ETF Trading – SLV, EWJ

OK, lets’s get started trading.

Based on the strategies found in High Probability ETF Trading, we have 2 trading candidates today:

  • SLV
  • EWJ

Both stocks are above their 200 day moving average, and with RSI(2) scores below 3, this suggests that these etfs are oversold. Look to enter a position at the market close if these etfs move lower today.

SLV has been down 6 days in a row – odds favor a bounce sometime soon.  Traders of SLV could also trade AGQ.

90713 slv

90713 ewj

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.

Bookmark and Share
Blog Traffic Exchange

Related Posts
  • 12/23 - ETF Trading - FXI Good morning. The main stock market indices moved higher yesterday, but not FXI, as it retreated just a bit. We're patiently waiting for FXI to move higher from here; our exit signal is triggered when the RSI(2) of the closing price is greater than 70. While we're waiting for FXI......
  • 10/14 - ETF Trading - Still No Trades Even with the flat close yesterday, this stock market remains overbought (see the chart of SPY I've posted). As such, I have no new etf trades to suggest. I know our trading system can be boring at times, but patience is our goal. We'll wait for a stock market pull-back......
  • ETF Trading - GLD, FXE Nice - GLD and FXE moved higher still on Friday! You took your stock trading gains based on the exit strategies found in High Probability ETF Trading.  You doubled your take on gold if you chose to trade UGL! Let's patiently wait on a market pull-back for more profit taking......
Blog Traffic Exchange

Related Websites
  • Why Leveraged ETFs Are Bad Investments There has been an explosion of ETFs over the years and have been a viable option as opposed to traditional mutual funds. Lately, there has been an emergence of 2x and 3x leveraged ETFs as well. I myself started to dabble in trading a couple of ETFs to play the......
  • How soon will Internet TV take off as a stock market investment? How long do you think it will take for Internet TV to take off as a stock market investment? Given that a lot of people are likely to get their TV over the internet and virtually anyone will be able to set up a TV station, how do you see......
  • Where Have All the People Gone? When companies advertise their services or goods they are looking for just one end result - sales. It's a simple straightforward concept - it's business. However, as companies expand and conduct more and more trade online the personal touches can all but disappear.It seems these days that every inanimate......