06/07 – ETF Trading – Gains on USO, SCO

Nice gains on the short oil trade – another winning trade. Our etf exit signals triggered for USO and SCO. We gained 4.75% shorting USO and we gained 9.40% on SCO – all in a 5 day trade!

All trades were at the market close. Updated charts are posted below.

The etf trading strategy used in this trade was the RSI 90/94 Strategy found in the book by Larry Connors: High Probability ETF Trading.

I have no etf trading opportunities to suggest for today. The broader market is over-sold but below its 200 day moving average – a stock market rebound will trigger some new short etf trading signals.

FREE Report: Get the most popular chapter of Larry Connors’ best selling book: High Probability ETF Trading – Chapter 8: An Introduction to TPS – Time, Price, Scale-in. Learn one of the best performing ETF trading strategies available and also used here at ETF-Stock-Trading.com.

Updated charts:

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.

—–

Don’t forget about Father’s Day…

• 02/24 - ETF Trading - QQQQ, QLD QQQQ closed lower yesterday and you took your first long position in the etf trade. An updated chart is posted below. As we discussed yesterday, we'll scale in with up to three 3 positions. So, take a second trading position should QQQQ close lower today. Otherwise, our exit signals are......
• 03/08 - ETF Trading - No Trades Today Good morning. You've come to the right place - only the format has been changed! The broader market remains over-bought. Notice the high RSI(2) reading for SPY - see the updated chart below. We'll wait for another stock market sell-off to trigger some new etf trading signals. What are the......
• 01/07 - ETF Trading - Why Trade ETFs? No trades today. The broader market remains overbought - see the high RSI(2) value on the chart for SPY below. Some of the sector indices are starting to turn over. However, we'll wait for a stock market pull-back to trigger our etf trading signals. Why trade etfs? John Nyaradi, in......

• Are You Investing or Gambling? This post was written by Derek.  What are your current views on investing? Do you consider yourself to be a conservative investor or somewhat of a risk-taker? Do you track your investments often or do you visit your investments once a year with your broker? What is it that......
• If Youd Like To Make Major Foreign Exchange Gains, There Is No More Effective Method To Do So When Compared With To Have A Solution And With This Document, We Will Describe Precisely How And The Reason Why The Method Works And The Way You Can Make Use Of It, To Generate Massive Profits. Along with automatic Currency trading, you will purchase distinctive Currency trading software and insert the item onto your desktop. Foreign traders or visitors who want to buy and sell within a certain region are requested to transform their region currency exchange into typically the foreign currency of the state they......
• No Investment Strategy Will Perfectly Align with Your Goals I read two recent articles from Registered Rep Magazine that reminded me that regardless of how well you plan, and strategize there is no perfect investment strategy.  It doesn’t matter if your investment goal is to mitigate taxes, or if the goal is to invest in all indexes because over......