick things off again, I will be presenting a FREE online webinar today (June 27) at 4:00 pm ET (convert to your local time zone): Top Three Stock and ETF […]
In early May, we sold short spot gold through buying Gold Double Short ($DZZ), an inversely correlated “short ETF.” The trade worked out well, as we sold short gold when it bounced into resistance of its 20-day exponential moving average, which followed a massive break of key support. We subsequently covered about two weeks later […]
Going into today, US Oil Fund ($USO) is a new ETF swing trade setup on our watchlist for potential buy entry. In case you are not familiar with it, $USO is a commodity ETF that approximately tracks the price of crude oil futures contracts. For nearly a year, the price of crude has been in […]
Since mid-April, one of the strongest industry sector ETFs in the market has been Market Vectors Semiconductor ($SMH). We initially bought this ETF when it broke out back in April, sold into strength for a 9% gain several weeks later, then re-entered with partial share size after it began pulling back (May 23). As the […]
In this May 3 post on our trading blog, we said now is NOT the time to step on the gas pedal in your trading operations. We also suggested that sometimes the best move in stock trading is to play defense, and that now may be one of those times. In the trading session that […]
After an impressive, five-month rally that was quite persistent, stocks finally took a rest and registered their largest weekly losses of the year last week. More importantly, we have started to see higher volume declines that indicate the big-money players are selling. As such, you will notice on today’s open position report that we have […]
Although commodity-based stocks have been a big laggard this year, we have noticed some relative strength in Market Vectors Agribusiness ($MOO). After breaking a long-term downtrend line and successfully testing that line last month, we could possibly see a breakout entry emerge down the road (if the price action remains in a tight range. $MOO […]
On the morning of May 23, one day after the first significant broad market decline in more than a month, we targeted both Guggenheim Solar ETF ($TAN) and Market Vectors Semiconductor ($SMH) for potential pullback buy entry in our Wagner Daily newsletter (these two ETFs were actually pointed out as potential pullback entries in this May 22 blog post one day earlier). Because bearish […]
Given that the stock market has been relentlessly marching steadily higher for more than a month, yesterday’s correction was not surprising, nor of major concern. Even the strongest of uptrends do not move in a straight line forever, and pullbacks along the way are both normal and healthy. In hindsight, it’s easy to say that […]
When buying breakouts of growth stocks, one of the three main techniques of our momentum swing trading system, there are certain technical criteria we look for because all the best stock breakouts share the same traits. Last week (May 17), we sold a breakout swing trade in Pandora Media ($P) for a net gain of […]
