ETF Trading – SLV, EWJ, EWY
Nice move on SLV yesterday (AGQ, too)! Too bad we didn’t get into this trade last Friday.
If you got into the trade intraday, take your stock trading gains at the market close today provided the stock price moves above it’s 5 day moving average.
EWJ started a small move. Again, too bad we didn’t take the trade last Friday. However, if you took the trade intraday, lock your gains when the stock price moves above it’s 5 day moving average.
Today’s prospect is EWY. Scale into a position at the market close should the price fall below yesterday’s close of 34.70.
These trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading.
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