04/12 – ETF Trading – USO, UCO

Good morning. Not a whole lot is flashing on my etf stock screener; however, I do have a suggestion for today.

Put USO on your watch list. Take an initial position should this etf close lower today. USO has closed lower for 4 days in a row, and looks ready for a rebound. For a leveraged trade, consider UCO.

USO – The investment objective of USO is for the changes in percentage terms of its units’ net asset value (“NAV”) to reflect the changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the changes in the price of the futures contract for light, sweet crude oil traded on the New York Mercantile Exchange (the “NYMEX”), less USO’s expenses.

UCO – The investment will seek to replicate, net of expenses, twice the daily performance of the Dow Jones UBS Crude Oil Sub-Index. The fund normally invests assets in financial instruments with economic characteristics twice the return of the index. It may employ leveraged investment techniques in seeking its investment objective.

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

Join me every day as I offer new etf trading ideas for you to follow.

Updated charts:

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Can’t make a trade? Let Warren Buffett manage your portfolio – AlphaClone

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