ETF Trading – USO, UCO, EWH, IWM, UWM

Tuesday’s sell-off provided some opportunities to scale in to our current etf trades. Let’s review the details.

For those who were playing the USO / UCO trade, looking for the RSI(2)>70 signal, we’re a bit behind in the count. Hopefully you scaled into a second position at the close yesterday. Let’s play the trade until the exit signals trigger.

For EWH, we took our third and final position yesterday. Hold until the exit signals trigger.

We took our first position in IWM / UWM. Consider adding to the position should these etfs close lower today.

All of these trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading. All trades are at the market close. Please trade responsibly!

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