9/29 – ETF Trading – FXI, EWW, USO, UCO, XLU, UPW

Good morning. We took trading gains yesterday as half of our etf stock picks from last Thursday (9/24) triggered their exit signals. All of these etf trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading. All trades are at the market close.

Here’s where you should be:

FXI, EWW – Country ETFs: These moved higher yesterday, and we took our gains on EWW – a nice 2.83% for sitting in the market for 2 days! We’ll patiently wait for FXI to make a move.

USO, UCO – Commodity ETFs: These both moved higher yesterday, but not enough to trigger our etf trading exit signals.

XLU, UPW – Sector ETFs: These both moved higher yesterday and we took our gains. We took only a small .76% gain for XLU, but it’s still a gain. For UPW, we took a gain of 1.76%. Again, these gains are for sitting in the market for just 2 days.

So we’re left with FXI, USO, and UCO. Our etf trading strategy is to buy additional positions should any of these etfs move lower than our initial entry price. 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.

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

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