Posts Tagged ‘sij’

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.

• 08/24 - ETF Trading - SPY, SH, SDS SPY closed higher yesterday, with an RSI 2 greater than 75. Should it close higher today, consider taking your first short position in this etf trading opportunity. SPY - The SPDR® S&P 500® ETF is a fund that, before expenses, generally corresponds to the price and yield performance of the......
• 11/29 - ETF Trading - SPY, SH, SDS SPY closed higher yesterday and moves to an over-bought condition. with the RSI 2 greater than 75. Should it close higher today, consider taking your first short position in the etf trade. Our etf trading signals are now weighted toward shorting etfs since SPY and other index etfs are now......
• 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......

• Investing 101: ETFs (Hey kids!  And teenagers, adults, cats who fell asleep on top of the keyboard and anyone else who might be out there reading this; guess what time it is!  That's right, it's Investing 101 Time!  This week, we'll cover the wonderful, wacky world of ETFs!) Q: Alright, so what is......
• Check Out Web-based Discussion Boards To Discover A Reputable Foreign Exchange Broker Where Your Resources Are Protected And The Spreads Are Reasonably Competitive. Furthermore learn how to automate your intelligent software applications and ensure you have also chosen a good software package that permits you to reveal the finest of anyone. These kinds of softwares are all visible and just about all effortless to master and additionally will tell you exactly how good......
• Frugal Friday Week 31 When we talk about frugality, the easy targets come to mind, eating out, buying the $5 latte, spending on clothes, etc. All good places to look to save, but today, I'll discuss one that's often overlooked. Investment expenses. The annual expenses for mutual funds run from about .2% to as......

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.

• 07/13 - ETF Trading - IWM, UWM IWM closed lower yesterday and you took your first long position in the etf trade. An updated chart is posted below. As we discussed yesterday, we'll scale in with up to three 3 trading positions. So, take a second position should IWM close lower today. Otherwise, our exit signals for......
• 09/21 - 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 (SH and SDS closed higher), enough to trigger our 5-day moving average exit signal and a gain......
• 04/11 - ETF Trading - FXY FXY closed higher on Friday, but not enough to trigger our exit signals. We have a full trading position and are patiently waiting for our exit signals to trigger. Trading so close to the 200 day moving average makes for some choppy trading. Keep your seatbelts fastened! Our exit signals......

• Investing In Japanese Real Estate In a previous post I had mentioned that a Japanese REIT was going IPO. I was wondering how I could get in on the action. It seems like a good idea - the Dollar should weaken against the Yen and Japan's Real Estate should appreciate after almost a decade and......
• Tips For Trading Stocks Online Imagine you are trying to do car repairs, and the only tool you have is a hammer. Sure, you’ll be able to get some jobs done, but they won’t be done properly and you’ll most likely break something else in the process. Trading stocks online is much like that.......
• How to Sell the Rare Coins in your Coin Collection There comes a time in the life of every coin collector where they need to sell their rare coins that they have in their coin collection. Some are simply uninterested in their collection and are looking to recoup the money they spent on the pieces. Others are in love with......

ETF Trading – XLI, SIJ

Looking at the stock market mid-day, a shorting opportunity arises with XLI. Short a starting position at the market close should the price close higher than yesterday’s close.

One note of caution – don’t short XLI should it close above it’s 200 day moving average.

As an alternative, you can take a position in SIJ should it’s price close lower than yesterday’s closing price. SIJ is an inverse exchange traded fund.

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.

• 9/30 - ETF Trading - FXI, USO, UCO Good morning. We're still in our etf trades 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......
• 07/01 - ETF Trading - GLD, UGL GLD closed lower yesterday but not enough to trigger taking a second trading position. We're still in the trade because we're waiting to exit the trade when the RSI 2 for the closing price of GLD moves above 70. If you followed the 5 day moving average exit signal, you......
• 12/24 - ETF Trading - FXI Good morning and Merry Christmas. FXI moved higher yesterday, and we exited the trade on the RSI(2)>70 signal at the market close. Unfortunately, we took a 3.43% loss on the trade. Recall that we entered the position on 12/9 and then scaled-in to the trade over a several day period.......

• When Buy & Hold Works and When It Doesn't This post was written by Tony. Simply put, buy and hold is an investment strategy that is favored by many investors. In case you don't know what buy and hold is, here is an excerpt of its definition from one of my blog posts. Buy and hold is a long term stock market......
• Sub-prime Lenders Down Again Sub-prime lenders LEND, NFI,NEW were down again today, dropping between 3 and 17%. Wish I had shorted some of the sub-prime lenders instead of WCI!I think this is just the tip of the iceberg, just like in the good old dot-bomb days when there was some initial weakening before the......
• Vanguard Now Offering Free Trades on In-House ETFs Not to be outdone by low cost ETF competitors like Charles Schwab, Vanguard customers now have the option to trade Vanguard ETFs commission free, as well as benefit from online discount broker like commissions on individual stock trades. Commission-free ETF transactions. Vanguard brokerage clients may make commission-free transactions in Vanguard’s......