08/31 – ETF Trading – No Trades Today

We had a promising set-up for a short trade; unfortunately the market sold off yesterday and our trading signals for IWM did not trigger. As such, we did not take the etf short trade.

The broader market is nearly 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 new short trading etf signals.

Not interested in short trading etfs? Consider trading the inverse and double inverse etfs.

How do we find the etf candidates to trade? It’s a very simple set of rules to follow. Larry Connors details just how easy it is to find high probability etf trading candidates in a bull market. The bear market signals are just as simple.

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. Take your ETF trading to the next level in High Probability ETF Trading. This new strategy book, complete with exact trading rules, is backed by over a decade of statistical results.

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

• 12/3 - ETF Trading - No Trades Today This market remains overbought - see the high RSI(2) value on the chart for SPY. We'll wait for a stock market pull-back to trigger some new trading entry signals. All of the signals and strategies I use for etf trading are found in the book by Larry Connors: High Probability......
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