02/17 – ETF Trading – No Trades Today

The broader market is working itself toward an overbought condition – see the high RSI(2) value on the chart for SPY. We’ll wait for a stock market pull-back to trigger our etf trading signals. No need to jump into the stock market when the probability for trading success is not in our favor.

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 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.

Updated chart for SPY:

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