04/27 – ETF Trading – EWH, XLF, UYG

EWH closed higher yesterday. As such, you did not take the third trading position in the etf trade.

Our etf trading strategy is to scale in with up to three 3 trading positions, but we’ll wait for the market to present the trading opportunities. Take a third trading position today should EWH close lower than 16.21. 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.

Put XLF on your watch list today. Should it move lower today, take your first etf trading position at the market close. We may take up to 3 trading positions over the next several days.

For a leveraged trade, consider UYG. Take your first long position in UYG should it move lower today. We’ll be using XLF as the signal bearer.

XLF – The Financial Select Sector SPDR® Fund, before expenses, seeks to closely match the returns and characteristics of the Financial Select Sector Index.

UYG – ProShares Ultra Financials seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the Dow Jones U.S. Financials IndexSM.

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

Get up-to-date with all of the etf trading strategies in the book by Larry Connors: High Probability ETF Trading. With easy to follow etf trading strategies, clear explanations, and years of tested results, there is no better place to start finding new trading edges than in High Probability ETF Trading. Get your copy today and be ready for the next trading session.

Updated charts:

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