10/20 – ETF Trading – EWJ, EWY
Prices for EWJ and EWY moved higher yesterday. As such, our entry signal did not trigger and we did not enter the etf trade. We’ll wait for a stock market pull-back to trigger some new entry signals. Updated stock charts are posted below.
Want more information about how I trade etfs? Discover the etf trading strategies and entry signals I use. They’re found in the book by Larry Connors: High Probability ETF Trading. His tps etf trading strategy has only a few rules and you’ll be able to back-test and apply the strategy to the next trading day. 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.
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.
Related Posts
- 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......
- 06/29 - ETF Trading - No Trades Today Our entry signals for shorting USO yesterday did not trigger. As such, we did not take the trade. The broader market is oversold (see the updated chart for SPY below - notice the low RSI(2) reading). And since the broader market is below its 200 day moving average, we'll patiently......
- 07/01 - ETF Trading - No Trades Today Late-day selling pushed the market lower yesterday. The broader market remains oversold (see the updated chart for SPY below - notice the low RSI(2) reading). And since the broader market is below its 200 day moving average, we'll patiently wait for a stock market rebound to trigger some new etf......
Related Websites
- A Primer For The Stock Market Trader Interested In Trading Options Because of their reputation of being a high-risk speculation, trading options may not appeal to many who are new to trading in the stock market. However, the person who understands the stock market and is able to make profitable decisions in trading stocks should be a good candidate to speculate......
- Jim Cramer: Sell Your Stocks While watching the Today Show this morning I was very surprised by Jim Cramer's words. He said it is time to get out of the stock market (note: huge caveat follows). Economists almost always say to stay the course and not to panic. Plus we know that when the market......
- 7 Online Discount Brokers That Offer Stock Trades for $7 Or Less This article comes from DR at The Dough Roller, a blog about how to make more money, spend less, and invest the rest. As investors have become more and more comfortable trading stocks and options over the Internet, a number of online discount brokers have entered the market. Zecco was......
Hey, Seth !
Just want to let you know that I am still enjoying your blog very much. Don’t let the absence of comments make you think otherwise.
I have a question for you – what is the inverse etf for the USO. Actually, what are the inverse etfs for the USO – I imagine that there is both a leveraged and a non-leveraged option.
Be well.
RBB
Thanks for the support. I know my stock picking ideas don’t really prompt debate and commentary. Perhaps I should pose more questions for the readers – get their ideas and questions.
Regarding USO, I trade SCO as the inverse etf. It’s leverage 2x, so you might want take 1/2 the position. You could also trade DUG, though it’s a short oil
and gas etf – it would still be a good trading vehicle.
Looking at the chart of USO right now, the RSI(2) is in no man’s land. I wouldn’t make a trade at this level.
Thanks Seth.
I knew about SCO – but not about DUG, so thanks for that.
Re: USO – I am thinking of constructing a commodity etf basket. Maybe to trade, maybe to just monitor. In the future, if I wanted to short USO and had difficulty getting a locate to short I would need an alternative. SCO would work fine. Not looking to do anything at the moment however.
Re: inviting debate – personally, I like the no nonsense “just the facts” approach that you have here. A lot of other sites are out there slinging opinions. Not exactly putting any $ in my pocket.
You know what they say – opinions are like *ssholes, everyone has one. But the other guy’s *sshole is not going to put any $ in my pocket.
On the other hand, if you are hoping to “hits” on your site – you may have to go in that direction. Even mainstream media is going in that direction. The CNBC of 1999 is completely different than the conflict media / “high horse” opinion media model of CNBC 2009
This site has an interesting mix. Nuts and bolts re: options, but a lot of sports and pop culture mixed in. Particularly pop culture involving females – like Katy Perry and the New Jersey Nets cheerleaders.
Maybe the opinion thing just hasn’t been done right. If you can improve upon it, go for it.
Later, pal.
RBB
http://dailyoptionsreport.com/
Thanks for the feedback. I think I’ll keep it simple for now!