Posts Tagged ‘sco’

ETF Trading – USO, SCO, TIP, GLD, FXE

Wow – nice gains on SCO! Shorting USO also produced gains when using the RSI exit strategy.

TIP continued to pull back yesterday – we’re into the second long unit.

GLD and FXE also moved lower yesterday. You should be into your first long unit if you’re trading these etfs. GLD traders should also consider UGL.

This weekend, I hope to give you a monthly wrap-up of the stock trades we made this month. These trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading.

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.

• 02/26 - ETF Trading - No Trades Today - Results for February Though the market sold off yesterday, it remains in neutral territory (see the updated chart of SPY below). Let's wait for more stock selling to trigger some new etf trading signals. What are the signals and strategies I use for etf trading? They're found in High Probability ETF Trading -......
• 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......
• 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......

• The Ten Rules for Forex Trading Dos in Forex Trading 1. When trying out a new trading strategy, always test it in a demo account, or with a small amount of money, before you commit more money to it. 2. Always keep a record of each of your trades, with details of: why you got......
• Are ETFs a Good Way to Create Secondary Streams of Income? ETFs, or Exchange Traded Funds, are all the rage in the investment world, but so far, they really don’t have much of a track record. This is a fairly new method for investing and the long term data just isn’t there to determine how effective these investments can be over......
• Best Trade of 2009 Almost exactly a year ago, I mentioned a paired-trade between the long-term Bond ETF (TLT) and short-term corporate/sovereign bond ETF (AWF).  I went long AWF and shorted an equal dollar amount of TLT. Last week, I closed the position after holding it for just over a year. When I entered......

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 when the RSI(2) falls below 30 (USO was a short trade). As such, you could still be in the trade with the opportunity to still profit!

SCO has still not moved above it’s MA(5). With the price of oil down this morning, perhaps a large decline in oil today will produce a winning etf trade with SCO.

Other etfs to watch today include GLD and FXE, though the results for commodity and currency etf trades are not as predictable as country and market etfs. You could take initial long positions should these close lower today.

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.

• ETF Trading - AGG, EWT, EWC, GLD AGG moved higher yesterday, and you took your gains at the market close! EWT retreated yesterday. We'll patiently wait for our exit signal in order to take our gains. Among my "watch list" suggestions yesterday, EWC and GLD turned out to be the most promising. Perhaps you took your first......
• 03/08 - ETF Trading - No Trades Today Good morning. You've come to the right place - only the format has been changed! The broader market remains over-bought. Notice the high RSI(2) reading for SPY - see the updated chart below. We'll wait for another stock market sell-off to trigger some new etf trading signals. What are the......
• ETF Trading - USO, UCO, EWH, IWM, UWM Tuesday's sell-off provided some opportunities to scale in to our current etf trades. Let's review the details. For those who were playing the USO / UCO trade, looking for the RSI(2)>70 signal, we're a bit behind in the count. Hopefully you scaled into a second position at the close yesterday.......

• The Importance of Diversification We all know that if we want to have any sort of true wealth we must do much more than work and put our money under a mattress. We all know that we have to do some investing, but if you invest without understanding, you are probably better off shoving......
• Stocks are a Great Investment /caption] Most people recognize that stocks are an excellent investment, but purchasing stocks can be a confusing process. This is especially true if you have little experience in investing, or no experience at all. You can turn the stock buying process into a good investment even as a beginner, and......
• The entire $AIG research bag | socialone.info Another AIG update Posted on September 9, 2009. Filed under: Financial Markets, Global, TARP, US | Tags: Meltdown, RBS, AIG,Insurance, Aircraft Leasing, ILFC | Edit This As the world’s largest Aircraft Lessor, ILFC is still in play with a mountain of debt which was $17 billion even 12 months ago. ILFC and General Electric Co.’s GE Commercial Aviation Services, the world’s largest......