11/2 – ETF Trading – IWM, UWM, EWC, EWT, EWY
You may have full trading positions for any or all of the etfs we’ve been following the past week – IWM, UWM, EWC, EWT and EWY.
Now, we’re just exercising some patience as we wait for the market to move higher from here. Futures are pointing higher this morning.
Our exit signals are triggered when the etf price is greater than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is greater than 70. All etf trades are at the market close. Please trade responsibly!
Discover the research behind all of these etf trading signals. Get 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 or save $10 at TradingMarkets.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
- 10/30 - ETF Trading - IWM, UWM, EWC, EWT, EWY Same story as yesterday. We're now into a full trading position for all of the etfs we've been following the past week - IWM, UWM, EWC, EWT and EWY. We've scaled-into three trading positions for each etf over the past several trading days. We're just waiting for the market to......
- 02/01 - ETF Trading - No Trades Today Our etf trading signals for SPY did not trigger yesterday. We'll make no trades today. The broader market closed higher yesterday. The chart for SPY shows just how over-bought the market is (see the updated chart for SPY below - notice the very high RSI(2) reading). We'll wait for a......
- 10/19 - ETF Trading - GLD, SLV, UGL, AGQ, EWJ, EWY Good morning. Prices for our Friday etf watch list all moved higher. As such, we did not take an initial trading position in GLD, SLV, UGL or AGQ. Stock charts are shown below. Two new etf trading candidates to consider today are EWJ and EWY. Take your first long position......
Related Websites
- Currency Trading On The Internet Is For Nearly All Individuals A Little Bit More Difficult Then The Teachers Make You Imagine. If youd like to make major Foreign exchange gains, there is no more effective method to do so when compared with to have a solution and with this document, we will describe precisely how and the reason why the method works and the way you can make use of it,......
- 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......
- Trading the Wrong Market If you know the pitfalls of trading, you can easily avoid them. Small mistakes are inevitable, such as entering the wrong stock symbol or incorrectly setting a buy level. But these are forgivable, and, with luck, even profitable. What you have to avoid, however, are the mistakes due to......
Hello Seth,
What is the risk management rule for handling an etf that experiences a serious drawdown?
RBB
You could always use stops on your trades – for example limit your loss to say 3%. But if you follow the strategies and research of Larry Connors, he argues against using stops for protection. His research shows that trading results actually improve without the use of stops. The best results occur by following the trading signals – in the case of my current trades, when the RSI(2) of the closing price is greater than 70. Following these signals and rules results in a trading success ratio of better than 80%. I will say that it’s sometimes tough to follow the rules when you’re upside down on a trade!