10/27 – ETF Trading – IWM, UWM, EWC, EWT, EWY
Prices for IWM, UWM, EWC, and EWT moved lower at the close yesterday. As a result, we scaled-in to our third and final position for IWM, UWM, and EWC. We scaled-in to our second position for EWT. Should EWT move lower, scale-in to a third and final position at the market close.
EWY moved higher yesterday, but not enough to trigger our exit signals. Take a second trading position in EWY should it move lower today.
Otherwise, we’ll just wait for the market to move higher from here. Exit these etf trades 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.
All trades are at the market close. Please trade responsibly!
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