9/24 – ETF Trading – FXI, EWW, USO, UCO, XLU, UPW

Good morning. Yesterday’s market sell-off gave us some trading signals and possible  entry points.

Today we’ve got country etfs, commodity etfs and sector etfs to potentially trade. Per the strategies of High Probability ETF Trading, country etfs are the most consistent in results.

For country etfs, put FXI and EWW on your watch list today, and take an intial position should either one of these close lower.

The iShares FTSE/Xinhua China 25 Index Fund (FXI) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE/Xinhua China 25 Index.

The iShares MSCI Mexico Investable Market Index Fund (EWW) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Mexican market, as measured by the MSCI Mexico Investable Market Index.

For commodity etfs, put USO on your watch list today and take an initial position should it close lower. You can also trade the leveraged etf UCO.

USO seeks to reflect the performance, less expenses, of the spot price of West Texas Intermediate (WTI) light, sweet crude oil.

ProShares Ultra DJ-UBS Crude Oil (UCO) seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the Dow Jones—UBS Crude Oil Sub-Index.

Finally, a sector etf to trade is XLU. Take an intial position should this close lower today. For a leveraged play, consider UPW.

The Utilities Select Sector SPDR (XLU) invests primarily in companies that produce, generate, transmit or distribute electricity or natural gas.

ProShares Ultra Utilities (UPW) seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the Dow Jones U.S. Utilities IndexSM.

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.

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