04/20 – ETF Trading – IYR, URE, EWH

The broader market rebounded yesterday. As such, our entry signals for SPY and SSO did not trigger.

However, we still have our first trading position in IYR and/or URE from Friday. IYR closed higher but not enough to trigger our exit signals – ditto for 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 – lower than our initial entry price on Friday. 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.

Not all etfs rebounded yesterday. Trading signals are still flashing for many etfs. Put EWH on your etf watch list. Take an initial position should this etf close lower today.

EWH – The iShares MSCI Hong Kong Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Hong Kong market, as measured by the MSCI Hong Kong Index.

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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