09/08 – ETF Trading – IWM, TWM

IWM closed lower yesterday, but not enough to trigger our exit signals. Updated charts are posted below.

Take a third short trading position should IWM close higher than 64.33 – trade TWM on this signal for the long trade.

Otherwise, our exit signals for IWM are triggered when the etf price is less than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30. Trade TWM on the signals for IWM.

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

Learn more about etf trading strategies in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have just a few simple rules and you’ll be able to back-test and apply the strategies to the next trading day. Get your copy today and be ready for the next trading session.

Updated charts:

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

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