08/30 – ETF Trading – SPY, SH, SDS

SPY closed higher yesterday (SH and SDS closed lower), enough to trigger taking a second trading position. Take a third and final short trading position only if the closing price of SPY moves higher from here (SH and SDS close lower).

Otherwise, our exit signals for SPY are triggered when the closing price for SPY is lower than it’s 5 day moving average, or – for a potentially larger gain – when the RSI 2 is less than 30.

Our exit signals for SH are triggered when the closing price for SH is higher than it’s 5 day moving average, or – for a potentially larger gain – when the RSI 2 is greater than 70. Trade SDS similarly.

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

Learn why the S&P 500 index is now a good short etf trading opportunity in 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. With easy to follow trading strategies, clear explanations, and years of tested results, there is no better place to start finding new trading edges than in High Probability ETF Trading. Get your copy today and be ready for the next trading session.

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.

—–

Get More Day Trading Strategies …

—–

• 04/25 - ETF Trading - No Trades Today The broader market closed higher last Thursday, leaving the S&P 500 in a over-bought condition (see the updated chart for SPY below - notice the RSI 2 reading over 90). We'll make no trades today - a market sell-off will trigger some new etf trading signals. While we're waiting for......
• 12/05 - ETF Trading - SPY, SH, SDS We have 2 trading positions in our etf trading basket. We're shorting SPY in this current trading session. You could also trade the inverse etfs - SH and/or SDS. SPY closed lower on Friday, but not enough to trigger our exit signals. Follow our exit signals as stated below; otherwise......
• 12/02 - ETF Trading - SPY, SH, SDS We have 2 trading positions in our etf trading basket. We're shorting SPY in this current trading session. You could also trade the inverse etfs - SH and/or SDS. SPY closed lower yesterday, but not enough to trigger our exit signals. Follow our exit signals as stated below; otherwise take......

• Are Stocks A Better Investment Than Real Estate? According to this article in Money Magazine, stocks are a better investment, based on a study taking in account the years 1978 to 2004.While there are some valid points favoring stocks over real estate, I think it was a one sided arguement.Why choose a period where the stock market did......
• Benefits of Collecting Autographed Memorabilia Collecting autographed memorabilia is a hobby that can be enjoyable whether or not you are actually into sports collectibles or collecting other types of memorabilia for that mater. Collecting autographed memorabilia, in fact, has become a fad among pretty much everyone because collecting autographed memorabilia is a great way to......
• 5 Factors Every Trader Should Examine Before Making A Trade The third quarter of 2008 was the most volatile and tumultuous environment in the past 80 or more years, the effects of which are still painfully present. But for stock pickers who rely on strategies that have made them successful in the past, it has made their entire trading approach......