ETF Trading – USO, SCO

Same ol’ story.  Follow my notes from yesterday.  I’ve posted updated charts.  Take your gains at the close of the stock market trading day should USO move below it’s MA(5) or should SCO move above it’s MA(5).

Otherwise, we’re just waiting on a market pull-back so that we can take some long etf stock trading positions .

• 10/13 - ETF Trading - USO, SCO A repeat of the previous day, USO closed lower yesterday. As such, we did not take a second short position in the etf trade. And using the signals for USO to trade SCO, we did not take a second trade in SCO. Updated charts are posted below. We may scale......
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• 10/07 - ETF Trading - USO, SCO USO closed modestly higher yesterday. We have a full, short trading position and we're patiently waiting for sell-off to trigger our exit signals. Our exit signals are triggered when the closing price for USO is lower than it's MA(5), or - for a potentially larger gain - when the RSI(2)......

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