06/30 – ETF Trading – No Trades Today

That was some sell-off yesterday. The broader market is definitely oversold (see the updated chart for SPY below – notice the low RSI(2) reading). And since the broader market is below its 200 day moving average, we’ll patiently wait for a stock market rebound to trigger some new etf trading signals.

Once we take an etf trade, we won’t always take just one trading position. There are times when we’ll scale in to the trade – sometimes with up to 3 to 4 additional positions. And each position gets a bit larger than the previous position. Larry Connors has a great summary of these strategies. The strategies also work in bear markets.

Discover many more variations of position scaling, along with other etf trading strategies, in the book by Larry Connors – now in paperback: High Probability ETF Trading. Get your copy today.

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.

—–

Can’t make a trade? Let Warren Buffett manage your portfolio – AlphaClone

• 07/01 - ETF Trading - No Trades Today Late-day selling pushed the market lower yesterday. The broader market remains oversold (see the updated chart for SPY below - notice the low RSI(2) reading). And since the broader market is below its 200 day moving average, we'll patiently wait for a stock market rebound to trigger some new etf......
• 07/09 - ETF Trading - XLU, SDP, SPY, SDS XLU closed higher yesterday, enough to trigger taking a second short position. Take a third and final short trading position only if the closing price of XLU moves higher from here. Follow the signals for XLU to make the third and final etf trade for SDP, as well. SPY closed......
• 04/26 - ETF Trading - EWH Good morning. EWH moved lower on Friday and you took your second position in the etf trade. Should EWH  close lower today, take your third position in the trade. Otherwise, our etf exit signals are triggered when the etf price is greater than it's MA(5), or - for a potentially......

• Growth of Sustainable Finance to Support the Environment Due to the recent financial crunch on the global platform, a majority of the investors from all over the world have realized the need for sustainable finance. Thankfully, a lot of companies have come forward to join this green agenda; green funds are fast becoming the new face of......
• Should You Buy A Tech ETF? Technology ETFs, also referred to as tech ETFs, are exchange traded funds related to technology. ETFs were first introduced in 1993. Because they are affordable, flexible, tax efficient, many investors are taking the ETF approach to investing. If you see the benefits of investing in ETFs compared to traditional stocks......
• Top Tips For Local Internet Marketing Quite a lot of people don't become conscious what local internet marketing really is, so these people do not know the incentives. According to a site glossary the description is: "Internet marketing geo-targeted via web directories, Google Maps, and social media web sites." Put simply local internet marketing is marketing......