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From today's issue of The Wagner Daily: Besides price, volume is the most important technical indicator there is. Ironically, volume also tends to be the one indicator that novice traders, and even experienced ones, often forget to pay attention to because they get too wrapped up in analyzing...

SFO = Stock Futures and Options Magazine www.sfomag.com

Hi Avalanche, We typically use ARCA for getting filled inbetween the spread and have pretty consistent success, although it may sometimes take a while to get filled at the price we desire. ARCA works the best because not only does the order go out to the order book, but it also routes to all...

FYI, I recently wrote two articles on the ETF trading methodology discussed in this thread in case anyone is interested in learning more about ETF trading with the HOLDRS. Several subscribers to this thread have formerly inquired about this. One article is in the March issue of Active Trader...

Thanks for the info. I will look at your charts and get back to you after the weekend. Deron

Well, not really a lot of guts because I was looking at a longer time frame, so I was willing to take a little pain if I needed to. Also, the credit spread greatly reduced the risk to step in and short as the Dow was rallying. A credit spread means that I collect a net premium by selling out...

Hi Banker, Yes, we shorted using options (bearish credit spread). I am looking at the upper channel resistance of the trendline the high of December 2, connecting the high of December 26. This also lines up with the 50-day MA, which is around 85.66. I often use options on the longer...

Looks like the DIA short is working out well. My post on November 26 predicted a top of just over 91 in DIA, which is where the rally stopped a few weeks later. If you are short, I would consider trailing a stop above the upper channel resistance on the daily chart. That could have...

Hi Banker, We just got stopped out of BBH today (although we lightened up on the position yesterday prior to hitting the stop). Let me see if I can answer your questions here: 1.) Would I consider waiting for a breakout from those levels before purchasing if I could do it all over again...

Out of all the ETFs we follow, one of the most notable technical events that occurred yesterday was that BBH (Biotechnology HOLDRS) finally rallied and closed above its 200-day moving average. The last time BBH traded above its 200-day MA was in March of this year. In addition, BBH has started...

If anyone who follows this ETF trading thread is interested, I will be presenting a FREE live mini-lesson entitled "The Power of Trailing Stops" on Monday, December 23 at 4:15 pm EST. The live lesson will be presented in our online ETF Real-Time Room and will consist of a 45 minute lesson...

Yeah, SPY bounced off the low of Dec. 13, forming a perfect double bottom. The problem is that it is now positioned to form a head and shoulders with the neckline being the low of today and Dec. 13, the head being the highs of Dec. 16 and 17, and the right shoulder being formed on any rally...

Hi Mir, Glad you like it. I will post articles on this site about once a week. Happy Holidays, Deron

Below is a reprint from our weekly newsletter regarding how we manage and allocate size for our ETF trading. It is unedited, so please disregard any reference to our services and just read the educational part of the article. One of the most important things I have learned in all my...

The combination of the 50-day MA, the 20-week MA, and the 0.382 Fibonacci retracement level all acted in concert to provide price support on the major indices yesterday that spurred a solidly uptrending day that began after the initial gap up and lasted all the way into the close. Even though we...

Below is commentary that was sent out to our subscribers before the market opened today. This is our opinion of the technical state of the three big ETFs we trade (SPY, DIA, and QQQ): Last week was one of the more challenging trading weeks we have seen in quite a while, primarily due to very...

We have been exclusively trading ETFs for the past six months and have to tell you that ETFs definitely follow support and resistance levels, as well as trendlines. In fact, one of the reasons my profitability has increased so much with ETFs is purely because they DO follow support and...

Try ETFs. They trend much better, have no uptick rule, are lower risk, less easily manipulated, and some of them are huge volume each day (QQQ, SPY, DIA). Check this link for more info. on ETFs: http://deronwagner.com/ETF.shtml Deron

While doing extensive ETF research last week, I came across some interesting charts of DIAMONDS (DIA), the tracking stock for the Dow Jones Industrial Average. As short-term traders, we rarely study charts of long-term, multi-year duration because we focus on trading short-term moves consisting...

While doing extensive ETF research last week, I came across some interesting charts of DIAMONDS (DIA), the tracking stock for the Dow Jones Industrial Average. As short-term traders, we rarely study charts of long-term, multi-year duration because we focus on trading short-term moves consisting...