ETF Trading – USO, SCO

As I read the market news this morning, oil is up to nearly $65.

Put USO on your watch list today. You may consider taking the first short position today should it close higher than Friday’s close.

You can also short USO by taking a long position in SCO. Take an initial position should it close lower than Friday’s closing price. SCO seeks to replicate, net of expenses, twice the inverse daily performance of the Dow Jones AIG Crude Oil Sub-Index.

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.

• 05/02 - ETF Trading - FXI, XPP FXI closed lower by a penney on Friday and you took your first long position in the etf trade. An updated chart is posted below. As we discussed on Friday, we'll scale in with up to three 3 positions. So, take a second trading position should FXI close lower today.......
• 02/01 - ETF Trading - No Trades Today Our etf trading signals for SPY did not trigger yesterday. We'll make no trades today. The broader market closed higher yesterday. The chart for SPY shows just how over-bought the market is (see the updated chart for SPY below - notice the very high RSI(2) reading). We'll wait for a......
• 03/15 - ETF Trading - XLE, DIG XLE closed higher yesterday, but still not enough to trigger our exit signals. Updated charts are posted below. Take a third trading position should XLE close lower than 73.83 - trade DIG on this signal for the leveraged trade. Otherwise, our exit signals for XLE are triggered when the etf......

• 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......
• Selling By Yourself By Using Your Article Advertising When it comes to promoting yourself, there is no greater solution to pull it off than writing posts. By submitting well-written, useful articles or blog posts to on the web publishers, you can grow to be an authority figure in the industry and be regarded as the one to go......
• How to Invest in a Specific Industry or Technique Without Being Super Wealthy I was reading the June issue of Registered Rep Magazine this week when I came across two back to back articles about Exchange Traded Funds (ETFs) both were pretty shocking just because I apparently don’t know much about the topic.  The first article highlights concentrated ETFs and the second article......