08/06 – ETF Trading – USO, SCO

USO closed lower yesterday. As such, we did not take a second short position in the etf trade. And since we’re using the signals for USO to trade, we did not take a second trade in SCO. Updated charts are posted below.

Take a second short trading position should USO close higher than 36.91 – trade SCO on this signal for the long trade.

Otherwise, our exit signals for USO 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. Trade SCO on the signals for USO.

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

All trades are based on the 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.

Updated charts:

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

• 06/10 - ETF Trading - USO, SCO, FXI, FXP We have some etf shorting opportunities today. Consider taking the first short position in USO and/or FXI should these etfs close higher today. If you're unable to short either etf, consider using the inverse etfs - SCO and FXP. However, follow the etf trading signals for USO and FXI. These......
• 06/22 - ETF Trading - XLF, SKF The S&P Financial Sector ETF closed higher yesterday, generating an etf shorting opportunity. Consider taking a short position in XLF should the etf close higher today. If you're unable to short XLF, consider taking the inverse etf - SKF. However, follow the etf trading signals for XLF. SKF is a......
• 06/15 - ETF Trading - USO, SCO, FXI, FXP USO closed higher yesterday, but not enough to trigger a new trade. Take a second short trading position only if the closing price of USO moves higher than our first short trade. Use this signal to make the trade for SCO. FXI closed lower yesterday. We'll only take a third......

• Advantages and Disadvantages of Investing in Gold Bullion vs. Gold Stocks vs. Gold ETFs Most analysts agree that a well-balanced portfolio should allot a certain amount, somewhere between 5-15%, to gold, depending on your outlook for the economy in the near, mid, and long-term future.  One decision you need to make is how to allocate this portion amongst the several options for owning gold. ......
• Seasonal Investing ETF and Seasonal Investing Strategies from Brooke Thackray Earlier this year I wrote an article explaining seasonal investing for those new to this particular stock investing strategy.  My attention is turned once again to the topic of seasonal investing now that Horizons BetaPro has launched a new seasonal investing ETF. Moreover, the new AlphaPro Seasonal Rotation ETF (TSX:......
• Baseball Cards Sports Memorabilia -> Autographs, Original -> Baseball-MLB-> Trading Cards Baseball cards have been around for just about as long as the sport has and many of them have turned into very valuable collector items. Whether you are interested in collecting baseball cards from a fan perspective, or you are more......