Rather than looking at actionable swing trading stock and ETF trade setups in a market that has not exactly been conducive to new swing trade entries lately (whipsaw city), today we will instead assess the current technical support and resistance levels of several broad-based ETFs that track the main stock market indexes. Upon doing so, […]
Category: Stock Trading Strategy
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While money has flowed out of BRIC ETFs (Brazil, Russia, India, China), Southeast Asia continues to be a hot spot with bullish chart patterns in Indonesia ($EIDO), Thailand ($THD), and Singapore ($EWS). When we first alerted you to these bullish patterns in our April 10 blog post, most of the chart patterns were not yet actionable. […]
Nearly a month ago, in our March 18 blog post (part 1), we said, “The impressive, long-term uptrend in gold (from 2005 to 2011) appears to be reaching an end. Since forming an all-time high in September 2011, SPDR Gold Trust ($GLD), a popular ETF proxy for the spot gold commodity, has merely been oscillating in […]
Our technical ETF and stock scans have produced several high quality stock and ETF swing trade setups over the past several days. Within the realm of ETFs, a majority of the most bullish chart patterns are presently found in international ETFs. More specifically, ETFs of the Asian region are showing the most relative strength. In this article, […]
In this April 2 blog post, we explained in detail how to trade a bullish technical chart pattern known as the “cup and handle.” At the time, United States Natural Gas Fund ($UNG) was still forming the “handle” portion of the pattern. However, since the ETF broke out last Friday (April 5), $UNG is now in play as […]
Last night, we (Deron and Rick) spent several hours manually scanning the chart patterns of more than 900 stocks and ETFs. While our web-based stock screener is a fantastic time saver in steadily trending markets, markets in transition require the added interaction of human discretion, which is one of the key reasons traders subscribe to […]
Both the large-cap Dow Jones Industrial Average ($DJIA) and benchmark S&P 500 Index ($SPX) continue to push higher, and both indexes closed at fresh, multi-year highs yesterday. However, we are now seeing bearish divergence in small-cap stocks, as the Russell 2000 Index ($RUT) has just broken below near-term technical support of its 20-day exponential moving […]
Throughout the entire rally of 2013, the NASDAQ has been lagging behind, while the Dow and other large-cap stocks have been showing leadership. However, over the past week, we have been spotting what may be early signs of institutional sector rotation out of the Dow and into the NASDAQ. Within the NASDAQ, one industry sector that […]
The challenge of trading around quarterly earnings reports When I first began my trading career about 15 years ago, I had no idea how to manage trades that coincided with the quarterly earnings reports of various stocks. Whenever I simply held my positions through earnings and hoped for the best, I was somehow wrong a […]
One ETF we have been watching closely for potential swing trade entry in recent weeks is PowerShares QQQ Trust ($QQQ), a popular ETF proxy for the tech-heavy Nasdaq 100 Index. Specifically, we have been monitoring a bearish head and shoulders pattern that has been developing on the weekly chart interval of $QQQ. If this bearish chart pattern […]
