01/06 – ETF Trading – SLV, AGQ

SLV closed lower yesterday and you took your first long position in the etf trade. An updated chart is posted below.

As we discussed yesterday, we’ll scale in with up to three 3 positions. So, take a second trading position should SLV close lower today. Otherwise, our exit signals for SLV are triggered when the etf price is greater than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is greater than 70. We’ll use the latter.

For the leveraged trade in AGQ, follow the trading signals for SLV.

All trades are at the market close. Please trade responsibly.

Join me every day as I offer new etf trading ideas for you to follow.

Updated charts:

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