10/23 – ETF Trading – IWM, UWM, EWC, EWT, EWY

We took our first trading position in IWM, UWM and EWC on Wednesday. Yesterday’s rally pushed prices higher, but not enough to trigger our exit signals. Exit the trade at the market close when the etf price is greater than the MA(5), or – for a potentially larger gain – when the RSI(2) is greater than 70.

Should the market move lower, take your second long position at the market close, should any of these etfs move lower than our entry price.

Have questions about the signals? Learn all the etf trading signals 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 signals, clear explanations, and years of tested results, there is no better place to start finding new trading edges than in High Probability ETF Trading – available at Amazon.com.

Two new etf trading ideas today include EWT and EWY. You may take an initial trading position in either of these etfs should they move lower today.

All trades are at the market close. Please trade responsibly!

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