ETF Trading – USO, UCO

Oil retreated yesterday. Consider taking an initial position in USO if it closes lower today. All etf trades are at the market close.

You may want to trade UCO, instead. ProShares Ultra DJ-UBS Crude Oil (UCO) seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the Dow Jones—UBS Crude Oil Sub-Index SM.

Otherwise, we’re waiting on a pull-back in the market indices for new etf trading opportunities.

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

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• 11/16 - ETF Trading - USO, UCO Good morning. On Friday, USO moved lower and you took your initial position in the trade. For those playing the leveraged trade, you took the initial position in UCO. We did not enter the trade on EWZ, as it moved higher on Friday. Should USO/UCO move lower today, take the......
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