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
- 11/18 - ETF Trading - No Trades Today - Scale-in Strategies Good morning. My stock screener is telling me that we have no etf trading opportunities today. We'll wait for a stock market pull-back to trigger some new entry signals. We had a great one-day trade on USO and/or UCO - see yesterday's post. We took only one position in the......
- 9/15 - ETF Trading - USO, UCO It's September 15 - your estimated taxes are due! ******* I know I sound like a broken record, but the major markets remain overbought by our measures. We're still patiently waiting for a market pull-back to trigger our stock trading entry signals. Oil moved lower yesterday. Keep USO and UCO......
- 07/20 - ETF Trading - No Trades Today The broader market rebounded a bit yesterday but 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 new short trading etf signals.......
Related Websites
- Do Not Deliberate Too Much… Modern researchers prove that people can avoid usual errors in decision-making by means of impartial consideration of all possible alternatives. Researches have shown, for example, that the habit to such reflexions helps some to perceive better the arriving information and reduces influence of subjective factors at decision-making. However recent researches......
- How to End Paycheck Reliance There are numerous ways to end paycheck reliance in your life, however some are obviously more feasible than others in terms of implementation. For example, winning the lottery is an excellent way to overcome your reliance on a paycheck to paycheck way of living, but how much can you really......
- Auto Currency Speculation For Big Profits Today a great number of people have taken up the venture of investing in the foreign exchange market in order to make some extra money . The word is around that people are making mega bucks while trading on the Forex trading platform which has opened up to the common......
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!