04/28 – ETF Trading – EWH, XLF, UYG, SPY, SSO

With yesterday’s market sell-off, we now have 3 trading positions in EWH and our first trading positions in XLF and/or UYG.

For EWH, we’ll just wait for our etf exit signals to trigger. Our exit signals are triggered when the etf price is greater than its MA(5), or – for a potentially larger gain – when the RSI(2) is greater than 70.

Scale into a second position should XLF and/or UYG move lower today. Or, exit the trade at the market close when the etf price is greater than its MA(5), or – for a potentially larger gain – when the RSI(2) is greater than 70.

Updated charts are posted below. All trades are at the market close. Please trade responsibly.

Put SPY on your etf watch list today. Take an initial trading position should SPY close lower today. For a leveraged trade, consider SSO.

SPY – The investment seeks to correspond generally to the price and yield performance, before fees and expenses, of the S&P 500 Index.

SSO – The investment seeks daily investment results, before fees and expenses, which correspond to twice the daily performance of the S&P 500 index.

Have questions about the signals? Learn all the etf trading signals in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have only a few rules and you’ll be able to back-test and apply the strategies to the next trading day. With easy to follow signals, clear explanations, and years of tested results, there is no better place to start finding new trading edges than in High Probability ETF Trading.

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

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