Tag Archives for: Scott Pluschau

A Look Into The Trade Setup In The iShares Russell 2000 ETF (IWM)

Scott Pluschau: The iShares Russell 2000 ETF (NYSE:IWM) is forming what looks like a Head and Shoulders Pattern on the daily chart. The neckline which I drew with a blue trendline has to be broken down in order for the pattern to be in play. Why sell at $66 or $67 when you can sell at yesterday’s closing price
NYSE:IWM September 20, 2011 12:05pm

ETF Charts: A Closer Look At The Technology Select Sector SPDR ETF (XLK)

Scott Pluschau:  There is a classic technical analysis pattern looking at the Technology Select Sector SPDR ETF (NYSE:XLK). Since the beginning of year 2011 XLK has formed a “Bearish Triple Top” formation marked with blue ovals on the chart below. However, when the breakdown of the neckline
NASDAQ:QQQ September 15, 2011 11:21pm

A Potential Buying Opportunity In Gold? (GLD, GDX, GDXJ, IAU, DZZ)

Scott Pluschau:  The Daily Average True Range (ATR) in the gold futures has gone from the low $20’s in the beginning of August just over a month ago to greater than $50 today. Traders with tight stops are likely getting killed with this volatility. In my opinion any trades between $1750 and $1920
NYSE:DZZ September 9, 2011 4:09pm

ETF Charts: Trading The iShares 7-10 Year Treasury ETF (IEF)

Scott Pluschau:  The iShares 7-10 year Treasury ETF (NYSE:IEF) has been forming an immature balance area in the weekly time frame. Tuesday, September 6th, 2011, IEF gapped up to a new 52 week high and closed down on the day. I marked this with a grey oval on the Daily chart.
NYSE:IEF September 7, 2011 3:52pm

ETF In Focus: The PowerShares DB Agriculture ETF (DBA)

Scott Pluschau:  PowerShares DB Agriculture ETF (NYSE:DBA) is breaking out of a Bull Flag pattern on the weekly chart. The flag is a continuation pattern that resembles a flag when drawn with trendlines, and ideally should have diminishing volume in the flag after a sharp increase in price.
NYSE:DBA August 30, 2011 4:04pm

Buy, Sell, or Hold: Trading The Market Vectors Gold Miners ETF (GDX)

Scott Pluschau:  The Market Vectors Gold Miners ETF (NYSE:GDX) is now at the extremes of its mature balance area.
NYSE:GDX August 23, 2011 4:13pm

The PowerShares QQQ ETF Under The Microscope (QQQ)

Scott Pluschau:  PowerShares QQQ ETF (NASDAQ:QQQ) had a breakdown from a mature balance area in the daily time frame on increasing volume. Why was the selloff so sharp? Not because of the credit downgrade, but because of the tremendous amount of trade facilitation that took place in this
NASDAQ:QQQ August 16, 2011 3:53pm

Silver: There Is A Classic Trade Setting Up In The iShares Silver ETF (PSLV, SLV, AGQ, ZSL, DBS)

Scott Pluschau:  There is a classic trade set up in the iShares Silver exchange traded fund (NYSE:SLV). We had months of consolidation in silver and I have been sitting on the sidelines patiently avoiding random market behavior in this balance area. Two days ago there was a breakout,
NYSE:AGQ July 20, 2011 6:08pm

Trading The Dollar Index and It’s Ascending Triangle (UUP, UDN, GLD, SLV)

Scott Pluschau:  Let’s take a look at the Dollar Index symbol $USD on the weekly chart.  The current pattern that is shaping up is an Ascending Triangle.  An ascending triangle shows steady selling at a fixed price, forming the horizontal resistance level, while it also shows increasing demand with each
NYSE:UDN July 12, 2011 3:55pm

A Trade Setup In The CurrencyShares Euro ETF? (FXE)

Scott Pluschau:  Let’s take a look at a trade set up on CurrencyShares Euro ETF (NYSE:FXE). Back in early 2010 FXE had a few months of consolidation on the weekly chart, and the break down from this area resulted in a strong move downward. In 2010 there were two small consolidation areas
NYSE:FXE July 8, 2011 11:53am

A Trade Setup In The iShares MSCI Brazil Index ETF? (EWZ)

Scott Pluschau:  Let’s take a look at theiShares MSCI Brazil Index ETF (NYSE:EWZ) on the weekly chart.  Back in late 2008 and into early 2009 EWZ was in a consolidation pattern I marked with converging blue trend lines, and thus building steam for a strong move one way or the other. 
NYSE:EWZ July 7, 2011 8:50pm

Trading Strategies With The SPDR S&P 500 ETF (SPY, SDS, SH, SSO, IWM)

Scott Pluschau:  Let’s take a look at the daily chart of the S&P 500 exchange traded trust (NYSE:SPY) again. I had mentioned two days ago in my analysis that SPY was at a favorable trade location to go either long or short. This was going to be a two part series with the second part the short trade
NYSE:SPY July 1, 2011 1:32pm

Market Opportunity: A Great Trade Is Setting Up In The S&P 500 ETF (SPY, SDS, SH, SSO, TNA, TZA, IWM)

Scott Pluschau: Let’s look at SPY, the S&P 500 exchange traded trust (NYSE:SPY). I think we’re at a favorable trade location to go either long or short. How can that be? Because to me trading is not about prediction, it’s about the reward to risk ratio. Looking at a daily chart of SPY,
NYSE:SDS June 29, 2011 11:26am

ETF In Focus: A Technical Look At The iPath Grains ETN

Scott Pluschau:  Let’s take another look at the weekly chart of the iPath DJ-UBS Grains TR Sub-Idx ETN (NYSE:JJG).  In late 2009 through middle of 2010, JJG formed a triangle that resembled more of a bullish rising wedge pattern that I marked with blue trend lines now looking back at it again
NYSE:JJG June 16, 2011 4:23pm

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