Archive for July, 2009

ETF Trading – USO, SCO

As I read the market news this morning, oil is up to nearly $65.

Put USO on your watch list today. You may consider taking the first short position today should it close higher than Friday’s close.

You can also short USO by taking a long position in SCO. Take an initial position should it close lower than Friday’s closing price. SCO seeks to replicate, net of expenses, twice the inverse daily performance of the Dow Jones AIG Crude Oil Sub-Index.

These trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading.

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.

• 02/01 - ETF Trading - No Trades Today Our etf trading signals for SPY did not trigger yesterday. We'll make no trades today. The broader market closed higher yesterday. The chart for SPY shows just how over-bought the market is (see the updated chart for SPY below - notice the very high RSI(2) reading). We'll wait for a......
• 10/11 - ETF Trading - USO, SCO USO closed higher yesterday and you took your first short position in the etf trade. For the leveraged etf trade, you took your first long position in SCO. Updated charts are posted below. As mentioned yesterday, we'll scale in with up to 3 positions. So, take a second short position......
• 06/04 - ETF Trading - USO, SCO Markets continued to move higher yesterday and so did oil. We're still waiting for our etf exit signals to trigger for our short trade in USO. The inverse, leveraged etf trade is in SCO. Our etf exit signals are triggered when the closing price for USO is lower than it's......

• Insider Trading Tips CNN's money site has an interesting article on insider trading.David Pajcin had set up an intricate network of spies to provide him with insider information including Businessweek and Merrill Lynch employees, a grand juror and of course strippers. [Whats a wall street story without exotic dancers?]To read more about the......
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• When is an ETF not Actually an ETF? Exchange Traded Funds have been popular for decades since they provide diversification with the ease of trading and dollar cost averaging.  They have gotten so popular that the actual topic of ETFs now include specific industries, super concentrated funds and even active investing.  However, when is an ETF not really......

ETF Trading – No New Trades for Friday

No new stock trading ideas were triggered yesterday afternoon.

We’re active in current trades as detailed in previous posts, and just waiting for exit signals to trigger.

All trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading, except where noted.

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.

• ETF Trading - USO, UCO We closed 2 more winning trades on Tuesday! For USO and UCO, we took our gains at the market close, as the RSI(2)moved above 70. We gained 4.04% on USO and 6.75% on UCO - all in about a week. Recall that last week, traders who exited on the (MA)5......
• 04/12 - ETF Trading - USO, UCO Good morning. Not a whole lot is flashing on my etf stock screener; however, I do have a suggestion for today. Put USO on your watch list. Take an initial position should this etf close lower today. USO has closed lower for 4 days in a row, and looks ready......
• 03/11 - ETF Trading - GLD, UGL Ok. GLD closed lower yesterday and you took your first position in the etf trade. For the leveraged etf trade, you took your first position in UGL. Updated charts are posted below. Once we trade, we don't always take just one trading position. There are times when we'll scale in......

• Ideas for Blogging Content Pt 2 Business blogging is rife with benefits for anyone who is able to utilize it properly, as it adds a significant amount of value to a company's web presence, increasing search engine visibility and encouraging excellent and meaningful interaction from readers, driving an increase of traffic to your website in the......
• Forex Trading Online Gain A Quick Understanding Thanks to the Net there are particular jobs and economic transactions that can be done while not having to go to the office or to any office. You can even be involved in foreign-exchange trading without actually going to the place for the said transactions. You only need to go......
• High Frequency Trading and Why I Couldn't Care Less Rarely do I mention trading here at SF, but late last week, a story emerged that certain Wall Street firms have -- allegedly -- rigged the system so they could peek at the incoming buy orders before the order is actually placed. So you're telling me that someone may actually......

ETF Trading – XLI, SIJ, IYR, SRS

XLI closed higher, yesterday. And even though it closed above it’s 200 day moving average (in violation of the guidelines set forth in High Probability ETF Trading), this etf, nevertheless, looks overbought and due for a correction.

The same applies for SIJ (inversely).

I added the 50 day moving average on the charts – I find the MA(50) helpful in finding the sub-trend of the larger trend and direction of the stock price.

Take a look at IYR today. Should it close higher, I might short the stock. You could also take a long position in SRS (the double inverse etf). On a related note, read this post by Mike Shedlock. I really don’t think real estate is going to get better any time soon.  Your thoughts?

XLI – Look how the stock price bounced off the MA(50) – resistance?

These trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading.

• 08/24 - ETF Trading - SPY, SH, SDS SPY closed higher yesterday, with an RSI 2 greater than 75. Should it close higher today, consider taking your first short position in this etf trading opportunity. SPY - The SPDR® S&P 500® ETF is a fund that, before expenses, generally corresponds to the price and yield performance of the......
• 09/15 - ETF Trading - SPY, SH, SDS SPY closed higher yesterday, with an RSI 2 greater than 75, giving us a short trading opportunity. Should it close higher today, consider taking your first short position in the etf trade. SPY - The SPDR® S&P 500® ETF is a fund that, before expenses, generally corresponds to the price......
• 07/20 - ETF Trading - IWM, UWM IWM closed higher yesterday and you took a gain of 1.65% on the trade if you exited the trade on the 5 day moving average signal. The trade in UWM yielded 3.12%. Updated stock charts are posted below. Another exit signal for IWM, and one that offers a potentially bigger......

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• Just How Safe is Your Money Right Now? Even after the government took the opportunity to step in and bail out one of our largest insurance companies, the stock market still managed to find a way to completely tank, because many investors were not persuaded that this intervention was going to protect their investments. This is when you......
• Vanguard Now Offering Free Trades on In-House ETFs Not to be outdone by low cost ETF competitors like Charles Schwab, Vanguard customers now have the option to trade Vanguard ETFs commission free, as well as benefit from online discount broker like commissions on individual stock trades. Commission-free ETF transactions. Vanguard brokerage clients may make commission-free transactions in Vanguard’s......