08/16 – ETF Trading – No Trades Today

More selling pushed the market lower on Friday. The broader market is 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.

Why trade etfs? John Nyaradi, in an article at TradingMarkets.com, shares his 8 Reasons to Trade ETFS and what they can do for your stock trading portfolio. You won’t ever buy another mutual fund!

Learn more about the etf trading strategies used here. They’re from the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have only a few rules and you’ll be able to back-test and apply the strategies to the next trading day. Available now in either paperback or immediate download, get your copy today and be ready for the next trading session.

Updated chart for SPY:

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

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