10/26 – ETF Trading – IWM, UWM, EWC, EWT, EWY

Prices for IWM, UWM and EWC moved lower at the close on Friday. As a result, we scaled-in to our second position. Should the market move higher from here, 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, scale-in to a third long position at the market close.

For etf traders looking to trade other country funds, we took our first positions of EWT and EWY. You may take a second trading position in these etfs should they move lower today. Otherwise, follow the exit signals as previously stated.

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.

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

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