11/24 – ETF Trading – EWH, SPY, SSO

We took our gains yesterday at the market close! What a nice way to kick-off the holiday weekend. We’ll pick-up the etf trading activity again on Monday, November 30th. Have a great Thanksgiving!

EWH gained 1.03% , SPY gained 1.27% , and SSO gained 2.59% as these etfs moved higher than their 5 day moving average and – except for EWH – the RSI(2) moved above 70. Recall that we took our initial positions at the close on Thursday and Friday. You still may be trading EWH to exit on the RSI(2)>70 signal.

Want to learn how to find more winning etf trades like this? 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.

ewh-trading-signal-91124

spy-trading-signal-91124

sso-trading-signal-91124

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.

Bookmark and Share
Blog Traffic Exchange

Related Posts
  • ETF Trading - EWT, EWC, GLD EWT retreated again. We'll patiently wait for our exit signal in order to take our gains. EWC and GLD both turned lower yesterday as well. If you're trading these etfs, you took your second position at the market close yesterday. There will be no update on Thursday. We'll review the......
  • 12/28 - ETF Trading - No Trades Today Good morning. I hope you had a nice Christmas and holiday break. The market drifted higher on lower volume last week - typical of holiday trading and a "Santa Claus" rally. However, the major indices remains overbought as shown in the chart of SPY I've posted. Notice the high RSI(2)......
  • 01/15 - ETF Trading - EWH, EWZ 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 -......
Blog Traffic Exchange

Related Websites
  • Making Investments For Beginners The general rule of thumb is that it is best to begin investing as early as possible (see 7 Financial Moves To Make In Your 20's).  While ideal, that's not always the way things turn out.  Fortunately it is never too late to get started.  Whether you are fresh out......
  • How To Invest In Foreign Currencies & Foreign Stocks Previously I had mentioned several ways to invest for a recession or a major downturn in the US economy. In that post, I stated that one of the ways to hedge against the declining dollar (apart from my favorite method of buying gold) was investing in foreign currencies. Several people......
  • $5 Dinner Mom Cookbook Giveaway There's a new cookbook that's come out that sounds like it's great for families and the frugal-minded.  It's called The $5 Dinner Mom Cookbook.  The book is written by Erin Chase, author of the popular site 5DollarDinners.com. The premise of the book is that every recipe will feed a family......