06/17 – ETF Trading – USO, SCO, FXI, FXP

USO closed higher yesterday, enough to trigger taking our third and final short position. You may have also taken the trade in SCO.

FXI closed a bit higher yesterday. We already have a full trading position in FXI and/or FXP.

So, we’ll just wait for our etf exit signals to trigger. Our exit signals are triggered when the closing price for USO or FXI is lower than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30. You’ll exit the leveraged trades on these signals.

All etf trades are at the market close. Please trade responsibly.

I’ll be off tomorrow. We’ll check on our trades on Monday. Have a great weekend!

Learn more about etf trading strategies 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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