10/05 – ETF Trading – FXI, SPY, SSO
Good morning. We had a great week of winning etf trades last week.
This week, we’re looking to finish strong with FXI. We scaled-in to our third and final position last Thursday at the close. 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 trading is at the market close.
For new etf trading opportunities, put SPY on your watch list today. Take an initial entry position should it close lower today. For those looking for a leveraged etf trade, keep your eye on SSO.
All of these etf trading ideas are based on the strategies found in the book by Larry Connors: High Probability ETF Trading. Get your copy and start making your own winning trades.
Join me every day as I offer new etf trading strategies for you to follow.
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