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!
Want to learn more about these trading signals? Learn all the secrets 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.
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
- 10/26 - 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......
- 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......
- ETF Trading - USO, UCO, EWH, IWM, UWM We closed three winning trades on Friday, making for a profitable holiday weekend! For EWH, we took our profits on Friday, at the market close, as the RSI(2) moved above 70. Our gains were 3.43% for this exit signal. For IWM and UWM, we took our profits on Friday, at......
Related Websites
- iShare MSCI Germany (EWG) - Confusion of the Acronym The iShare MSCI Germany shares are selling higher and have the largest output of money as shown on Wednesday, January 13th. iShare MSCI Germany stocks are being sold on strength which is the reason this company has topped the index charts. iShare MSCI Germany is a type of ETF; an......
- 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......
- Stop Losses to Protect Capital You place stop loss orders with your broker to automatically close a position if its price gets to a certain level (the "stop"). Sometimes news related to a stock can cause its price to change a lot during a day. Stop loss orders keeps these positions from having catastrophic losses.......
