05/02 – ETF Trading – FXI, XPP

FXI closed lower by a penney on Friday and you took your first long position in the etf trade. An updated chart is posted below.

As we discussed on Friday, we’ll scale in with up to three 3 positions. So, take a second trading position should FXI close lower today.

Otherwise, our exit signals for FXI are triggered when the etf price is greater than it’s 5 day moving average, or – for a potentially larger gain – when the RSI 2 is greater than 70. We’ll use the latter.

For the leveraged trade in XPP, follow the trading signals for FXI.

All 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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