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Just wanted to share some ETF analysis that we published in this morning's newsletter. Particularly, I found it interesting that each subsequent test of the 50-day MA is occurring quicker and quicker. Here is the text. . . We mentioned in the beginning of last week that the major indices...

No, I do not have specific rules for trading ETFs going into earnings reports. However, I use quite a bit of discretion and common sense. In general, I make sure I know what percentage of each ETF that a particular stock is weighted. For example, I know that the heaviest weighted stocks...

I was short QQQ overnight and decided to cover 1/2 my position size after hours when I saw the Naz futures drop to 1354, based on support of the 50-day MA. I figured it was a gift to make 65 cents profit on the Qs after-hours, so I wanted to lock in some gains. However, it could slide lower in...

Hey John, Whose post are you referring to? What was the topic? Am I missing something here? Deron

Well, the PPH trade we entered for swing long was stopped out today for a 72 cent loss due to sharp opening gap down below support. We had an unrealized gain of more than one point yesterday, but we were using a looser stop since we were focused on a 3 - 4 point gain. Sometimes we will be...

Ha! You're absolutely correct and I apologize for the mistake. It's simple math, but I never thought about it, nor have I noticed it on any other charts because it is rare that I find an index that lines up with the 50-month/200-week MA. Thanks for the compliment and feel free to correct...

We have raised our PPH stop up to 73.90, ten cents below yesterday's entry price. Drug stocks showing relative strength, which should push PPH along. PFE breaking a downtrend that has been in place since June, and JNJ poised to do the same. Just need PPH to break through its 20 and 50-day...

Just wanted to let you know we have entered a long position in PPH, which is the ETF for the Pharmaceuticals. We bought today at 74.00 and have a stop at 73.45. Our target is around the 76.90 area, just below the high of October 3. We have been stalking PPH for an entry during the past...

Quite possible. I meant to offer no opinion on this, but rather to just point out the convergence, which I found interesting because it was on two longer time frame charts. Just presenting the facts.

Have you looked at any weekly or monthly charts of the major broad-based ETFs lately? While the daily charts provide you with a relatively short-term view of what is happening in the markets, the weekly and monthly charts provide you with a "big picture" that helps you keep things in...

Dalegrief, When I began my trading career about 6 years ago, I mistakenly focused most of my energy and attention on chart patterns, support/resistance, trendlines, etc., but rarely paid much attention to broad market volume changes from one day to the next. Although it took me several years...

I was very happy to see the introduction of ONEQ because, unlike other ETFs that are traded on the AMEX, it is traded on the Nasdaq. Therefore, getting in and out of it is much quicker than other ETFs we trade. It's also great that, despite being priced in the $70 range, the spread is...

Hi Dale, Sure, no problem. I will do that this weekend when I get a little more time.

This is likely to become very popular because the diversity of it offers a theoretically lower risk than trading QQQ, which only tracks 100 stocks. Also, the fact that ONEQ is traded on the Nasdaq instead of AMEX is likely to attract former QQQ traders. Should become a very popular vehicle!

Thanks specul8r, Peter and I will try to post at least one or two ETF charts per week, as we are able. Deron

I think the min. avg. daily volume largely depends on the position size you are taking and whether or not you are trading a stock or an ETF. If trading an ETF, average daily volume is irrelevant because the bid/ask spread will move with the underlying prices of the stocks, even if not a single...

I go every year and usually speak there, but will be just checking out the vendors this time.

As the founder of this thread, I have left it dormant for a while, but will once again be actively posting technical analysis and charts of the various exchange traded funds. Obviously, all comments are welcome and we will reply in the thread. We began building a small short position in DIA...

I just wanted to share some ideas on trading narrow-range consolidations, such as the one we have been seeing for the past month. Some of these ideas are basic, but will still serve as good reminders for experienced traders. If you are a new trader, maybe you will get some new ideas. This...

Hey Brandon, Nice to "hear" from you. Glad to see you are taking a vacation...you deserve it! Deron