Simple stock trading blog » ETF trade setup

Pharmaceuticals ETF lost popularity ?

richk — Fri, 23 Apr 2010 11:57:48 +0000

Investors lost its appetite to buy pharmaceutical companies. PPH – Pharmaceutilas ETF indicates such situation. It looks like any rally in PPH is shortable. I will monitor it in my ETF Trading to prepare some setup. But we are in strong bullish stock market trend and therefore I will set up only half size trade for this idea.

IDU ETF bullish stock chart action

richk — Wed, 07 Apr 2010 10:12:47 +0000

I monitoring IDU – Utilities ETF. It is breaking out of consolidation pattern and is poised for further gains. I am preparing new trade setup to trade this new trend.

UUP – made bullish flag chart pattern again

richk — Mon, 15 Mar 2010 21:56:17 +0000

UUP made bullish stock chart pattern (bulflag) again.I am waiting for new breakout of this stock chart pattern for ETF trade in this ETF.

I like to short Japanese yen

richk — Thu, 18 Feb 2010 09:28:02 +0000

I have been looking for establishing new short in Japanese Yen currency. It is based on Global macro story I follow in my fund. And it is also confirmed by nice chart pattern. You can see it on chart of FXY (Japanese yen Currency ETF).

UUP is only bullish ETF right now

richk — Fri, 05 Feb 2010 12:34:41 +0000

I noticed that UUP is only bullish ETF in today’s market.

I am in long UUP trade for more then month and expect more upside move.

I was able to spot early strength by my proprietary scanner I use for scanning about 80 ETFs in my watch list. I use this watch list for selecting best trading opportunities for my ETF trading strategy I use in my fund.

Btw. I am now preparing special newsletter which will publish my ETF trading setups , picks and analysis. Keep tuned, will be available soon.

KRE regional banks ETF is in bullish mode

richk — Fri, 22 Jan 2010 12:51:18 +0000

I have noticed that KRE ETF has broken through resistance and is heading higher. I do not like fundamentals of US banks too much but technically it is definitely bullish setup in some pullback.

UUP bullish stock chart pattern

richk — Sun, 10 Jan 2010 17:25:25 +0000

USD index ETF – UUP – is forming bullish stock chart pattern . It offers another opportunity for opening new long trade in this ETF.

Japan ETF – EWJ – turned bullish

richk — Thu, 07 Jan 2010 14:41:25 +0000

EWJ, ETF tracking Japanese stocks, is presenting nice bullish stock chart pattern . Breakout of current chart pattern could lead to rally in EWJ. I wait for good entry point.

Gold is not bullish now

richk — Sun, 27 Dec 2009 21:14:13 +0000

I see higher probability for new decline toward 1000 USD mark.

Going to prepare Gold ETF – GLD – short setup for my fund.

USD index changing trend

richk — Sun, 13 Dec 2009 22:29:22 +0000

I have noticed that USD Index has broken downtrendline and finished last week stronger. I think we can see start of new USD bullish trend move . I am waiting for this new trend and plan to trade it in my fund accordingly.

This index can be traded directly with ETF stock “UUP”.