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!

Disclaimer:The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

• 12/22 - ETF Trading - Gain on EWH A small gain on our EWH trade: our etf exit signals triggered yesterday with a positive close. We gained .80% on EWH We have made 33 winning trades out of 41 for the year. That’s a winning percentage of better than 80%. Our goal is to produce more winning trades......
• ETF Trading - AGG, TIP AGG and TIP look ready for a long entry point. Enter a long trade at the market close should AGG and/or TIP close lower today. AGG: The iShares Barclays Aggregate Bond Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the......
• 03/31 - ETF Trading - XLF, UYG 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 trading position in UYG should it......

• Tips for Investing Online The concept of doing your investing online through the use of an online web portal has truly revolutionized everything that financial trading is all about, especially in stock exchanges and in the FOREX market. Availability of resources like quick internet connectivity and portable laptop computers has made it even simpler......
• The Pros and Cons of Investing in ETFs In last decade, specialty ETFs (Exchange Traded Funds) are probably the hottest thing to hit Wall Street since the rise of the discount brokers in the mid 1990s. Initially, ETFs were not very popular because they only tracked the performance of a few stock market indices. However, in today's investing......
• Mock Stock Trading Doesn't Prepare You For The Real Thing Every so often, you will see a mock stock trading competition sponsored by a brokerage house, TV business program or financial magazine. The public is invited to select a mythical portfolio and the person that makes the most money over the allotted time wins money or some other prize. What......