11/5 – ETF Trading – IWM, UWM, EWT, EWY

Markets closed a bit higher yesterday and triggered exit signals for EWT and EWY – unfortunately for us, at a loss. We lost 2.18% on EWT and we lost .66% on EWY.

Otherwise, we still have full trading positions for any of the remaining etfs we’ve been following for the past week and half – IWM, and UWM.

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; we’ve been using the latter. All trades are at the market close. Please trade responsibly!

Part of becoming a better trader is reviewing your etf trades. For EWT, we followed our trading signals precisely. Yet on a complete review of the trade, we would have be better served by not scaling into our position on 10/26 and 10/27 – the etf price dropped, but only by a penny on those days. Had we scaled into our second position on 10/28 and our third position on 10/30, our gain on the complete trade would have been 1.27% instead of a 2.18% loss. Consequently, the degree of price decline on the second and third trading position might be something to consider on your next trade.

Join me everyday to follow the 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.

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.

• 9/21 - ETF Trading - No Trades Today Good morning. Our stock trading entry signals did not trigger for EWJ, XSD, and USD on Friday. As such, we did not enter the trades. For this morning, futures are suggesting a stock market pull-back. Markets still remain overbought by our measures. But perhaps with a few days of selling,......
• 10/23 - ETF Trading - IWM, UWM, EWC, EWT, EWY We took our first trading position in IWM, UWM and EWC on Wednesday. Yesterday's rally pushed prices higher, but not enough to trigger our exit signals. Exit the trade at the market close when the etf price is greater than the MA(5), or - for a potentially larger gain -......
• ETF Trading - USO, UCO, EWH, IWM, UWM Markets moved a bit lower on Wednesday, allowing us to, again, scale-in to our current etf trades. Let's review the details. For those who were playing the USO / UCO trade, looking for the RSI(2)>70 signal, you scaled into your third position at the close yesterday. Oil is up this......

• How I Find the Highest Paying Dividend Stocks Whether you believe that dividend investing is one of best forms of passive income or not, it's certainly one of the most reliable ways to boost your ROI over the long haul and in a sideways market. So not surprisingly, one of the questions I've been getting on a regular......
• Target Date Funds: Not One Size Fits All Target Date retirement mutual funds have exploded in recent years. Many of us have seen them - offerings from Fidelity, Vanguard, or a whole host of others. They're easy to pick and easily marketed - Fidelity Freedom 2010, Fidelity Freedom 2015, etc.  According to the Wall Street Journal, these funds had $7......
• Trading & Investing Strategies for the Current Environment This guest post comes from Kevin at 20smoney.com, a blog covering financial topics such as investing, money management and the development of income streams. Despite the fact that most people tend to think that a market that has already booked a 60%+ rally is a great time to be invested......