10/01 – ETF Trading – FXI, USO, UCO

Wow! We took some big gains on USO and UCO, yesterday. Our gain on USO: +6.54%. Our gain for UCO: +11.99%. Recall that we took our entry positions at the market close on 9/24.

For FXI, the closing price moved lower than our entry price, so you added a second position to the trade. Buy a third position should it move lower still. Otherwise, our exit signals are a closing price greater than MA(5) or the RSI(2)>70. It’s your call on which exit signal to use.

All of these etf trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading. All trades are at the market close.

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