Posts Tagged ‘eww’

9/29 – ETF Trading – FXI, EWW, USO, UCO, XLU, UPW

Good morning. We took trading gains yesterday as half of our etf stock picks from last Thursday (9/24) triggered their exit signals. All of these etf trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading. All trades are at the market close.

Here’s where you should be:

FXI, EWW – Country ETFs: These moved higher yesterday, and we took our gains on EWW – a nice 2.83% for sitting in the market for 2 days! We’ll patiently wait for FXI to make a move.

USO, UCO – Commodity ETFs: These both moved higher yesterday, but not enough to trigger our etf trading exit signals.

XLU, UPW – Sector ETFs: These both moved higher yesterday and we took our gains. We took only a small .76% gain for XLU, but it’s still a gain. For UPW, we took a gain of 1.76%. Again, these gains are for sitting in the market for just 2 days.

So we’re left with FXI, USO, and UCO. Our etf trading strategy is to buy additional positions should any of these etfs move lower than our initial entry price. Otherwise, our exit signals are a closing price greater than MA(5) or the RSI(2)>70. It’s your call on which exit signal to use.

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

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.

• 10/30 - ETF Trading - IWM, UWM, EWC, EWT, EWY Same story as yesterday. We're now into a full trading position for all of the etfs we've been following the past week - IWM, UWM, EWC, EWT and EWY. We've scaled-into three trading positions for each etf over the past several trading days. We're just waiting for the market to......
• 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......
• 10/01 - ETF Trading - FXI, USO, UCO Wow! We took some big gains on USO and UCO, yesterday. Our gain on USO: +6.54%. Our gain for UCO: +11.99%. Recall that we took our entry positions at the market close on 9/24. For FXI, the closing price moved lower than our entry price, so you added a second......

• Why I Use Scottrade For My Brokerage Account. The other day I alluded to the fact that while my individual stock-trading days are over, I still do own quite a lot of shares in companies that need to be kept somewhere. I mentioned this in that post because a reader emailed me the other day asking where my......
• Buying and Selling Stocks 101 When it comes to investing in stocks, most people predominantly rely on mutual funds. Mutual funds are a type of professionally managed investment pool that allows you to cast your lot along with thousands of other investors at the same time. Mutual funds are a truly wonderful way for you......
• Jim Cramer's 10 commandments of stock trading. Here are some tips for trading stocks (NOT investing!) based on Jim Cramer's 10 Commandments of Stock Trading as covered in his book: Jim Cramer's Real Money: Sane Investing in an Insane World. 1. Never turn a trade into an investment. Know thy purpose. You must approach the purchase......

9/28 – ETF Trading – FXI, EWW, USO, UCO, XLU, UPW

Good morning. Friday’s stock trading action gave us just a few opportunities to scale into our etf trades. Here’s where you should be:

You should be long in the first position for any of the following etfs that I listed last Thursday (9/24).

FXI, EWW – Country ETFs: These moved higher on Friday, but not enough to trigger our exit signals. We’ll patiently wait for the market to make a move. (The highlighted bar in the charts shows today’s etf trading action.)

USO, UCO – Commodity ETFs: A bit of divergence here with USO moving a bit higher and UCO moving a bit lower. Per our rules, that means holding steady on USO and buying an additional position on UCO. However, in my own opinion, when there is divergence between an index etf and a leveraged copy of the index etf, I would follow the signals from the index etf – USO in this example. So, since USO moved higher on Friday, we’re invested only in the intial positions we took for USO and UCO on Thursday.

XLU, UPW – Sector ETFs: These moved lower on Friday. You should have added a second trading position in these etfs.

Our etf trading strategy is to buy additional positions should any of these etfs move lower than our initial entry price. Otherwise, our exit signals are a closing price greater than MA(5) or the RSI(2)>70. It’s your call on which exit signal to use.

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 strategies for you to follow.

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.

• ETF Trading - TIP, USO, SCO, GLD, FXE The signals for TIP triggered yesterday - we're into the first long unit. USO closed below it's MA(5). Per the rules we've been following, this resulted in a losing trade (it's High Probability ETF Trading - not "guaranteed results" trading). Another exit strategy to consider is to exit the trade......
• 11/17 - ETF Trading - USO, UCO Wow, nice one day gain on USO and UCO. We gained 2.99% on USO and 6.24% on UCO! We took our gains yesterday at the market close as the closing prices for these etfs moved higher than their 5 day moving average and the RSI(2) moved above 70. Recall that......
• 11/18 - ETF Trading - No Trades Today - Scale-in Strategies Good morning. My stock screener is telling me that we have no etf trading opportunities today. We'll wait for a stock market pull-back to trigger some new entry signals. We had a great one-day trade on USO and/or UCO - see yesterday's post. We took only one position in the......

• Using Search Engine Optimization For Your Website Marketing The process of Search Engine Optimization (SEO) has gained popularity in recent years as a mean to reach target audiences through improved web site positioning in search engines. However, few have an understanding of the SEO methods employed in order to produce such results. The following tips are some basic......
• Canadian Stocks Composing the S&P/TSX 60 If you want to quickly analyse the broad spectrum of the Canadian economy, take a look at the S&P/TSX 60.  While not the full representation of Canadian companies that make up the S&P/TSX Composite Index (although these companies are also represented in the Composite Index), it is nevertheless easier to......
• 20 Questions to Ask Yourself Before Choosing an Online Discount Broker This weekend, I had a long conversation with someone who had -- like many -- never opened a brokerage account with an online discount broker. Her trading needs were quite simple, and in the end, we decided the best thing for her to do is open an account with......