10/14 – ETF Trading – Still No Trades

Even with the flat close yesterday, this stock market remains overbought (see the chart of SPY I’ve posted). As such, I have no new etf trades to suggest.

I know our trading system can be boring at times, but patience is our goal. We’ll wait for a stock market pull-back to trigger some new entry signals.

So why not go short here if the market is so overbought? Our rules tell us to short an etf only when the etf price is less than it’s 200 day moving average.

Learn all the etf trading rules. They’re found in 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. With easy to follow trading strategies, clear explanations, and years of tested results, there is no better place to start finding new trading edges than in High Probability ETF Trading. Get your copy today and be ready for the next trading session.

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