When swing trading with the trend of the major indices, we firmly believe it is absolutely necessary to focus on reacting to market action, rather than attempting to predict it. As such, if we change our minds about a position, such as where to place the protective stop, it is because we are constantly trying […]
When a stock market is in runaway uptrend mode and refuses to pull back substantially, most investors and traders think, “I am not buying stocks at this level; I’ll just wait for a pullback.” Eventually that pullback will come, but often only after a multi-month advance has passed. This is why, in strongly uptrending markets, […]
Going into this week, we have one new technical ETF swing trade setup on our watch list, which is another international ETF was a bullish chart pattern. The iShares MSCI Singapore Index Fund ($EWS) has been exhibiting tight, sideways price action over the past six weeks, near its prior highs and just above the $13.50 […]
On January 24, 2013, we hosted a Live Online Trading Webinar in which we conducted simple and objective technical analysis of various stock chart patterns that attendees requested us to review. If you were unable to attend that live event (described in this post), our video recording of this educational trading strategy webinar is now […]
Yesterday’s price and volume action in the broad market produced the first true distribution day (higher volume decline) in the Nasdaq since the big gap up of January 2. While we have seen a few weak, unconvincing instances of distribution since then (ie. price action closed well off the intraday lows), yesterday’s (January 24) price […]
Since 2002, thousands of traders have been profiting from the winning ETF and stock picks provided by the expert swing traders at Morpheus Trading Group (MTG). But this time, we are turning the tables around and you don’t want to miss it! On Thursday, January 24 at 9:00 pm EST (click here to convert to your local time zone), MTG […]
In our January 10 commentary and on this blog post, we said Market Vectors Coal ETF ($KOL) could pull back to find near-term support in the area of both its rising 20-day exponential moving average and 200-day moving average (around $25.50). Specifically, we said, “we would ideally like to see the price action retrace down […]
The Market Vectors Russia ETF ($RSX) is currently forming a tight-ranged base (similar to a cup and handle chart pattern) on its longer-term weekly chart below. After rallying 30% off its 2012 low, $RSX subsequently pulled back and successfully tested new support (prior resistance) of its multi-year downtrend line, and now is forming the right […]
On December 31, 2012, we bought the iShares MSCI All Peru Capped Index ETF ($EPU) as a short to intermediate-term swing trade entry in The Wagner Daily ETF and stock trading report. Although the position is still open, the ETF is presently showing an unrealized gain of 4% since our initial buy entry on the […]
Editor’s note: Following is a guest blog post from the folks at FinancialTrading.com. Even though our blog focuses on swing trading, rather than intraday trading, we know that many of our readers engage in both trading intervals. Further, we also thought it would be a nice change of pace to post some content that relates […]
