August 7th, 2008 richk
I am not very active this week. FED meeting was one reason. Low volumes during last 2 weeks is another. I do no see this up move as very bullish. I still see it as possible short selling opportunity.
Especially European indexes are weak link. Check DAX, FTSE, IBEX etc… They will drop much more then US markets I think.
But as US markets are my main place for trading I preferably watch them. And I found relative weakness in Industrials sector. So I have prepared list of potential short swing trade candidates from this sector. It is also possile to trade it via Short ETF for Industrial sector.
Posted in ETF analysis, Stock market comment | No Comments »
July 24th, 2008 richk
I mentioned basic materials sector already as bearish trade opportunity.
Now it looks like this whole sector is headed down which means that Ultra short ETF tracking this sector can make breakout. See situation on chart
Posted in ETF analysis, ETF trade setup | No Comments »
July 22nd, 2008 richk
I monitor several coal stocks. They started to show important weakness. I think we could see one more move down in this Coal sector.
Posted in ETF analysis, Stock chart analysis | No Comments »
July 17th, 2008 richk
I have noticed bearish action in Basic Materials sector. This sector was one of strongest in past months. It looks like huge profit taking in this sector is taking place.
I noticed bearish chart pattern forming on chart of XLB - Basic Materials ETF.
Posted in ETF analysis | 1 Comment »
July 9th, 2008 richk
As I mentioned in my newsletter, supports finally hold markets and allowed them to move up.
My long entries in biotechnology stocks mentioned in my newsletter moved well together with announced drop in Energy sector (I am still long DUG and short some Energy names).
Biotechnology sector is only one that is worth watching for long trades. It is strongest one in current market situation. See chart below.
Final notice: we are still in downtrend so I plan to wait a day or two for new short trade setups in weakest sectors.
Posted in ETF analysis, ETF trade setup, Stock market comment | No Comments »
July 2nd, 2008 richk
During my regular stock chart analysis I noticed that Energy sector could be forming important top. There is possible to find something like head and shoulders stock chart pattern. This is bearish sign.
There are also negative bearish candlesticks on weekly chart during last 5 weeks or so.
I think we can expect significant correction in this sector. I prepared ETF stock trade setup with Inverse Ultra Short ETF for Energy sector - DUG - for such case.
Posted in ETF analysis, ETF trade setup | 1 Comment »
June 25th, 2008 richk
I mentioned yesterday that there is Ultra Short Crude Oil ETN (like ETF).
There is also Ultra Short Gold ETN :
DB Gold Double Short ETN(Symbol: DZZ)
I will monitor this ETN as I have bearish view to gold based on principles of my stock chart analysis and so I could use these shares to enter ETF short swing strategy trade. I expect that gold is going to drop to 800 USD area.
Posted in ETF analysis, ETF trade setup | 2 Comments »
June 24th, 2008 richk
I have been informed about several new Inverse Short Index shares . There are not ETFs but ETN, product very similar to ETF.
One of them is Crude Oil short strategy share:
PowerShares DB Crude Oil Double Short ETN - Symbol: DTO
I do not think that it is time to short Crude right now, but I will have this stock prepared for possible shorts when current rally in Crude will start to correct down.
Posted in ETF analysis, General | No Comments »
June 20th, 2008 richk
I have noticed bullish stock chart pattern on stock chart of Ultra short China ETF - FXP.
It is typical bullish setup for FXP with targets near 100 area in case of breakout of this bullish stock chart pattern.
Posted in ETF analysis, ETF trade setup | 2 Comments »
June 14th, 2008 richk
I noticed that DBA has broken from longer consolidation and is now heading to new highs.
I think that DBA could reach 43 and then 47 as possible targets. I am watching for any pullback for possible entry.
Posted in ETF analysis, ETF trade setup, Stock chart analysis | No Comments »
