08/18 – ETF Trading – No Trades Today

I have no etf trades to suggest today. The broader market closed just a bit higher yesterday. SPY remains in a neutral position – an updated chart is posted below.

Our etf trading signals are now weighted toward shorting etfs since SPY and other index etfs are now trading below their 200 day moving averages. We’ll patiently wait for a market rally to trigger some new etf trading signals.

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.

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. These strategies also work in bear markets.

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

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