There are two basic technical setups
for swing trading on the short side, each with very different looks in terms of where these stocks are trading in relation to their 52 - week highs.
The pink, horizontal line on the weekly chart below shows the area of resistance that $ LULU may bounce to, which may present you with a low - risk entry point
for swing trading on the short side:
Not exact matches
In every issue of The Wagner Daily
swing trade newsletter, we provide an easy way
for subscribers to quickly determine our current overall market bias, based
on the objective rules of our system
for market timing (click here
for an overview of how the timing system works).
Finally, as
for the exit point, our target
on this type of momentum
trade is simply a retest of the prior
swing high (or prior
swing low if selling short).
On October 8, we also closed a
swing trade in Bitauto ($ BITA)
for a price gain of 36.7 % with just a 1 - month holding period.
If you wish to receive the specific entry and exit prices
for our best stock and ETF
trades, such as those discussed in the above video, sign up
for your risk - free trial subscription of our
swing trader newsletter, The Wagner Daily (less than $ 2 per day based
on annual rate).
Our
swing trading system
for stocks focuses
on identifying explosive breakouts primarily in small and mid-cap stocks, in which these stocks typically gain 10 % to 20 % over a 1 — 4 week period.
If you wish to receive the specific entry and exit prices
for our best stock and ETF
trades, such as those discussed in the above video, sign up
for your risk - free trial subscription of our
swing trading stock newsletter, The Wagner Daily (less than $ 2 per day based
on annual rate).
If you're a short to intermediate - term
swing trader of stocks, keep reading
for juicy details that will put you
on the path to greater
trading profits with less risk.
Moving averages play a very big role in our daily stock analysis, and we rely heavily
on certain moving averages to locate low - risk entry and exit points
for the stocks and ETFs we
swing trade.
To learn our detailed entry strategy
for swing trading stocks, be sure to view the excellent, full - length video
on our stock
trading video course page (registration closes
on December 21).
We recently profited from the sale of two ETF
swing trades on the long side of the market, $ FXI (China) and $ EPOL (Poland), and we continue to monitor select international ETFs
for potential buy entry
on a pullback.
With the timing model now sitting in «sell» mode, entering new
swing trades on the short side of the market becomes a possibility
for me and our subscribers
for the first time in 8 months.
Bar 13 - Double bottom higher low, close
on high, still always in long from 8, ok
swing buy or long, but tight
trading range so limit order market, sellers scaling in above, buyers below, both scalping and low probability
for stop entries
Our short setup in iShares Nasdaq Biotechnology Index ($ IBB) remains
on our watchlist as a candidate
for potential
swing trade short sale entry going into today (December 17).
But it can be a boon
for Wall Street dealers because it begets
trading volume and creates opportunity to profit quickly
on outsized price
swings.
Based
on the proven technical analysis techniques of our ETF and stock
swing trading system, today's stock and ETF
trading video provides you with a few of our top stocks to buy
for short - term entry in the coming days.
Presently, there are a handful of stocks that meet my criteria
for selling short (former leading stocks blowing up), but I have not yet spotted low - risk
swing trade entry points
on the daily charts.
To continue building
on your trader education, receive access to our proprietary market timing system, and be alerted to our exact entry and exit prices
for the top nightly stock and ETF
trade picks, sign up here
for your 30 - day risk - free subscription to our momentum
swing trading service.
As with $ LULU, I remain
on the sidelines with this setup, but will be monitoring closely
for a potential short entry in my nightly
swing trading newsletter.
On a separate note, here is a brief update on the open stock and ETF positions presently in our model swing trading portfolio: We sold a partial position of Celldex Therapeutics ($ CLDX) for an 18 % gain on April 25, but remain long about half the original shares (more on our $ CLDX entry here
On a separate note, here is a brief update
on the open stock and ETF positions presently in our model swing trading portfolio: We sold a partial position of Celldex Therapeutics ($ CLDX) for an 18 % gain on April 25, but remain long about half the original shares (more on our $ CLDX entry here
on the open stock and ETF positions presently in our model
swing trading portfolio: We sold a partial position of Celldex Therapeutics ($ CLDX)
for an 18 % gain
on April 25, but remain long about half the original shares (more on our $ CLDX entry here
on April 25, but remain long about half the original shares (more
on our $ CLDX entry here
on our $ CLDX entry here).
Based
on this formula, stocks that return a value of 20 to 30 are very explosive and are usually best
for swing trading, especially when they are liquid (easily tradeable
for individual and professional investors alike).
Being
on the right side of that trend increases our odds of a successful
trade, even if we are only buying the ETF
for a short - term, momentum - based
swing trade.
On today's watchlist, subscribing members of our technical stock picking newsletter should also note the
trade details
for three additional
swing trade setups (2 stock picks and 1 ETF pick).
To learn how to
trade our proven
trading system that works, and to profit from our best short - term stock and ETF picks
on both the long AND short side of the market, sign up today
for your risk - free 30 - day subscription to The Wagner Daily, our nightly
swing trader newsletter.
