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.

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.

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

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  • 10/28 - ETF Trading - FXI, FXP FXI closed higher for the second day in a row, generating an etf trading opportunity based on our etf trading signals. Consider taking a short position in FXI should the etf close higher today. For a leveraged trade, consider FXP. Use the etf trading signals for FXI to trade FXP.......
  • 09/22 - ETF Trading - IWM, TWM Ok. To review, we have a full short trading position in IWM which closed lower yesterday. We are patiently waiting for our etf exit signals to trigger. Our exit signals are triggered when the closing price for IWM is lower than it's MA(5), or - for a potentially larger gain......
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