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 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 »
June 2nd, 2008 richk
Two bonds ETF - IEF and TLT - have broken their important support levels. This situation is opportunity to use any pullback to resistance (previous support) to short these two bond ETFs. I will use Inverse Bond ETF for this trade.
Posted in ETF analysis, ETF trade setup | No Comments »
May 27th, 2008 richk
As I mentioned in yesterday’s newsletter I monitor Consumer Services sector for short trade . Inverse ETF with symbol SCC is right stock for this trade. Here is chart. When it will move over 88 -90 resistance area, then you can expect strong rally in this Inverse ETF (decline in consumer services sector)
Posted in ETF analysis, ETF trade setup | No Comments »
May 23rd, 2008 richk
I mentioned weakness in XHB earlier in May . Since that I entered short position trade in this ETF and during this week also ETF swing trade . I expect that decline can move this ETF into 18 area first. Second target is near 15.50 - 16.00 area.
Any correction uptrend move could be shorted as new trade or as addition into existing profitable trade. But I do not expect any strong correction till first target will be reached.
Posted in ETF analysis, ETF trade setup | No Comments »
May 21st, 2008 richk
I am watching this Real Estate ETF (IYR) for possible long trade as it nicely consolidates in narrow range under 71.50 resistance area. Breakout through this resistance level could push this Real Estate ETF to 78 - 80 USD area.
Posted in ETF analysis, ETF trade setup | No Comments »
May 12th, 2008 richk
I noticed very interesting chart of DBA - agricultural commodity ETF. I mentioned this ETF also in my regular free newsletter.
As you can see it offer two important levels to watch. One is downtrend line resistance level. Second is horizontal support level. Both level are close and are going closer.I think that we can see breakout to new uptrend or breakdown to new downtrend very soon.
I am prepared to trade it either way.
Posted in ETF analysis, ETF trade setup | No Comments »
May 8th, 2008 richk
British pound established important reversal chart pattern - head and shoulders - on its weekly chart. As you can see on chart of currency ETF tracking British pound it is near important horizontal support level.
As USD looking more strong these days there is really good chance for breakdown of this level with target near 180 (for this currency ETF stock). You can of course trade GBP also on Forex market.
Posted in ETF analysis, ETF trade setup | No Comments »
