04/19 – ETF Trading – IYR, URE, SPY, SSO

Strong selling on Friday. IYR closed lower on Friday and you took your first position in the etf trade. For the leveraged etf trade, you took your first position in URE. Updated charts are posted below.

We’ll scale in with up to three 3 positions. So, take a second trading position should IYR close lower today – the same for URE. Otherwise, our exit signals are triggered when the etf price is greater than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is greater than 70.

With all the strong selling on Friday, etf trading signals triggered for many etfs. Put SPY on your etf watch list. Take an initial position should this etf close lower today. For a leveraged trade, consider SSO.

SPY – The SPDR® S&P 500® ETF is a fund that, before expenses, generally corresponds to the price and yield performance of the S&P 500 Index.

SSO – ProShares Ultra S&P500 seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the S&P 500® Index.

All 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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