ETF Trading – USO, UCO, EWH, IWM, UWM

We closed three winning trades on Friday, making for a profitable holiday weekend!

For EWH, we took our profits on Friday, at the market close, as the RSI(2) moved above 70. Our gains were 3.43% for this exit signal.

For IWM and UWM, we took our profits on Friday, at the market close, as the RSI(2) moved above 70 for these etfs, as well. Our gain for IWM was 2.36% and our trading gain for UWM was 4.81%

For those trading USO and UCO, we’re still in the trade looking for the RSI(2)>70 signal. Recall that last week, traders who exited on the (MA)5 signal made some nice gains.

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.

Join me every day as I offer new etf trading ideas for you to follow.

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