Posts Tagged ‘iyr’

ETF Trading – XLI, SIJ, IYR, SRS

XLI closed higher, yesterday. And even though it closed above it’s 200 day moving average (in violation of the guidelines set forth in High Probability ETF Trading), this etf, nevertheless, looks overbought and due for a correction.

The same applies for SIJ (inversely).

I added the 50 day moving average on the charts – I find the MA(50) helpful in finding the sub-trend of the larger trend and direction of the stock price.

Take a look at IYR today. Should it close higher, I might short the stock. You could also take a long position in SRS (the double inverse etf). On a related note, read this post by Mike Shedlock. I really don’t think real estate is going to get better any time soon.  Your thoughts?

XLI – Look how the stock price bounced off the MA(50) – resistance?

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

• 03/03 - ETF Trading - FXI, FXP Good morning. FXI moved higher yesterday and you took your second short position in the etf trade. Take your third short position should FXI close higher today. Otherwise, our exit signals are triggered when the etf price closes lower than it's MA(5), or - for a potentially larger gain -......
• 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......
• 02/11 - ETF Trading - Stock Screening The market is in neutral territory. See the updated chart of SPY below. Let's wait for a stock market pull-back to trigger some new etf trading signals. How do I find etf trading candidates? I use a simple stock screener (stockfetcher.com) and plug in the formulas from High Probability ETF......

• How to earn more money Trading Stocks Online After a year long trial run with Ameritrade, Etrade, and Scottrade, I have finally decided to only invest using Scottrade's online stock trading service. Ameritrade's stock support and Etrade's customer service were lousy at best but with Scottrade I was able to speak with a local agent or stop......
• 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......
• Just How Safe is Your Money Right Now? Even after the government took the opportunity to step in and bail out one of our largest insurance companies, the stock market still managed to find a way to completely tank, because many investors were not persuaded that this intervention was going to protect their investments. This is when you......