12/23 – ETF Trading – FXI

Good morning. The main stock market indices moved higher yesterday, but not FXI, as it retreated just a bit. We’re patiently waiting for FXI to move higher from here; our exit signal is triggered when the RSI(2) of the closing price is greater than 70.

While we’re waiting for FXI to move higher, treat yourself to a Christmas present and learn about all the etf trading signals used here. All of the etf trading signals and strategies I use are found in the book by Larry Connors: High Probability ETF Trading. The 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. The book is available at Amazon.com or you can save $10 at TradingMarkets.com.

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• 06/27 - ETF Trading - GLD, UGL GLD closed lower yesterday and you took your first long position in the etf trade. An updated chart is posted below. As mentioned yesterday, we'll scale in with up to three 3 trading positions. Take a second trading position should GLD close lower again today. Otherwise, should GLD rebound, our......
• 12/10 - ETF Trading - XLU, UPW XLU closed higher yesterday. As such, you did not take the second trading position in the etf trade. Likewise for the leveraged etf trade in UPW. Updated charts are posted below. Our trading strategy is to scale in with up to three 3 trading positions, but we'll patiently wait for......
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