ETF Trading – USO, UCO, EWH, IWM, UWM

Markets moved a bit lower on Wednesday, allowing us to, again, 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, you scaled into your third position at the close yesterday. Oil is up this morning, so maybe we’ll get a nice move up on our trade. You might consider exiting the trade on the (MA)5 signal.

For EWH, we’re fully invested and holding until the exit signals trigger.

Finally, We took our second 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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