04/26 – ETF Trading – No Trades Today

No trades for today. The stock market certainly remains overbought, even with a lower close yesterday (see the chart of SPY I’ve posted – the RSI 2 remains over 70). We’ll patiently wait for a market sell-off to trigger our entry signals.

In the meantime, get a quick review and lesson on how to become a high probability trader in this article by Larry Connors. In it, he talks about his TPS trading strategy. TPS stands for Time, Price and Scale. TPS has been the backbone of our ETF trading.

Get all the details of TPS trading and other etf trading strategies in the book by Larry Connors: High Probability ETF Trading. His TPS trading strategy has only a few rules and you’ll be able to back-test and apply the strategy to the next trading day. Take your ETF trading to the next level in High Probability ETF Trading. This new strategy book, complete with exact trading rules, is backed by over a decade of statistical results, including our own!

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

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