Archive for September, 2009

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 signal made some nice gains, too.

I have no new trades to suggest. With the futures flat this morning, a market pullback today might trigger some buying signals for us.

All of these trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading. All trades are at the market close.

Join me every day as I offer new etf trading ideas for you to follow.

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.

• 04/19 - ETF Trading - No Trades Today We'll make no etf trades today. Even though the broader market sold-off yesterday, we're looking for the market to close lower in order to trigger some new etf trading signals. Why trade etfs? John Nyaradi, in an article at TradingMarkets.com, shares his 8 Reasons to Trade ETFS and what they......
• 09/13 - ETF Trading - No Trades Today Late-day buying pushed the broader market higher yesterday. SPY has moved back into a neutral trading area - see the RSI 2. And since the broader market is below its 200 day moving average, we'll patiently wait for a continued stock market rebound to trigger some new short etf trading......
• 11/28 - ETF Trading - No Trades Today I hope everyone had a relaxing Thanksgiving Holiday weekend. Let's get back to looking at what the markets may offer this week. We'll make no trades today. The broader market is severely over-sold and due for a rebound (see the updated chart for SPY below - notice how low the......

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ETF Trading – USO, UCO, EWH, IWM, UWM

We closed three winning trades on Friday, making for a profitable holiday weekend!

For EWH, we took our profits on Friday, at the market close, as the RSI(2) moved above 70. Our gains were 3.43% for this exit signal.

For IWM and UWM, we took our profits on Friday, at the market close, as the RSI(2) moved above 70 for these etfs, as well. Our gain for IWM was 2.36% and our trading gain for UWM was 4.81%

For those trading USO and UCO, we’re still in the trade looking for the RSI(2)>70 signal. Recall that last week, traders who exited on the (MA)5 signal made some nice gains.

All of these trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading. All trades are at the market close.

Join me every day as I offer new etf trading ideas for you to follow.

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.

• 11/3 - ETF Trading - IWM, UWM, EWC, EWT, EWY At the risk of sounding like a broken record, you have full trading positions for any or all of the etfs we've been following the past week and a half - IWM, UWM, EWC, EWT and EWY. Now, we're just exercising some patience as we wait for the market to......
• 10/06 - ETF Trading - FXI, SPY, SSO Good morning. Another winning etf trade as FXI moved higher yesterday. We took our gain as the price moved higher than the MA(5). SPY and SSO moved higher yesterday, so we did not enter the trades. We'll wait for the next market correction for new trading opportunities. All of these......
• 10/26 - ETF Trading - IWM, UWM, EWC, EWT, EWY Prices for IWM, UWM and EWC moved lower at the close on Friday. As a result, we scaled-in to our second position. Should the market move higher from here, exit the trade at the market close when the etf price is greater than the MA(5), or - for a potentially......

• TradeMONSTER for Online Stocks, Options, ETFs, Mutual Funds and Bonds Trading. It's been a while since I've done any research into online brokers, but here's a new one worth checking out: TradeMONSTER. TradeMONSTER is an online options broker, but they also cover all the basic trades for stocks, ETFs, mutual funds and bonds. They have a  heavy emphasis on providing educational......
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• 7 Online Discount Brokers That Offer Stock Trades for $7 Or Less This article comes from DR at The Dough Roller, a blog about how to make more money, spend less, and invest the rest. As investors have become more and more comfortable trading stocks and options over the Internet, a number of online discount brokers have entered the market. Zecco was......

ETF Trading – USO, UCO, EWH, IWM, UWM

Markets rebounded yesterday, and look to rebound this Friday, based on morning futures (7:30am).

For those who are playing the USO / UCO trade, looking for the RSI(2)>70 signal, we’re patiently waiting for our exit signal to trigger. Recall that earlier in the week, traders who exited on the (MA)5 signal made some nice gains.

For EWH, you took a small gain yesterday as the closing price moved above the (MA)5. If you’re waiting on the RSI(2)>70 signal, you’re still in the trade.

Finally, for IWM / UWM, we’re patiently waiting on our exit signals to trigger.

All of these trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading. All trades are at the market close.

Have a nice holiday weekend!

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.

