02/16 – ETF Trading – No Trades Today

Good morning. My stock screener (stockfetcher.com) is telling me that we have no etf trading opportunities today. Markets are in transition. A stock market pull-back will trigger some new etf trading signals. An updated chart of SPY is posted below.

Once we enter an etf trade, we won’t always take just one trading position. There are times when we’ll scale in to the trade – sometimes up to 3 to 4 additional positions. And each position gets a bit larger than the previous position. Larry Connors has a great summary of these strategies which you can review – I think you’ll enjoy it.

For all of the etf trades here at ETF-Stock-Trading.com, we scale in with 3 positions. You can download the worksheet I use here.

Updated chart for SPY:

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