09/14 – ETF Trading – IWM, TWM

IWM closed higher yesterday, enough to trigger taking a third and final short position. IWM is over bought and ready for a correction – notice that the RSI(2) is high at 95.69.

The higher closing price for IWM also triggered a third and final etf trade position for TWM. We’ll now wait for our etf exit signals.

Our exit signals are triggered when the closing price for IWM is lower than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30. We’re using the latter signal. You’ll exit the leveraged trades on these signals as well.

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

Learn more about short 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.

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.

—–

Get More Day Trading Strategies …

• 07/13 - ETF Trading - IWM, UWM IWM closed lower yesterday and you took your first long position in the etf trade. An updated chart is posted below. As we discussed yesterday, we'll scale in with up to three 3 trading positions. So, take a second position should IWM close lower today. Otherwise, our exit signals for......
• ETF Trading - USO, UCO, EWH, IWM, UWM Tuesday's sell-off provided some opportunities to scale in to our current etf trades. Let's review the details. For those who were playing the USO / UCO trade, looking for the RSI(2)>70 signal, we're a bit behind in the count. Hopefully you scaled into a second position at the close yesterday.......
• 09/09 - ETF Trading - IWM, TWM IWM closed higher yesterday, but not enough to trigger taking a third short trading position. 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......

• The Pros and Cons of Investing in ETFs In last decade, specialty ETFs (Exchange Traded Funds) are probably the hottest thing to hit Wall Street since the rise of the discount brokers in the mid 1990s. Initially, ETFs were not very popular because they only tracked the performance of a few stock market indices. However, in today's investing......
• How To Conquer The World For Fun And Profit Regular readers already know my penchant for collecting Napoleon I era gold coins. Just like Napoleon Bonaparte, I too harbor a secret desire to conquer the world. But unlike Napoleon (or George W. Bush for that matter) I don't want to invade them. I want to prosper by investing in......
• Study More To See Exactly How Emotional The Marketplace Is And Just For This You Will Need A Number Of Resource. Something to remember, trading successful Demo does not ensure profits with cash when buying and selling on using the web. Also, to help to make the following blog function, youll need to leave your personal computer functioning at all times. Forex Market Trading by means of at this time have......