Trading ETFs: gaining an edge with technical analysis
"This book will teach the reader a detailed system of how to profit from the various types of exchange-traded funds (ETFs) through a unique strategy of technical analysis designed to compare relative strength using a top-down approach. It focuses on the opportunities in the lesser-known industr...
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York, NY
Bloomberg
2008
|
| Edition: | 1. ed. |
| Series: | Bloomberg market essentials: technical analysis
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Summary: | "This book will teach the reader a detailed system of how to profit from the various types of exchange-traded funds (ETFs) through a unique strategy of technical analysis designed to compare relative strength using a top-down approach. It focuses on the opportunities in the lesser-known industry sector ETFs, as well as international, commodity, and currency ETFs"--Provided by publisher. |
| Physical Description: | XX, 233 S. graph. Darst. |
| ISBN: | 9781576603055 1576603059 |
Staff View
MARC
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| 490 | 0 | |a Bloomberg market essentials: technical analysis | |
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Record in the Search Index
| _version_ | 1804139235238739968 |
|---|---|
| adam_text | Contents
Foreword xvii
Acknowledgments xix
Part One
ETF Overview and Selection
1 WHY USE TECHNICAL ANALYSIS WITH ETFs? 3
2 MAJOR TYPES AND FAMILIES OF ETFs 13
Part Two
ETF Selection Through Technical Analysis
3 THE TOP-DOWN STRATEGY 29
4 FINDING INDEXES WITH THE MOST RELATIVE STRENGTH 39
5 SELECTING THE BEST ETFs 57
6 SUPPLEMENTING THE BASICS 75
Part Three
Timing Your Entries and Exits
7 STRATEGIES FOR ENTRY 97
8 STRATEGIES FOR EXIT 111
9 TEN ETFs BOUGHT LONG 127
10 TEN ETFs SOLD SHORT 159
Part Four
Fine-Tuning Your Strategy
11 TAILORING YOUR APPROACH 191
12 ADDITIONAL POINTERS 205
Afterword 223
Suggested Reading 227
Index 229
List of Illustrations
Figure 1.1 S P 500 SPDR (SPY) Monthly Volume Chart
from 1993 to 2006 6
Figure 1.2 Annual Growth in Number of ETFs Since 1993 7
Figure 1.3 Total Combined Asset Growth of ETFs Since 1993 8
Figure 1.4 Composition of PowerShares Dynamic
Semiconductors Fund (PSI) 10
Figure 2.1 Monthly Trading Volume of the Oil Services
HOLDR (OIH), 2002 to 2007 15
Figure 3.1 Top-Down System of Selecting ETFs 31
Figure 3.2 Daily Chart of S P 500 in an Uptrend: Two
Higher Highs and Two Higher Lows 33
Figure 3.3 Daily Chart of Nasdaq Composite in a Downtrend:
Two Lower Highs and Two Lower Lows 34
Figure 3.4 Daily Chart of the Dow in a Failed Uptrend:
Two Higher Highs and Only One Higher Low 35
Figure 3.5 Major Index, Trendlines, and Late MA Confirmation 37
Figure 4.1 Percentage-Change Chart 42
Figure 4.2 Example of Industry Sector Watch List 45
Figure 4.3 S P 500 ($SPX) Versus Amex Biotech Index ($BTK),
Week Ending September 7, 2007 49
Figure 4.4 S P 500 ($SPX) Versus Philadelphia Semiconductor
Index ($SOX), June 13-July 10, 2006 50
Figure 4.5 Hourly Percentage-Change Chart, Currency
Shares Euro Trust (FXE) Versus S P 500 (SSPX) 53
Figure 4.6 Pharmaceutical Index ($DRG) Versus the S P 500 (SSPX) 54
Figure 4.7 Dow Jones Utility Average ($DJUA) Versus
S P 500 ($SPX), April 2004-October 2005 56
Figure 5.1 Biotech ETFs Percentage-Change Chart 58
Figure 5.2 Composition of Semiconductor HOLDR (SMH) 61
Figure 5.3 Biotech Index ($BTK), April 12, 2007 62
Figure 5.4 First Trust Amex Biotech Index (FBT), April 12, 2007 64
Figure 5.5 Biotech HOLDR (BBH) Lagging Behind 65
XI
TRADINGETFs
Figure 5.6 Nasdaq Total Market Volume and Moving Averages 70
Figure 5.7 S P 500 E-Mini Futures, February 2003 71
Figure 5.8 Intraday Volume Comparison of Total NYSE Volume 72
Figure 6.1 Head-and-Shoulders Pattern (Bearish) 78
Figure 6.2 Failed Head-and-Shoulders Pattern 80
Figure 6.3 Inverse Head-and-Shoulders Pattern (Bullish) 81
Figure 6.4 S P 500 SPDR (SPY) H S, July-September 2002 82
Figure 6.5 S P 500 SPDR (SPY) Complete Follow-Through,
July-October 2002 83
Figure 6.6 iShares Russell 2000 Index (IWM) H S,
September-November 2007 84
Figure 6.7 iShares Russell 2000 (IWM) Daily Chart 85
