12/9 – ETF Trading – USO, UCO, FXI, SPY, SSO

Good morning. Yesterday, USO (and UCO) moved lower and you took your second position in the trade. Should these etfs move lower today, take your third 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!

Put FXI and SPY on your etf watch list, today. Take an initial position should these move lower today. For a leveraged trade on SPY, consider SSO. All etf trades are at the market close.

FXI seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE/Xinhua China 25 index.

SPY seeks to correspond generally to the price and yield performance, before fees and expenses, of the S&P 500 Index.

SSO seeks daily investment results, before fees and expenses, which correspond to twice the daily performance of the S&P 500 index.

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.

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