01/03 – Happy New Year – IWM, UWM

Happy New Year! I hope you had a great holiday season. Let’s get back to etf trading.

Put IWM on your watch list today. Consider taking the first of possibly 2 long positions should the etf close lower today.

For a leveraged trade, consider UWM. Follow the etf trading signals for IWM to trade UWM. UWM is a double etf – please trade carefully.

IWM – The iShares Russell 2000 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the small capitalization sector of the U.S. equity market as represented by the Russell 2000 Index. The index represents the approximately 2,000 smallest companies in the Russell 3000 Index.

UWM – ProShares Ultra Russell 2000 seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the Russell 2000® Index.

We may take up to 2 trading positions over the next couple of days. Our first position is 1/3 of our total trading amount. Our second position is 2/3 of our total trading amount. All trades are at the market close. Please trade responsibly.

Assuming we get into the trade, our exit signals for IWM are triggered when the closing price for IWM is higher than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is greater than 70. Trade UWM on the signals for IWM.

Learn why the Russell 2000 index is now a good etf trading opportunity in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have only a few rules and you’ll be able to back-test and apply the strategies to the next trading day. With easy to follow trading strategies, clear explanations, and years of tested results, there is no better place to start finding new trading edges than in High Probability ETF Trading. Get your copy today and be ready for the next trading session.

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