11/05 – ETF Trading – XLF, SKF

XLF closed strongly higher yesterday, enough to trigger taking a second short position.

However, since XLF is now above its 200 day moving average, we will not take a final 3rd short trading position.

We’ll now just wait for our etf exit signals to trigger. Our exit signals are triggered when the closing price for XLF is lower than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30. We’re using the latter signal. You’ll exit the leveraged trade in SKF on these signals as well.

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

Learn more about etf trading strategies in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have just a few simple rules and you’ll be able to back-test and apply the strategies to the next trading day. Get your copy today and be ready for the next trading session. Have a great weekend.

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