11/13 – ETF Trading – EWZ, USO, UCO
Good morning. Yesterday’s market sell-off gave us some trading signals and potential etf trade entry points.
Put EWZ and USO on your watch list today. Take an initial position should these move lower today. For a leveraged trade on USO, consider UCO. All trades are at the market close.
The iShares MSCI Brazil Index Fund – EWZ – seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Brazilian market, as measured by the MSCI Brazil Index.
The United States Oil Fund, LP – USO – is a domestic exchange traded security designed to track the movements of light, sweet crude oil (“West Texas Intermediate”). USO issues units that may be purchased and sold on the NYSE Arca.
ProShares Ultra DJ-UBS Crude Oil – UCO – seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the Dow Jones—UBS Crude Oil Sub-Index.
Join me every day as I offer new etf trading ideas for you to follow. Have a great weekend!
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