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.

• 12/17 - ETF Trading - USO, UCO, FXI Oil moved higher yesterday, and so did our etf trades in USO (and UCO). Our exit signals were triggered as the RSI(2) of the closing price moved above 70. We had a gain of .75% in USO, excluding trading costs. UCO broke even. We took a third trading position in......
• 12/11 - ETF Trading - USO, UCO, FXI We're into a full trading position for USO, and/or UCO. FXI moved a bit lower yesterday, and we scaled into a second trading position. Take a third trading position if FXI closes lower still. Otherwise, we'll wait for the market to move higher from here. Our exit signals are triggered......
• 12/15 - ETF Trading - USO, UCO, FXI Markets moved higher yesterday, and so did our etf trades - if ever so slightly. We're trading USO (and UCO) and FXI. Our exit signals are triggered when the etf price is greater than it's 5 day moving average, or - for a potentially larger gain - when the RSI(2)......

• trading stocks: what do you think of my strategy (im new)? I'm new to trading stocks, I have been "mock trading" online at this website where everything is real...except the money of course =). I have been meeting all of my goals so far. I'm too afriad to trade multiple times a day, it's too risky for me...with the whole 15......
• Setting a Wine Budget When it comes to collecting wine, collecting wine bottles, or really any other type of collection for that matter, one of the first things that you are going to want to have figured out is your budget. Step one in the process of collecting wine is to set your wine......
• What is the Fear Trade? Much like everyone else, Wall Street experiences the same basic emotions that all (or most) of us feel when news of an impending disaster (real or fearmongering) strikes. Why? Because there are real life human beings pushing the mouse buttons that execute the buy or sell orders during every......

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.

• 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......
• 02/02 - ETF Trading - EWH, EWZ, SPY, SSO Markets closed higher yesterday and triggered our exit signals for EWH and EWZ - unfortunately for us, at a loss. We still have full trading positions or SPY and/or SSO. Should the market move higher today, we will be able to take our gains! Our exit signals are triggered when......
• 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......

• How To Read All The Information On A Stock Quote Page As personal finance experts, you and I shouldn’t be concerned with singular stocks.  We shouldn’t be paying attention to the day to day movements of the market, much less a particular company.  But that doesn’t mean you shouldn’t understand everything you might see on a web page for a......
• 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......
• 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......