Figure 6.8 Semiconductor Index ($SOX) Weekly Chart 86
Figure 6.9 UltraShort MidCap 400 (MZZ) Daily Chart,
Breakout Above 200-Day MA in August 2007 87
Figure 6.10 Fidelity Nasdaq Composite Index (ONEQJ Daily
Chart, Bounce Off 200-Day MA in August 2007 88
Figure 6.11 iShares FTSE-Xinhua China 25 (FXI) Daily Chart 90
Figure 6.12 iPath Barclays MSCI India Total Return Index (INP)
Daily Chart 91
Figure 6.13 Dow Diamonds (DIA) Daily Chart, March-October 2002 93
Figure 7.1 ETF Breaking Out to a New High 99
Figure 7.2 ETF Breaking Out Above Downtrend Line with
Test of Support 101
Figure 7.3 Pullback Entry to 20-Day MA with Confirmation
of Trend Resumption 104
Figure 7.4 ETF Correction by Price 105
Figure 7.5 ETF Correction by Time, May 2006 106
Figure 8.1 Failed Breakout on iShares Russell 2000 Index (IWM)
Daily Chart, Followed by Swift Selling 116
Figure 8.2 UltraShort S P 500 ProShares (SDS) 2-Minute Chart,
September 18, 2007 119
Figure 8.3 Hourly Chart of Trending ETF Hitting Its Stop
After Breaking Trendline 121
Figure 8.4 Parabolic Move of an ETF Followed by Swift
Reversal Lower 122
Figure 8.5 Intraday Chart of a Short Sale in Dow Diamonds (DIA) 124
LIST OF ILLUSTRATIONS
Figure 8.6 Daily Chart of Oil Services HOLDR (OIH) Trending
Lower and Then Hitting a Trailing Stop 125
Figure 9.1 iShares FTSE/Xinhua China 25 Index (FXI) Entry,
July 14,2005 128
Figure 9.2 iShares FTSE/Xinhua China 25 Fund (FXI) Exit 129
Figure 9.3 Daily Chart of Oil Services HOLDR (OIH) 131
Figure 9.4 Oil Services HOLDR (OIH) Exit, September 24, 2007 132
Figure 9.5 StreetTRACKS Gold Trust (GLD) Bounce Off Weekly
Trendline Support 134
Figure 9.6 StreetTRACKS Gold Trust (GLD) Resistance of the Daily
Downtrend Line 135
Figure 9.7 StreetTRACKS Gold Trust (GLD) Exit, July 6, 2006 136
Figure 9.8 PowerShares WilderHill Clean Energy Fund (PBW)
on Day of Entry, September 18, 2007 138
Figure 9.9 PowerShares WilderHill Clean Energy
Fund (PBW) Daily Price Action 139
Figure 9.10 Semiconductor HOLDR (SMH) Weekly Chart 140
Figure 9.11 Semiconductor HOLDR (SMH) Entry, February 7, 2005 142
Figure 9.12 Semiconductor HOLDR (SMH) Exit, February 28, 2005 143
Figure 9.13 iShares Nasdaq Biotech (IBB) Weekly Chart,
August 31, 2007 144
Figure 9.14 iShares Nasdaq Biotech (IBB) Entry, August 31, 2007 145
Figure 9.15 iShares Nasdaq Biotech (IBB) Exit Points,
September 13 and 26, 2007 146
Figure 9.16 Setup of iShares Silver Trust (SLV) Daily Chart
Prior to July 12 Entry 148
Figure 9.17 Setup of iShares Silver Trust (SLV) Intraday
Chart with Entries and Exits 149
Figure 9.18 Russell 2000 Index Daily Chart, August 8, 2007 151
Figure 9.19 Short Russell 2000 ProShares (RWM) Entry- and Exit 152
Figure 9.20 Pharmaceutical HOLDR (PPH) Entry,
September 13, 2005 153
Figure 9.21 Pharmaceutical HOLDR (PPH) Exit, September 2005 154
Figure 9.22 S P Homebuilders SPDR (XHB) Daily Chart,
September 12, 2007 155
Figure 9.23 S P Homebuilders SPDR (XHB) Entry,
September 13, 2007 156
TRADING ETFs
Figure 9.24 S P Homebuilders SPDR (XHB) Exit, October 10, 2007 157
Figure 10.1 Regional Bank HOLDR (RKH) Weekly Breakdown 161
Figure 10.2 Regional Bank HOLDR (RKH) Entry, July 18, 2007 162
Figure 10.3 PHLX Oil Service Sector Index ($OSX) Head and
Shoulders, February 3, 2006 163
Figure 10.4 Crude Oil Lower High 164
Figure 10.5 Oil Services HOLDR (OIH) Entries and Exits 165
Figure 10.6 iShares Russell 2000 Index (IWM) 167
Figure 10.7 S P MidCap 400 SPDR (MDY) 168
Figure 10.8 S P MidCap 400 SPDR (MDY) Entries and Exits 169
Figure 10.9 Retail HOLDR (RTH) Short Entry, October 25, 2004 171
Figure 10.10 Retail HOLDR (RTH) Stopout, October 27, 2007 172
Figure 10.11 Biotechnology HOLDR (BBH) Short Entry, April 3, 2006 173
Figure 10.12 Biotechnology HOLDR (BBH) Exit Prices, April 6
and 11,2006 174
Figure 10.13 Daily Chart of S P Metals and Mining SPDR (XME)
Breakdown, June 11, 2007 176
Figure 10.14 S P Metals and Mining SPDR (XME) Exit Prices,
June 26 and 27, 2007 177
Figure 10.15 Dow Diamonds (DIA) Exit and Entry Prices 178
Figure 10.16 iShares Russell 2000 Index (IWM) Entry, March 16, 2005 180
Figure 10.17 iShares Russell 2000 Index (IWM) Entry Daily Chart 181
Figure 10.18 Oil Services HOLDR (OIH) Daily Chart, August 14, 2007 183
