07/08 – ETF Trading – XLU, SDP, SPY, SDS

Wow, what a rebound yesterday. XLU closed higher yesterday and you took your first short position in the etf trade. For the leveraged etf trade, you took your first position in SDP. Updated charts are posted below.

As mentioned yesterday, we’ll scale in with up to three 3 positions. So, take a second trading position should XLU close higher today – the same for SDP. Otherwise, our exit signals for XLU are triggered when the etf price is less than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30 – we’ll use the latter. Trade SDP on the signals for XLU.

With all the strong buying, short trading signals triggered for many etfs. Put SPY on your etf watch list. Take an initial short position should this etf close higher today. For a leveraged trade, consider SDS. We may take up to 3 trading positions.

SPY – The SPDR® S&P 500® ETF is a fund that, before expenses, generally corresponds to the price and yield performance of the S&P 500 Index.

SDS – ProShares UltraShort S&P500 seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P500® Index.

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

Join me every day as I offer new etf trading ideas for you to follow.

Updated charts:

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

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