06/10 – ETF Trading – USO, SCO, FXI, FXP

We have some etf shorting opportunities today. Consider taking the first short position in USO and/or FXI should these etfs close higher today.

If you’re unable to short either etf, consider using the inverse etfs – SCO and FXP. However, follow the etf trading signals for USO and FXI. These are double inverse etfs – please trade carefully.

USO – The United States Oil Fund, LP (“USO”) is a domestic exchange traded security designed to track the movements of light, sweet crude oil (“West Texas Intermediate”).

SCO – ProShares UltraShort DJ-UBS Crude Oil seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of The Dow Jones—UBS Crude Oil Sub-IndexSM.

FXI – The iShares FTSE/Xinhua China 25 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE/Xinhua China 25 Index.

FXP – ProShares UltraShort FTSE/Xinhua China 25 seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the FTSE/Xinhua China 25 Index.

We may take up to 3 trading positions over the next several days. All trades are at the market close. Please trade responsibly.

This etf trading strategy is the TPS Strategy found in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have just a few simple rules and you’ll be able to back-test and apply the strategies to the next trading day. Get your copy today and be ready for the next trading session.

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