Archive for December, 2009

12/28 – ETF Trading – No Trades Today

Good morning. I hope you had a nice Christmas and holiday break.

The market drifted higher on lower volume last week – typical of holiday trading and a “Santa Claus” rally. However, the major indices remains overbought as shown in the chart of SPY I’ve posted. Notice the high RSI(2) value. We’ll wait for a stock market pull-back to trigger new etf trading signals.

All of the signals and etf trading strategies I use are found in the book by Larry Connors: High Probability ETF Trading. With only a few trading rules, 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.

• 02/12 - ETF Trading - No Trades Today I have no trades to suggest today today. The stock market has moved into an overbought position (see the chart of SPY I've posted - the RSI(2) has moved above 75). We'll patiently wait for the market to trigger our entry signals. In the meantime, get a quick lesson on......
• 05/11 - ETF Trading - Loss on EWH Our etf exit signals triggered for EWH. Unfortunately, we lost 4.12% on the trade. You win a lot of trades with high probability trading, but not all of them. All trades were at the market close. Updated charts are posted below. Here's a look at what we've done in previous......
• 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......

• Building a Personal Pension Like the Professionals I think one of the biggest problems that baby boomers are going to encounter is transitioning from accumulation to decumulation.   At 30 I am still young, but it has to be an odd feeling moving from the gathering of assets to partitioning which assets to spend and when.  I recently......
• What is the Fear Trade? Much like everyone else, Wall Street experiences the same basic emotions that all (or most) of us feel when news of an impending disaster (real or fearmongering) strikes. Why? Because there are real life human beings pushing the mouse buttons that execute the buy or sell orders during every......
• Junior Gold Miners ETF, the Bubble in Gold and What You Should Worry About Over the Weekend Is there a bubble in gold? Liz Weston thinks so.  And if you talk to Matt at Steadfast Finances, he'll be quick to agree. I'd concede there's definitely a boom or "bandwagon" effect happening with money flowing into gold right now, but I'm not convinced it can be called a......

Merry Christmas

Merry Christmas.

I want to wish you, your family and friends, a very Merry Christmas! It’s a special time of year, but one that I think we sometimes take too lightly. Please take some time, with your family and friends,  to reflect on the real reason for the season:

¹⁶For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. (John 3:16, King James Version)

Merry Christmas!

Seth

• The Layman's Guide To Trading Stocks The Layman's Guide To Trading Stocks Dave Landry has delivered the definitive text on profiting in the financial markets. In this book, he debunks market myths, reveals market truths, and teaches you to think and act like a trader. Mr. Landry also identifies what it takes to level the playing......
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• High Probability trading High Probability trading A common denominator among most new traders is that, within six months of launching their new pursuit, they are out of money and out of trading. High-Probability Trading softens the impact of this "trader's tuition," detailing a comprehensive program for weathering those perilous first months and becoming......

• We Get By With A Little Help From Our Friends As you know I currently live in Long Island. While planning my wedding a friend of mine introduced me to the website Long Island Weddings. In short it is a forum type setting which allows brides to come together to share and ask questions about everything pertaining to a wedding.......
• Baby's First Christmas I always knew that we'd have our little boy here for Christmas, but now that it's actually here I just can't believe it! I can't believe that this year we have a little child to share this special time of year with. Granted, he has ZERO clue what is going......
• How being in debt affects your family life In case you are in debt you should remember that the only thing that you must look for is how to get debt relief. However, it is also essential that you try not to get into debt in the first place. Rising debt does not only affect your financial and......

12/24 – ETF Trading – FXI

Good morning and Merry Christmas.

FXI moved higher yesterday, and we exited the trade on the RSI(2)>70 signal at the market close. Unfortunately, we took a 3.43% loss on the trade. Recall that we entered the position on 12/9 and then scaled-in to the trade over a several day period.

No other trades to suggest today. Markets close at 1 pm today. We’ll pick up the action on Monday.

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

Join me every day as I offer new etf trading strategies 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.

• 02/17 - ETF Trading - USO, UCO To review, we're into a full trading position for USO (and/or UCO). We've scaled-into three trading positions over the past several trading days. We're just waiting for USO to move higher from here. We got a good start yesterday with a small gain for the day. Our exit signals are......
• 04/09 - ETF Trading - No Trades Today No etf trades for today. The stock market is now bouncing around in neutral territory (see the chart of SPY I've posted). We'll patiently wait for the market to trigger our entry signals. Yes, etf trading can be a lot like fishing - at times just waiting for the fish......
• 12/10 - ETF Trading - USO, UCO, FXI With yesterday's close lower, we're into a full trading position for USO (and UCO). We've scaled into three trading positions over the past several trading days. From our watch list yesterday, FXI moved lower, and we scaled-into our first trading position. Take a second position in FXI should it move......

• Should You Use Free Blogging Sites? There are certainly many blogging sites online today. It has become the biggest trend in communications for business and for personal reasons. A blog is a wonderful business tool that allows you to build a presence online as an expert in your field and develop a following of loyal readers.......
• Closing Out JRCC In an earlier post on investing on news, I had sold puts on JRCC.Well JRCC was up sharply in the past few trading sessions. I closed out my position by buying back my naked puts and netted a 38% profit (sold the puts for 1.95 and bought them back for......
• Stash Cash for a Down Market If you are a baby boomer contemplating retirement, stock market gyrations are bad for your fiscal and mental health. A common reaction in recent years is to leave the market entirely and put your nest egg in cash and cash equivalents. Regular readers may recall that I agree with this strategy......