2/16 Swing Map

Here's the status of exchange-traded funds I'm following for short-term positions using the Taylor Trading Technique.

Key: Symbol (implied volume) ->[swing] high | low $objective ~estimated_date (current_price); where -> means "looking for", [] means optional, | means "or",  and ~ means "approximately".

• EEM (38) ->low $37.51 ~2/16 ($38.44)
• FXI (37) ->low $38.16 ~2/17 ($38.91)
• OIH (37) ->low $115.61 ~2/16 ($119.23)
• SLV (36) ->low $14.80 ~2/16 ($15.24)
• SPY (24) ->low $106.11 ~2/16 ($108.04
• XHB (34) ->high $15.58 ~2/12 ($15.88): Overdue by a day.

The way to translate this into words is as follows, using EEM  for the example:

"I'm looking for a swing low in EEM, which has a volatility of 0.38. The objective (or target) is $37.51 and I expect it to be attained approximately on Feb. 16. The shares last traded at $38.44."

Swing holdings: None.

See my essay "Swing Trading" for trading rules and a reading list.

I expect to post a note like this daily after the close.

Swing: XHB

I'm looking to go short XHB as soon as it hooks down from a swing high. The  swing low was Feb. 5 at $14.60 with an objective of $15.58.

XHB for much of the day looked as though it were making a swing high above the objective.
 
It traded sideways from about 10:20 a.m. Eastern, swinging between $15.85 and $15.70, twice touching a high of $15.86.

However, in the last 10 minutes of trading it pushed above that high, and began to use $15.86 as support rather than resistance.

So I conclude that the upswing is still in force, and I'm not going short today. I'll wait and see what the morrow brings.

My earlier postings on this swing-trading series:

• Swing Trading
• Swing Spreadsheet 

Swing Spreadsheet

Here's a spreadsheet of the potential swing trades I'm tracking (see my earlier post today).

XHB is the active issue. I'm looking for a new swing high so I can enter short.

The last two lines in the sheet show how far the objective is from the swing high or low.