12/18 – ETF Trading – FXI, SPY

Markets moved lower yesterday and so did FXI. We’re into a full trading position, patiently waiting for our exit signals to trigger.

Our etf 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.

Though futures are higher this morning, put SPY on your watch list today. Take an initial trading position should SPY close lower today.

The SPDR S&P 500 ETF – SPY – generally corresponds to the price and yield performance of the S&P 500 Index.

How do all of these trading signals work? Find out 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 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 – available at Amazon.com or save $10 at TradingMarkets.com. Makes a great gift!

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