• 10/30 - ETF Trading - IWM, UWM, EWC, EWT, EWY Same story as yesterday. We're now into a full trading position for all of the etfs we've been following the past week - IWM, UWM, EWC, EWT and EWY. We've scaled-into three trading positions for each etf over the past several trading days. We're just waiting for the market to......
• 01/07 - ETF Trading - Why Trade ETFs? No trades today. The broader market remains overbought - see the high RSI(2) value on the chart for SPY below. Some of the sector indices are starting to turn over. However, we'll wait for a stock market pull-back to trigger our etf trading signals. Why trade etfs? John Nyaradi, in......
• 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......

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• Exchange Traded Funds a.k.a ETFs It’s time for another investment post in the My First Portfolio series.  I hope you have enjoyed reading about Mutual Funds, Stocks , and Dividends.  Today we are going to discuss another type of investment option that is available for our investment portfolios. Exchange Traded Funds are also known as......
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ETF Trading – USO, UCO, EWH, IWM, UWM

Markets moved a bit lower on Wednesday, allowing us to, again, scale-in to our current etf trades. Let’s review the details.

For those who were playing the USO / UCO trade, looking for the RSI(2)>70 signal, you scaled into your third position at the close yesterday. Oil is up this morning, so maybe we’ll get a nice move up on our trade. You might consider exiting the trade on the (MA)5 signal.

For EWH, we’re fully invested and holding until the exit signals trigger.

Finally, We took our second position in IWM / UWM. Consider adding to the position should these etfs close lower today.

All of these trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading. All trades are at the market close. Please trade responsibly!

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.

• 10/14 - ETF Trading - No Trades Today The broader market is severely overbought with yesterday's rally - see the updated chart for SPY and notice the high RSI(2) level. We'll wait for a market pull-back to trigger our etf trading signals. How do I find our etf trading candidates? I use a simple stock screener (stockfetcher.com) and......
• 10/22 - ETF Trading - IWM, UWM, EWC Yesterday's late day sell-off gave us the etf trading signals we were seeking. We have our first trading position in these etfs - IWM, UWM and EWC. Take your second long position at the market close, should any of these etfs move lower today. We did not take a trading......
• 07/26 - ETF Trading - Off for Vacation I'll not be following the market action this week. It's time for summer vacation. We'll pick up the action again on August 2. How do I find our etf trading candidates? I use a stock screener (stockfetcher.com) and plug in the formulas from High Probability ETF Trading. Then, every morning......

• What Does it Mean When an ETF Jumps the Track I was reading Investment Advisor Magazine the other day when I saw an article titled, “Despite Growth, More ETFs ‘Jump the Track’” and I thought to myself how could an ETF jump the track? Is that like jumping the shark?  Well, as it turns out the term, jump the......
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ETF Trading – USO, UCO, EWH, IWM, UWM

Tuesday’s sell-off provided some opportunities to scale in to our current etf trades. Let’s review the details.

For those who were playing the USO / UCO trade, looking for the RSI(2)>70 signal, we’re a bit behind in the count. Hopefully you scaled into a second position at the close yesterday. Let’s play the trade until the exit signals trigger.

For EWH, we took our third and final position yesterday. Hold until the exit signals trigger.

We took our first position in IWM / UWM. Consider adding to the position should these etfs close lower today.

All of these trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading. All trades are at the market close. Please trade responsibly!

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.

• 02/16 - ETF Trading - No Trades Today Good morning. My stock screener (stockfetcher.com) is telling me that we have no etf trading opportunities today. Markets are in transition. A stock market pull-back will trigger some new etf trading signals. An updated chart of SPY is posted below. Once we enter an etf trade, we won't always take......
• 12/2 - ETF Trading - No Trades Today Good morning. My stock screener is telling me that we have no etf trading opportunities today. Markets are moving toward an overbought condition. We'll wait for a stock market pull-back to trigger some new entry signals. Once we get an etf trading signal, we won't always take just one trading......
• 06/30 - ETF Trading - No Trades Today That was some sell-off yesterday. The broader market is definitely oversold (see the updated chart for SPY below - notice the low RSI(2) reading). And since the broader market is below its 200 day moving average, we'll patiently wait for a stock market rebound to trigger some new etf trading......

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