10/26 – ETF Trading – USO, SCO
Our short trade in USO continues to drag on and is taking a bit longer than our usual trade. We have a full, short trading position and we’re patiently waiting for a sell-off and a move lower to trigger our exit signal. USO closed higher yesterday.
Our exit signal is triggered when the RSI 2 for USO is less than 30.
For the inverse leveraged trade in SCO, exit the trade following the signals for USO.
All etf trades are at the market close. Please trade responsibly.
Learn more about short etf trading strategies in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have just a few simple rules and you’ll be able to back-test and apply the strategies to the next trading day. Get your copy today and be ready for the next trading session.
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.
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- 10/28 - ETF Trading - FXI Put FXI on your watch list today. Take the first of 2 long trading positions should the etf close with an RSI(2) less than 10. We may take a second trading position in the next couple of days should FXI close lower still and its RSI(2) < 6. All trades......
- 07/01 - ETF Trading - No Trades Today Late-day selling pushed the market lower yesterday. The broader market remains oversold (see the updated chart for SPY below - notice the low RSI(2) reading). And since the broader market is below its 200 day moving average, we'll patiently wait for a stock market rebound to trigger some new etf......
- 10/08 - ETF Trading - Gains on USO, SCO A winning trade on our short oil trade, though our gain was small. Our etf exit signals for USO triggered yesterday and we took a gain of just 0.75%. The leveraged etf trade in SCO yielded a gain of nearly 1.00%. Updated charts are posted below. We have made 28......
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Categories: ETF Stock Trading Tags: sco, uso
10/25 – ETF Trading – USO, SCO
Nothing more than a repeat of yesterday. Our short trade in USO is taking a bit longer than usual. We have a full, short trading position and we’re patiently waiting for a sell-off and a move lower to trigger our exit signal. USO closed higher on Monday.
Our exit signal is triggered when the RSI 2 for USO is less than 30.
For the inverse leveraged trade in SCO, exit the trade following the signals for USO.
All etf trades are at the market close. Please trade responsibly.
Learn more about short etf trading strategies in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have just a few simple rules and you’ll be able to back-test and apply the strategies to the next trading day. Get your copy today and be ready for the next trading session.
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.
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- 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......
- 11/20 - ETF Trading - EWH, SPY, SSO Good morning. Yesterday, EWH moved lower and you took your initial position in the trade. Should EWH move lower today, take a second position in the trade. Otherwise, our exit signals are triggered when the etf price is greater than it's MA(5), or - for a potentially larger gain -......
- 11/13 - ETF Trading - EWZ, USO, UCO Good morning. Yesterday's market sell-off gave us some trading signals and potential etf trade entry points. Put EWZ and USO on your watch list today. Take an initial position should these move lower today. For a leveraged trade on USO, consider UCO. All trades are at the market close. The......
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Categories: ETF Stock Trading Tags: sco, uso
10/24 – ETF Trading – USO, SCO
Our short trade in USO is taking a bit longer than usual. We have a full, short trading position and we’re patiently waiting for continued selling and a move lower to trigger our exit signal. USO closed higher on Friday.
Our exit signal is triggered when the RSI 2 for USO is less than 30.
For the inverse leveraged trade in SCO, exit the trade following the signals for USO.
All etf trades are at the market close. Please trade responsibly.
Learn more about short etf trading strategies in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have just a few simple rules and you’ll be able to back-test and apply the strategies to the next trading day. Get your copy today and be ready for the next trading session.
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.
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Related Posts
- 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......
- 11/11 - ETF Trading - No Trades Today I have no trades to recommend today. The broader market closed higher yesterday and is now moving toward an over-bought condition. A few more days of market gains should trigger new short trading signals. Our etf trading signals are now weighted toward shorting etfs since SPY and other index etfs......
- 12/02 - ETF Trading - SPY, SH, SDS We have 2 trading positions in our etf trading basket. We're shorting SPY in this current trading session. You could also trade the inverse etfs - SH and/or SDS. SPY closed lower yesterday, but not enough to trigger our exit signals. Follow our exit signals as stated below; otherwise take......
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Categories: ETF Stock Trading Tags: sco, uso
10/21 – ETF Trading – USO, SCO
USO closed just a bit higher yesterday. We have a full, short trading position and we’re patiently waiting for continued selling to trigger our exit signal. This trade has taken longer than most.
Our exit signal is triggered when the RSI 2 for USO is less than 30.
For the inverse leveraged trade in SCO, exit the trade following the signals for USO.
All etf trades are at the market close. Please trade responsibly.
Learn more about short etf trading strategies in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have just a few simple rules and you’ll be able to back-test and apply the strategies to the next trading day. Get your copy today and be ready for the next trading session.
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.
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Get more day trading strategies …
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- 10/25 - ETF Trading - USO, SCO Nothing more than a repeat of yesterday. Our short trade in USO is taking a bit longer than usual. We have a full, short trading position and we're patiently waiting for a sell-off and a move lower to trigger our exit signal. USO closed higher on Monday. Our exit signal......
- 10/28 - ETF Trading - USO, SCO Our short trade in USO continues to drag on and is taking a bit longer than our usual trade. We have a full, short trading position and we're patiently waiting for a sell-off and a move lower to trigger our exit signal. USO closed higher yesterday. Our exit signal is......
- 06/02 - ETF Trading - Gains on FXI, FXP - USO, SCO Yes! Nice gains on the FXI short trade as our etf exit signal triggered at the close yesterday. We also took etf trading gains on FXP. Our gains were 3.15% for FXI and 6.07% for FXP, all in a 2 day trade. We're still waiting for our exit signals to......
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Categories: ETF Stock Trading Tags: sco, uso
10/20 – ETF Trading – USO, SCO
USO closed lower yesterday, but just not quite enough to trigger our exit signal. We have a full, short trading position and we’re patiently waiting for continued selling.
Our exit signal is triggered when the RSI 2 for USO is less than 30.
For the inverse leveraged trade in SCO, exit the trade following the signals for USO.
All etf trades are at the market close. Please trade responsibly.
Learn more about short etf trading strategies in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have just a few simple rules and you’ll be able to back-test and apply the strategies to the next trading day. Get your copy today and be ready for the next trading session.
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.
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- 12/10 - ETF Trading - USO, UCO, FXI With yesterday's close lower, we're into a full trading position for USO (and UCO). We've scaled into three trading positions over the past several trading days. From our watch list yesterday, FXI moved lower, and we scaled-into our first trading position. Take a second position in FXI should it move......
- 12/14 - ETF Trading - USO, UCO, FXI We have full trading positions for USO (and UCO). FXI moved higher on Friday. As such, we did not take a third trading position in FXI. So, we'll just exercise some patience as we wait for the market to move higher from here. Futures are pointing higher this morning. Our......
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Categories: ETF Stock Trading Tags: sco, uso


















