11/20 – ETF Trading – EWH, SPY, SSO
Good morning. Yesterday, EWH moved lower and you took your initial position in the trade.
Should EWH move lower today, take a second position in the trade. Otherwise, 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 trades are at the market close. Please trade responsibly!
For suggestions on how to scale-in to the trade, please review these strategies. We scale-in with 3 positions for the trades on this site.
New etf trading ideas today include SPY, and for the leveraged trader, SSO. Take an initial position in one of these should they move lower today.
SPY seeks to correspond generally to the price and yield performance, before fees and expenses, of the S&P 500 Index.
ProShares Ultra S&P500 – SSO – seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the S&P 500® Index.
Join me everyday to follow these etf trading signals. All of the signals and strategies I use for etf trading 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.
Have a great weekend!
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.
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