In this February 22 post on our trading blog, which was published immediately following two days of heavy selling on February 20 and 21, we said, “If and when the S&P attempts to bounce from its current level, the subsequent price and volume action that immediately follows any recovery attempt will be extremely important at […]
Stocks bounced back last Friday, with all main stock market indexes posting gains of at least 0.9%. However, total volume was significantly lighter across the board, signaling a lack of buying interest amongst banks, mutual funds, hedge funds, and other institutions. Last week’s back to back distribution days (February 20 and 21) in the S&P […]
For the second day in a row, the broad market sold off across the board on higher volume. Although the percent losses were not as bad as Wednesday, the S&P 500 followed through to the downside for the first time in 2013. With turnover increasing on the both the Nasdaq and NYSE, the S&P 500 […]
Stocks suffered their first substantial round of losses in weeks yesterday, as a negative reaction to the Fed’s last policy meeting gave traders a good excuse to sell and lock in profits from the current uptrend. The S&P 500 and Nasdaq Composite declined 1.2% and 1.5% respectively. Blue chips held up the best, as the […]
Last month, we netted an 11% gain on a swing trade in LinkedIn Corp ($LNKD), which we held for approximately two weeks (15 trading days). In this trading education article, we explain exactly how we did it by reviewing the annotated technical chart pattern that prompted us to enter the trade, then concluding by explaining […]
Solar energy stocks have made a comeback over the past few months, with First Solar ($FSLR) leading the way. SolarCity ($SCTY), MEMC Electronic Materials ($WFR), and JinkoSolar Holding ($JKS) have been exploding higher as well. The Guggenheim Solar ETF ($TAN), which is heavily weighted in leading solar stocks from the United States and China, has […]
We continue to monitor iShares FTSE China 25 Index Fund ($FXI) for a low-risk pullback trade swing trade entry point. On the weekly chart of $FXI below, notice the price has just clipped intermediate-term support of its 10-week moving average, which is basically the same as the 50-day moving average on a daily chart: The […]
After breaking out from a tight, seven-month long base of consolidation, the Guggenheim Shipping ETF ($SEA) has pulled back over the past few weeks to near-term support of its 20-day exponential moving average. The longer-term weekly chart below details the prior base of consolidation from which $SEA broke out above (around $16): Drilling down to […]
A few days ago, we added several new features and tweaks to the MTG Stock Screener, an online technical stock scanner designed to quickly and easily find stocks and ETFs with the highest relative strength that are setting up for ideal swing trade entry points (click here for a basic overview of how our market […]
In this January 30 article on our swing trading blog, we touched on a key psychological element of how to make consistent trading profits. Specifically, the article addressed the importance of trend trading in the same direction as the overall market trend, and continuing trading on that side of the trend as long as the […]
