05/27 – ETF Trading – IWM, UWM

Ok – let’s try this again. Stock futures and world markets are moving higher this morning. Perhaps we’ll be able to take our etf trading gains today.

IWM closed slightly higher yesterday, but not enough to trigger our exit signals; ditto for the leveraged etf trade in UWM. 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.

Our etf trading strategy has been 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 IWM close lower than 64.12; the same for UWM at 29.37.

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

All of the signals and strategies I use for etf trading are found 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 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.

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Let the world’s top fund managers guide you in this market – AlphaClone

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