08/11 – ETF Trading – No Trades Today
I have no etf trades to suggest today. The broader market is neither hot nor cold. Let’s wait for some direction in the market to trigger some new etf trading signals. World markets and futures are down this morning, suggesting some selling action today. An updated chart for SPY is posted below.
As part of our trading execution, we won’t take just one trading position. Depending on the market action, we’ll make additional trades – scaling in to the trade – with up to 3 to 4 additional positions. And each position gets a bit larger than the previous one. Larry Connors has a great summary of these strategies which you can review here. The strategies also work in bear markets.
All of our etf trades are at the market close. Please trade responsibly.
Discover all of the etf trading strategies used here at ETF Stock Trading in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have only a few rules and you can back-test and apply the strategies on the next trading day. The book, complete with exact trading rules, is backed by over a decade of statistical results. Get your copy today.
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Can’t make a trade? Let Warren Buffett manage your portfolio – AlphaClone
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