Posts Tagged ‘agq’

ETF Trading – SLV, AGQ, EWY, XLI, SIJ

If you took the intraday stock trade on SLV or AGQ on Monday, you should have exited the trade at the market close yesterday. Each etf closed above it’s 5 day moving average for nice gains.

We did not get into EWY yesterday, as it did not close lower than it’s closing price on Monday.

However, if you took the short trade on XLI, you got in at the closing price of 21.56. Should the price close higher today, short a second position. We want to exit the trade when the price falls below it’s 5 day moving average at the close.

If you couldn’t short XLI, you could have taken a long position on SIJ – a double inverse etf to XLI. SIJ closed at 44.70 – lower than it’s Monday close. Enter a second position should it close lower today. We want to sell when it closes above it’s 5 day moving average.

These trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading.

Disclaimer:The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

• 06/04 - ETF Trading - USO, SCO Markets continued to move higher yesterday and so did oil. We're still waiting for our etf exit signals to trigger for our short trade in USO. The inverse, leveraged etf trade is in SCO. Our etf exit signals are triggered when the closing price for USO is lower than it's......
• 04/05 - ETF Trading - No Trades Today The broader market is back to a short term over-bought condition. Notice the high RSI(2) reading for SPY - see the updated chart below. So why not go short here? Our rules tell us to short an etf only when the etf price is less than it's 200 day moving......
• ETF Trading - SLV, EWJ, EWY Nice move on SLV yesterday (AGQ, too)! Too bad we didn't get into this trade last Friday. If you got into the trade intraday, take your stock trading gains at the market close today provided the stock price moves above it's 5 day moving average. EWJ started a small move.......

• Are Stocks A Better Investment Than Real Estate? According to this article in Money Magazine, stocks are a better investment, based on a study taking in account the years 1978 to 2004.While there are some valid points favoring stocks over real estate, I think it was a one sided arguement.Why choose a period where the stock market did......
• HOWTO trade commission-free with WellsTrade I recently consolidated all my assets from various brokers to WellsTrade. I actually had 5 different brokers! Since trading in ETFs is a part of my investing strategy, I needed to pay close attention to trading costs. Each $7 I pay in trading commission could potentially mean $24 in 15......
• Forex Trading: Historical Currency Price Chart - Why Is It Important To Me? Short term trading as commonly known as day trading strategy is the most forex traders strategy. Day trading are consider to be more psychologically excited and more profitable compared to long term trading strategy as it can be done frequently. Personally, i'm agree with that. Eventhough, day trading is not......

ETF Trading – SLV, EWJ, EWY

Nice move on SLV yesterday (AGQ, too)! Too bad we didn’t get into this trade last Friday.

If you got into the trade intraday, take your stock trading gains at the market close today provided the stock price moves above it’s 5 day moving average.

EWJ started a small move. Again, too bad we didn’t take the trade last Friday.  However, if you took the trade intraday, lock your gains when the stock price moves above it’s 5 day moving average.

Today’s prospect is EWY. Scale into a position at the market close should the price fall below yesterday’s close of 34.70.

These trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading.

Disclaimer:The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

• 9/17 - No Trades Today Markets remain overbought by our measures. We're still patiently waiting for a market pull-back to trigger our stock trading entry signals. From our watch list, EWJ moved higher yesterday, so we did not enter the trade. All of the signals and strategies I use are found in the book by......
• ETF Trading - USO, SCO There are no new etf trading opportunities to suggest today. We're patiently waiting for the stock market to change course and provide us with new stock trading opportunities. We're also patiently waiting to take our gains on USO and/or SCO. Take your gains when the closing price of USO closes......
• 12/11 - ETF Trading - USO, UCO, FXI We're into a full trading position for USO, and/or UCO. FXI moved a bit lower yesterday, and we scaled into a second trading position. Take a third trading position if FXI closes lower still. Otherwise, we'll wait for the market to move higher from here. Our exit signals are triggered......

• The Psychology of Bubbles: Using Hindsight to Examine Why We Bought into the Hype I've been pounding the table pretty hard on investment bubbles lately. Probably because in the last decade, I've experienced more popped bubbles than I care to remember. Or perhaps it's that I'm constantly amazed by the herding behavior of humans. After all, we're not that different from the rest of......
• Great Debates: ETFs vs. Index Funds It's been a while since I've done any Great Debates; for all the disagreement and squabbling about individual investments and the direction of the country that you hear, there's a surprising amount of uniformity as to what constitutes sound investment advice. Invest early, invest often, don't spend too much time......
• How Do Closed End Bond Funds Differ From Conventional Bond Funds? Closed end bond funds are investment companies that sell shares directly to investors.  The proceeds of the sale are then invested by a professional bond fund manager in accordance with the fund’s stated objective. The fund manager has full authority to purchase and trade assets into and out of the......

ETF Trading – SLV, EWJ

OK, lets’s get started trading.

Based on the strategies found in High Probability ETF Trading, we have 2 trading candidates today:

• SLV
• EWJ

Both stocks are above their 200 day moving average, and with RSI(2) scores below 3, this suggests that these etfs are oversold. Look to enter a position at the market close if these etfs move lower today.

SLV has been down 6 days in a row – odds favor a bounce sometime soon.  Traders of SLV could also trade AGQ.

Disclaimer:The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

• 10/14 - ETF Trading - Still No Trades Even with the flat close yesterday, this stock market remains overbought (see the chart of SPY I've posted). As such, I have no new etf trades to suggest. I know our trading system can be boring at times, but patience is our goal. We'll wait for a stock market pull-back......
• 10/20 - ETF Trading - EWJ, EWY Prices for EWJ and EWY moved higher yesterday. As such, our entry signal did not trigger and we did not enter the etf trade. We'll wait for a stock market pull-back to trigger some new entry signals. Updated stock charts are posted below. Want more information about how I trade......
• 04/15 - ETF Trading - Gains on USO, UCO Nice gains on the oil trade! Our etf exit signals triggered for USO and UCO. We gained 2.09% on USO and 3.55% on UCO. All in a 3 day trade! All trades were at the market close. Updated charts are posted below. You can download the spreadsheet for the etf......

• Want to Be an Active Investor? Try a Fantasy Stock Market Game First! So you want to be an active investor? Maybe you think you have what it takes to cash in like the daytraders from the late 1990s trading those high flying tech stocks.  Or perhaps you think you can ride the coattails of those evil oil speculators that pushed light sweet......
• Start You Forex Trading Education Today In Order To Succeed Tomorrow! Learning everything about the Forex market can be pretty challenging, but absolutely necessary for successful Forex trading. Maybe this is the reason why there are so many learning resources offered for new Forex traders. If you want to learn Forex, there are many options for you out there. You can......
• 10 Things Zombieland Taught Me About Stock Market Investing Zombieland looks like an insane movie.  There aren't many movies that are funny and based around Zombies taking over the world, but one other does come to mind. You may or may not like my lists when I relate something in pop-culture to money.  Recently I chose a James Bond......