1/11 – ETF Trading – The 200 Day Moving Average

The stock market remains overbought (see the chart of SPY I’ve posted and notice the high RSI(2) value). We’ll patiently wait for a market sell-off to trigger our etf entry signals.

So why not go short here? Our rules tell us to short an etf only when the etf price is less than it’s 200 day moving average. Why is that important? Read more by author by David Penn.

All of the etf trading strategies I use are found 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 trading strategies, clear explanations, and years of tested results, there is no better place to start finding new trading edges than in High Probability ETF Trading. Get your copy today and be ready for the next trading session. Now available in paperback.

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