01/07 – ETF Trading – Why Trade ETFs?
No trades today. The broader market remains overbought – see the high RSI(2) value on the chart for SPY below. Some of the sector indices are starting to turn over. However, we’ll wait for a stock market pull-back to trigger our etf trading signals.
Why trade etfs? John Nyaradi, in an article at TradingMarkets.com, shares his 8 Reasons to Trade ETFs and what they can do for your stock trading portfolio. You won’t ever buy another mutual fund!
All of the etf trading strategies I use are found 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. Available now in either paperback or immediate download, get your copy today and be ready for the next trading session. Awarded a Top-10 Trading Book for 2009!
Updated chart for SPY:
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