9/30 – ETF Trading – FXI, USO, UCO

Good morning. We’re still in our etf trades 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.

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.

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• 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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