Figure 10.19 Oil Services HOLDR (OIH) Daily Chart, August 16, 2007 184
Figure 10.20 iShares FTSE/Xinhua China 25 Index (FXI) Entry,
February 25, 2007 185
Figure 10.21 iShares FTSE/Xinhua China 25 Index (FXI) Daily Chart 186
Figure 11.1 Main Industry Sector Market Minder 198
Figure 11.2 Semiconductor Index ($SOX) Consolidation at High,
June 21, 2007 202
Figure 11.3 Relative Strength Comparison 203
Figure 11.4 Semiconductor HOLDR (SMH) Entry, June 21, 2007 204
Figure 12.1 Retail HOLDR (RTH) —Typical Losing Trade,
January 2003 206
Figure 12.2 Semiconductor HOLDR (SMH) Daily Chart,
July-October 2007 209
LIST OF ILLUSTRATIONS
Figure 12.3 S P 500 SPDR (SPY) 5-Minute Intraday Chart,
June 26, 2007
Figure 12.4 iShares iBoxx Investment Grade Corporate
Bond Fund (LQD) Daily Chart
Figure 12.5 Oil Services HOLDR (OIH) Daily Chart,
October 31, 2006
Figure 12.6 Nasdaq-100 Index Tracking Stock (QQQQ)
60-Minute Intraday Chart, June 20, 2007
Table 2.1 iShares First Group of Fixed-Income ETFs
Table 6.1 Typical Inverse Correlations
Table 9.1 FXI Trade Results
Table 9.2 OIH Trade Results
Table 9.3 GLD Trade Results
Table 9.4 PBW Trade Results
Table 9.5 SMH Trade Results
Table 9.6 IBB Trade Results
Table 9.7 SLV Trade Results
Table 9.8 RWM Trade Results
Table 9.9 PPH Trade Results
Table 9.10 XHB Trade Results
Table 10.1 RKH Trade Results
Table 10.2 OIH Trade Results
Table 10.3 MDY Trade Results
Table 10.4 RTH Trade Results
Table 10.5 BBH Trade Results
Table 10.6 XME Trade Results
Table 10.7 DIA Trade Results
Table 10.8 IWM Trade Results
Table 10.9 OIH Trade Results
Table 10.10 FXI Trade Results
Table 11.1 $SOX Versus $SPX Intraday Trade, June 21, 2007
216
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|
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| id | DE-604.BV035578440 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T21:40:51Z |
| institution | BVB |
| isbn | 9781576603055 1576603059 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-017633899 |
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| owner_facet | DE-945 |
| physical | XX, 233 S. graph. Darst. |
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| publishDateSearch | 2008 |
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| publisher | Bloomberg |
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| series2 | Bloomberg market essentials: technical analysis |
| spelling | Wagner, Deron Verfasser aut Trading ETFs gaining an edge with technical analysis Deron Wagner 1. ed. New York, NY Bloomberg 2008 XX, 233 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Bloomberg market essentials: technical analysis "This book will teach the reader a detailed system of how to profit from the various types of exchange-traded funds (ETFs) through a unique strategy of technical analysis designed to compare relative strength using a top-down approach. It focuses on the opportunities in the lesser-known industry sector ETFs, as well as international, commodity, and currency ETFs"--Provided by publisher. Exchange traded funds Kapitalanlage Devisenhandel Markttechnische Analyse HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017633899&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Wagner, Deron Trading ETFs gaining an edge with technical analysis Exchange traded funds |
| title | Trading ETFs gaining an edge with technical analysis |
| title_auth | Trading ETFs gaining an edge with technical analysis |
| title_exact_search | Trading ETFs gaining an edge with technical analysis |
| title_full | Trading ETFs gaining an edge with technical analysis Deron Wagner |
| title_fullStr | Trading ETFs gaining an edge with technical analysis Deron Wagner |
| title_full_unstemmed | Trading ETFs gaining an edge with technical analysis Deron Wagner |
| title_short | Trading ETFs |
| title_sort | trading etfs gaining an edge with technical analysis |
| title_sub | gaining an edge with technical analysis |
| topic | Exchange traded funds |
| topic_facet | Exchange traded funds |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017633899&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT wagnerderon tradingetfsgaininganedgewithtechnicalanalysis |