10/06 – ETF Trading – No Trades Today

More buying pushed the broader market higher yesterday. SPY has moved into an over-bought area – see the RSI 2. And since the broader market is below its 200 day moving average, another day of buying should trigger our short etf trading signals. We want to take a short trade when the RSI 2 moves and closes above 75 for 2 consecutive days.

Why trade etfs? John Nyaradi, in an article at TradingMarkets.com, shares his 8 Reasons to Trade ETFS and what they can do for your stock trading portfolio. You won’t ever buy another mutual fund!

Learn more about the etf trading strategies used here. They’re from the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have only a few rules and you’ll be able to back-test and apply the strategies to the next trading day.

Updated chart for SPY:

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• 01/06 - ETF Trading - No Trades Today Good morning. My stock screener is reporting that we have no etf trading opportunities today. Markets are in an overbought condition. We'll wait for a stock market pull-back to trigger new etf trading signals. Once we enter an etf trade, we won't always take just one trading position. There are......
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