07/12 – ETF Trading – XLU, SDP, SPY, SDS

XLU closed higher on Friday, enough to trigger taking a third and final short position. The higher closing price for XLU also triggered a third and final etf trading position for SDP. We’ll watch for our etf exit signals now.

SPY also closed higher on Friday, triggering a second short position. Take a third and final short trading position if SPY closes higher today. If you’re trading the leveraged etf, you have a second trading position in SDS. Follow the signals for SPY to take a third and final trading position in SDS. Otherwise, if the market sells off, watch for our etf exit signals to trigger.

Our exit signals are triggered when the closing price for XLU or SPY 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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