12/8 – ETF Trading – EWC, USO, UCO

Good morning. Yesterday, USO (and UCO) moved lower and you took your initial position in the trade. EWC moved higher and we did not take that trade.

Should USO (or UCO) move lower today, take a second position in the trade. Otherwise, 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. All trades are at the market close. Please trade responsibly!

Join me everyday to follow these 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.

• 03/28 - ETF Trading - No Trades Today We'll make no trades today. The broader market remains in an overbought condition. Notice the high RSI 2 reading for SPY in the updated chart below. So why not go short here? Our rules tell us to short an etf only when the etf price is less than it's 200......
• 02/10 - ETF Trading - Rats! Rats! - we should have taken the trade on Monday! Prices for SPY and SSO moved higher yesterday. As such, our entry signal did not trigger and we did not enter the etf trade. Patience, dear Trader - we'll just have to wait for a stock market pull-back to trigger......
• 08/31 - ETF Trading - No Trades Today We had a promising set-up for a short trade; unfortunately the market sold off yesterday and our trading signals for IWM did not trigger. As such, we did not take the etf short trade. The broader market is nearly oversold (see the updated chart for SPY below - notice the......

• A Major Problem with the Modern Day Stock Market Guest Post Author Bio: This blog post was written by Tony Chou. Tony Chou teaches readers how to invest in the financial markets. He gives out different scenarios, and then explains how to invest in those scenarios, such as How to Invest in a Panic. Investors should have learned this from the stock market crash......
• Common Sense Advice For Investing In The Stock Market Given the poor performance of the stock market in 2008, its time to go back to the investment basics and make sure you don't forget the important stuff. 1. Only invest in companies that pay a decent dividend (at least 3%) and that have a long history of increasing their......
• Successful Investing Tips and Techniques The true, most basic motivation behind investing is to grow our investment. People who have invested before will take their time, looking at the differing companies and the market, trying to predict how a stock will do in a year or two. Those investors whom are without the experience to......