01/26 – ETF Trading – IWM, UWM

IWM closed higher yesterday, and above its 5 day moving average for a small gain of .67%. However, we’re waiting for the RSI(2) to close above 70 to trigger our etf exit. Updated charts are posted below.

To review, we have a long trade in IWM in progress. Our exit signals for the trade are triggered when the etf price is more than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is greater than 70.

For the leveraged trade in UWM, follow the trading signals for IWM.

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

Learn more about etf trading strategies in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have just a few simple rules and you’ll be able to back-test and apply the strategies to the next trading day. Get your copy today and be ready for the next trading session.

Updated charts:

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