Energy Sector Getting Top Heavy Here

Energy Sector Getting Top Heavy Here

  There is no doubt that the tape is feeling heavier since last week's sell-off.    One of the sectors that is feeling particularly heavy is the energy sector.  I always feel that partticularly for ETFs that nowadays get thrown around as if...
Technology Sector (XLB) Almost At New Highs

Technology Sector (XLB) Almost At New Highs

If you measure the technology sector by the popular SPDR  ETF called the XLB, the sector is not only 25 cents away from new 2011 highs, but also from fresh 3.5 year highs.  From a technical analysis perspective the inverted head and shoulders pattern (see...
Are Semiconductors About To Take-Off?

Are Semiconductors About To Take-Off?

Last week I wrote about the nice short setup in semiconductors, with a clearly defined risk stop at an important level.  Let's look at the chart of the SMH (Semiconductor Holders Trust) ETF:  When SMH found resistance at the 50 day moving average (yellow...

Free! Get Details On My Trading Strategies

  When you sign up for the Free Weekly Newsletter you also receive the Trading Plan Preview PDF for Free: 21 Pages packed with details of my Trade Setups, Systems, and Methodologies! For more details visit: http://steadytrader.wpengine.com/newsletter/...