06/22 – ETF Trading – USO, SCO, FXI, FXP

We have a full short trading position in USO and/or FXI. If you’re trading the inverse etfs, you have a full trading position in SCO and/or FXP.

FXI closed higher yesterday, while USO closed slightly lower.

So now we’re just waiting 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. We’re using the latter signal. You’ll exit the leveraged trades on these signals as well.

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

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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