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
- 10/19 - ETF Trading - GLD, SLV, UGL, AGQ, EWJ, EWY Good morning. Prices for our Friday etf watch list all moved higher. As such, we did not take an initial trading position in GLD, SLV, UGL or AGQ. Stock charts are shown below. Two new etf trading candidates to consider today are EWJ and EWY. Take your first long position......
- 02/11 - ETF Trading - Stock Screening The market is in neutral territory. See the updated chart of SPY below. Let's wait for a stock market pull-back to trigger some new etf trading signals. How do I find etf trading candidates? I use a simple stock screener (stockfetcher.com) and plug in the formulas from High Probability ETF......
- Hello (Stock Trading) World! Greetings, Stock Traders, Let me introduce myself as a stock trader with a special interest in ETF stock trading. My interest in ETFs came from reading two books by Larry Connors: Short Term Trading Strategies That Work High Probability ETF Trading: 7 Professional Strategies To Improve Your ETF Trading I've......
Related Websites
- Passive Investing vs Active Investing: Strategies For The Stock Investor For experienced and first time investors alike, the plethora of investment vehicles and options can be overwhelming. It seems that on a nearly daily basis, some new innovation with unlimited promise and appeal sprouts through the already crowded investment landscape. Like many things, however, it behooves us to keep our......
- 7 Ways To Get Rich Working From Home Working from home has always been interesting. But how to make it profitable ? That's a nice question. Niranjan Ranade here from TopCashSecret.com Today we will see 5 ways to make money online working from home 1. Spend time to earn income: Yes, it's the easiest way because there are......
- Successful Investing Tips and Techniques The true, most basic motivation behind investing is to grow our investment. People who have invested before will take their time, looking at the differing companies and the market, trying to predict how a stock will do in a year or two. Those investors whom are without the experience to......


















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!