12/15 – ETF Trading – USO, UCO, FXI

Markets moved higher yesterday, and so did our etf trades – if ever so slightly. We’re trading USO (and UCO) and FXI.

Our exit signals are triggered when the etf price is greater than it’s 5 day moving average, or – for a potentially larger gain – when the RSI(2) is greater than 70.

FXI did move above it’s 5 day moving average for a gain of almost .5% – not a great gain, but a gain, nevertheless. We’ll follow the trade until the RSI(2) of the closing price is greater than 70.

All trades are at the market close. Please trade responsibly!

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.

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