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 […]
Category: Stock Trading Strategy
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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 $QQQ. If this bearish chart pattern […]
The impressive, long-term uptrend in gold (from 2005 to 2011) appears to be reaching an end. Since forming an all-time high in September 2011, SPDR Gold Trust ($GLD), a popular ETF proxy for the spot gold commodity, has merely been oscillating in a sideways range. However, it appears that a definitive move lower may be […]
In yesterday’s ETF commentary, we pointed out the developing bullish setup in SPDR Energy ETF ($XLE). However, as the ETF had not yet broken out to new highs, we said it may need another week or two of consolidation, as well as tightening of the price action near its prior high. While $XLE remains on […]
With our stock and ETF swing trading strategy (overview here), there are three main types of trade setups we take: breakouts above consolidation, pullbacks to near-term support (in uptrending stocks), and trend reversals. In healthy markets, we primarily focus on buying breakouts and pullbacks. However, we occasionally spot low-risk trend reversal setups, which often offer […]
Several weeks ago, the spot gold commodity broke down below major support of a multi-year uptrend line. Now, gold is hanging around near horizontal price support of its 2012 lows. On our internal watchlist as a potential short sale if it bounces into new resistance of its prior uptrend line, SPDR Gold Trust ($GLD) could […]
Yesterday’s bullish broad market performance was impressive, and admittedly a bit surprising. The major indices have now absorbed recent overhead supply by breaking out above pivotal levels of technical price resistance. Most importantly, higher volume finally confirmed the rally for a change. All of this means that our previous intermediate-term “sell” signal on the market […]
We spent several hours extensively scanning the markets over the weekend, and came to the conclusion that the current market environment is a choppy, sloppy mess. Although large-cap stocks continue to show relative strength, which enabled the Dow Jones Industrial Average to finish at a new 52-week high (on the weekly chart), the important Nasdaq […]
Since February 25, we have been operating on a “sell” signal that was generated by our rule-based market timing system (learn exactly what that means). We have been using that same market timing strategy internally since 2006, and it has always done a pretty good job of keeping us in line with the intermediate-term trend […]
