9/25 – ETF Trading – FXI, EWW, USO, UCO, XLU, UPW

Good morning. Yesterday’s market sell-off gave us the etf buying signals we were looking for!

You should be long in the first position for any of the following etfs that I listed yesterday:

FXI, EWW – Country ETFs

USO, UCO – Commodity ETFs

XLU, UPW – Sector ETFs

Our etf trading strategy is to buy a second position should any of these etfs move lower today. Otherwise, our exit signals are a closing price greater than MA(5) or the RSI(2)>70. It’s your call on which exit signal to use.

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 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.

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