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.

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.

—–

Let Warren Buffett manage your portfolio – AlphaClone

Blog Traffic Exchange

Related Posts
  • 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......
  • 03/28 - ETF Trading - No Trades Today We'll make no trades today. The broader market remains in an overbought condition. Notice the high RSI 2 reading for SPY in the updated chart below. So why not go short here? Our rules tell us to short an etf only when the etf price is less than it's 200......
  • 02/22 - ETF Trading - No Trades Today The broader stock market is overbought (see the chart of SPY I've posted and notice the high RSI 2 value). We'll patiently wait for a market sell-off to trigger our etf entry signals. We might have a good start today - futures are down this morning. So why not go......
Blog Traffic Exchange

Related Websites