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.

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