12/16 – ETF Trading – USO, UCO, FXI

The major market indices moved lower yesterday and so did FXI. Add a third trading position should FXI close lower today. Our exit signal is triggered when the RSI(2) of the closing price is greater than 70.

Despite the lackluster market yesterday, USO (and UCO) moved higher with the closing price finishing above the 5 day moving average. The MA(5) exit signal resulted in a losing trade. However, our exit signal is triggered when the RSI(2) of the closing price is greater than 70. We’ll follow the trade to it’s conclusion.

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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