09/01 – ETF Trading – No Trades Today

The broader market is in an over-sold condition. Notice the low RSI(2) reading for SPY in the updated chart below.

So why not go long here and make an etf trade? Our rules tell us to trade long only when the etf price is greater than its 200 day moving average – SPY is currently below its 200 day moving average. Why is that important? Read more by author by David Penn.

We’ll patiently wait for a strong stock market rebound to trigger some new short selling etf trading signals. European markets and the futures are up strongly this morning as I write this.

August trading results have been posted and you can review them here.

All of our etf trading signals are found in the book by Larry Connors: High Probability ETF Trading – now at a really great price with the release of the paperback edition! Get your copy today and be ready for the next etf trading session.

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