Until now, the 2013 stock market rally has clearly been led by the Dow Jones Industrial Average, while the Nasdaq Composite has lagged behind considerably. But since the recovery off the April 18 “swing lows” in the broad market, the Nasdaq has climbed 3.3%, while the Dow has gained only 0.9% during the same period. […]
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Led by solid gains in the Nasdaq 100 and Nasdaq Composite, stocks closed higher across the board yesterday (April 22). The Nasdaq Composite easily outperformed the S&P 500 on Monday, signaling that money is beginning to rotate out of the S&P 500 (and Dow) and into the Nasdaq. This is a positive sign for the […]
Stocks continued to sell off on Thursday, with tech stocks getting hit the hardest. The Nasdaq Composite sold off 1.2%, while most averages closed lower by 0.6% to 0.7%. The Nasdaq sliced through key intermediate-term support of its 50-day moving average, joining the Russell 2000 and S&P Midcap 400. The S&P 500 closed just below […]
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, […]
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 […]
