ETF Trading – USO, SCO
There are no new etf trading opportunities to suggest today. We’re patiently waiting for the stock market to change course and provide us with new stock trading opportunities.
We’re also patiently waiting to take our gains on USO and/or SCO. Take your gains when the closing price of USO closes below it’s 5 day moving average. For SCO, you’ll take your gains when the stock price closes above it’s 5 day moving average.
Updated stock charts are posted:
These trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading.
Related Posts
- 06/07 - ETF Trading - Gains on USO, SCO Nice gains on the short oil trade - another winning trade. Our etf exit signals triggered for USO and SCO. We gained 4.75% shorting USO and we gained 9.40% on SCO - all in a 5 day trade! All trades were at the market close. Updated charts are posted below.......
- 06/14 - ETF Trading - USO, SCO, FXI, FXP USO closed lower on Friday. As such, you did not take a second short trading position in USO, nor a second long trading position in SCO. Take second trading positions only if the closing price of USO moves higher than our entry price. FXI closed higher on Friday and you......
- 01/07 - ETF Trading - SLV, AGQ Good morning. SLV closed lower yesterday and you took your second position in the etf trade. Likewise for the leveraged etf trade in AGQ. Should SLV close lower today, take your third and final position in the trade. Otherwise, our etf exit signals are triggered when the etf price is......
Related Websites
- Are ETFs a Good Way to Create Secondary Streams of Income? ETFs, or Exchange Traded Funds, are all the rage in the investment world, but so far, they really don’t have much of a track record. This is a fairly new method for investing and the long term data just isn’t there to determine how effective these investments can be over......
- Guess Who's Betting On Inflation! If you've been reading the popular press for the past 6 months, there's been a slew of articles talking about deflation. I've been somewhat skeptical of the long term probability of deflation and have been investing in gold and commodities in anticipation of inflation. Looks like I was a......
- Trading & Investing Strategies for the Current Environment This guest post comes from Kevin at 20smoney.com, a blog covering financial topics such as investing, money management and the development of income streams. Despite the fact that most people tend to think that a market that has already booked a 60%+ rally is a great time to be invested......
Good morning, Seth.
I appreciate you turning me on to Stockfetcher. I noticed something yesterday that is unrelated to ETFs. Looking at the 13 x 50 Moving Average page – I noticed that after yesterday’s session that about 24 stocks had bullish cross overs and there were no bearish cross overs.
Looks like today, there may be 20 or so more bullish cross overs and either side of 5 bearish cross overs. I don’t know if such disparities mean a lot for the general market, but maybe something to keep in mind. I figure on the way down last summer and into the fall – it was the opposite. Probably days of 30 or so bearish cross overs and few if any bullish cross overs.
Food for thought.
RBB
It’s a great tool! I’m sure all the bullish crossovers you refer to suggest that this market, in general, may go higher – but I might wait for a pullback!