02/23 – ETF Trading – No Trades Today

Good morning. The broader market remains overbought (see the updated chart for SPY below). As such, I have no etf trading suggestions for today. A stock market pull-back will trigger some new etf trading signals.

Once we take 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 here.

At ETF-Stock-Trading.com, we scale in with 3 positions. You can download the worksheet I use here.

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