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Given that the stock market has been relentlessly marching steadily higher for more than a month, yesterday’s correction was not surprising, nor of major concern. Even the strongest of uptrends do not move in a straight line forever, and pullbacks along the way are both normal and healthy. In hindsight, it’s easy to say that [...]
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When buying breakouts of growth stocks, one of the three main techniques of our momentum swing trading system, there are certain technical criteria we look for because all the best stock breakouts share the same traits. Last week (May 17), we sold a breakout swing trade in Pandora Media ($P) for a net gain of [...]
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Yesterday, we sold our swing trade in DB Gold Double Short ($DZZ), a “short ETF” that inversely tracks the price of spot gold, for a solid gain of 9% over a two-week holding period. Since the trade followed through as anticipated, we thought it would be helpful to share an educational technical review of why we [...]
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Being a consistently profitable swing trader is a juggling act that requires one to constantly be focused on a variety of key elements of success: picking the right stocks, managing risk, determining when to sell, and even mastering the psychology of trading. In this educational trading strategy article, we will dive into the topic of [...]
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On May 6, we shared with you our Top 3 Most Simple & Profitable Buy Setups For Swing Trading Stocks. In that trading strategy article, we showed you an example of a “Combo Setup,” as well as a “Blast Off” setup. For the third type of swing trade setup, the “Price Momentum” trade, we promised we [...]
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Many active traders make the mistake of assuming that a winning system for swing trading stocks needs to be complicated. On the contrary, the best trading strategies are typically the most simple because they can be more easily and consistently followed. Our methodology for picking stocks in our popular swing trading newsletter is simple, as [...]
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One ETF on our radar screen for potential buy entry right now is First Trust Internet Index ($FDN). Unlike many of the strongest ETFs in the market that are near-term extended to the upside, $FDN has not yet broken out above its range. As such, one could understandably argue that the ETF has relative weakness [...]
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After a two-day shakeout below support of its 50-day moving average less than two weeks ago, the Nasdaq Composite ripped to new highs yesterday. Clearly, buying the dip is still in vogue, as every significant pullback to the 50-day MA this year has quickly led to new highs in the Nasdaq. As shown on the [...]
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On April 14, we wrote a blog post titled How To Profit From The Break Of 6-Year Uptrend in Gold. At that time, we said of SPDR Gold Trust ($GLD) that a bounce into new resistance of its prior support level (around the $150 area) would provide an ideal, low-risk short selling entry point. But [...]
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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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Deron's ETF book
Deron's new ETF trading book