In today's Wagner Daily newsletter, we are stalking $ SMH
for potential
swing trade buy entry if it meets our technical criteria (looking to add to our existing position
on strength).
Therefore, although TMF is not yet listed
on today's watchlist as an «official» buy entry, it is now
on our internal watchlist as a potential technical
swing trade setup we are monitoring
for the proper trigger point
for buy entry.
The technical
swing trade setup
for $ MX is shown
on the annotated daily chart below:
However, upon closer examination of the big picture, we see that momentum of $ GLD may now be reversing, which could provide
for a solid
swing trading opportunity
on the long side.
Since stocks and ETFs
trading at new 52 - week highs have no overhead supply and price resistance of prior highs to hold them down, our most profitable
swing trades are frequently in stocks and ETFs
trading at 52 - week highs (like this $ CBM
trade we closed
on August 15
for an 11 % gain
on a 4 - day hold).
If you wish to learn more about our proven system
for buying pullbacks of breakout stocks, check out this September 10 video
on our blog that detailed our recent pullback
swing trade entry into $ YELP (which is still open and presently showing a gain of 30.2 % since our entry).
For this pullback entry
on our ETF
trading watchlist, regular subscribers of our Wagner Daily
swing trading newsletter (details here) should note our exact entry, trigger, and stop prices based
on our technical
trading strategy.
Although our stock picking strategy
for swing trading is based primarily
on technical trend following and market timing, we also incorporate certain elements of the popular and proven CANSLIM model into our stock selection process (although we tweak the indicators to be applicable
for shorter holding periods than CANSLIM is intended
for).
In the recent June 18 issue of our Wagner Daily
swing trading newsletter (and
on this blog post), we said our rule - based market timing system had suddenly switched from a «sell» signal to «buy signal
for the first time in more than two months.
Because our momentum - based strategy
for swing trading stocks focuses primarily
on small to midcap stocks (many of which are
traded on the Nasdaq), we would obviously welcome the next phase of the market rally being driven by the Nasdaq.
Bitcoin's wild
swings occurred as the financial community prepares
for bitcoin futures to start
trading on Sunday
on the CBOE and a week later
on the Chicago Mercantile Exchange.
Subscribers should notice
on the ETF
Trading Watchlist that we have adjusted both the trigger and stop prices
for the EEM
swing trade setup.
Going into today, US Oil Fund ($ USO) is a new ETF
swing trade setup
on our watchlist
for potential buy entry.
On this
trading blog, we frequently do educational reviews of actual stock or ETF
swing trades taken in our Wagner Daily newsletter, so that traders may continually learn the details behind the stock
trading strategy we have been consistently and profitably using
for years.
Going into today's session, last Friday's new
swing trade setup in iShares Poland Index ($ EPOL) remains an «official» buy setup with exactly the same
trade parameters (subscribers to our Wagner Daily ETF and stock pick newsletter should note our exact trigger, stop, and target prices
for this ETF
trade setup
on the Watchlist section above).
Based
on the winning technical analysis techniques of our system
for trading ETFs and stocks, today's
trading strategy video provides you with a few of the best ETFs to buy
for potential
swing trade entry in the coming days.
Recent
trading action may have been great
for daytraders who thrive
on intraday trends, but
for swing traders like ourselves, erratic price action from one day to the next has admittedly led to challenging
trading conditions
on either side of the market (click here
for a comparison of daytrading vs.
swing trading).
Based
on the technical analysis techniques of our proven
swing trading system
for stock and ETF
trading, today's
trading strategy video provides you with several of our best stock and ETF picks to buy today, or in the coming days,
for short - term
trading.
To receive the exact entry, stop, and target prices of our best stock and ETF picks, such as the ones discussed in this video, sign up
for your risk - free trial subscription of our
swing trading stock newsletter, The Wagner Daily (less than $ 2 per day based
on annual rate).
Instead of entering this
swing trade setup based purely
on anticipation of the pattern working, our technical
trading system mandates that we first wait
for price confirmation that indicates momentum has shifted back in favor of the bears.
To see how we easily and quickly find our top daily stock and ETF breakout setups
for swing trading, just press «play»
on the video below.
When we first explained the
trade setup
on September 24, we said our estimated holding time
for the
swing trade would be just 2 to 5 days because we were only looking
for a «very quick, momentum - based «pop» above the 200 - day MA.»
To receive the exact entry, stop, and target prices of our best stock and ETF picks, such as the ones discussed in this video, sign up
for your risk - free trial subscription of our
swing trading stock market
trading newsletter, The Wagner Daily (less than $ 2 per day based
on annual rate).
On the chart below, notice that the Select Sector Financial SPDR ETF ($ XLF), a highly
traded ETF proxy
for the overall financial sector, fell 3.3 % yesterday, while convincingly breaking below its prior
swing low, 50 - day moving average, and lower channel support of its bullish «pennant» in the process:
For our exact entry, stop, and target prices of the stocks discussed in the video (and more), become a subscriber of our
swing trading stock newsletter, The Wagner Daily (less than $ 2 per day based
on annual subscription).