ETF Trading – FXI, SPY, SSO

Ok – FXI closed lower yesterday, so we took our first long position in the etf. Should FXI close lower today, consider taking a second position; otherwise, take your trading gains on the exit signals.

With such a large sell-off yesterday, many new trading signals fired! Today, we’ll focus on SPY. Take your first long position should SPY close lower today.

You could also trade SSO. SSO seeks daily investment results, before fees and expenses, that correspond to twice the daily performance of the S&P 500 index.  Please trade responsibly!

etf-trading-fxi-90818

etf-stock-trading-spy-90818

etf-stock-trading-sso-90818

These trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading.

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.

Blog Traffic Exchange

Related Posts
  • 09/16 - ETF Trading - SPY, SH, SDS SPY closed higher yesterday and you took your first short position in the etf trade. For the inverse trade, you took your first long position in SH or SDS. Updated charts are posted below. As mentioned yesterday, we'll scale in with up to three 3 positions. So, take a second......
  • 10/07 - ETF Trading - FXI Good morning. We took a nice 2.98% gain as FXI moved higher still yesterday, exiting the trade on the RSI(2)>70 signal. Recall that we entered the position on 9/24 and then scaled-in to the trade over the past week - all for a nice gain! No other trades to suggest......
  • 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......
Blog Traffic Exchange

Related Websites