Posts Tagged ‘slv’

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 - USO, SCO There are no new etf trading opportunities to suggest today. We're patiently waiting for the stock market to change course and provide us with new stock trading opportunities. We're also patiently waiting to take our gains on USO and/or SCO. Take your gains when the closing price of USO closes......
• 10/12 - ETF Trading - No New Trades Today Good Monday morning. I have no etf trades to suggest today. We'll wait for a stock market pull-back to trigger some new entry signals. All of the signals and strategies I use are found in the book by Larry Connors: High Probability ETF Trading. The strategies have only a few......
• ETF Trading - SLV, EWJ, EWY Nice move on SLV yesterday (AGQ, too)! Too bad we didn't get into this trade last Friday. If you got into the trade intraday, take your stock trading gains at the market close today provided the stock price moves above it's 5 day moving average. EWJ started a small move.......

• HOWTO trade commission-free with WellsTrade I recently consolidated all my assets from various brokers to WellsTrade. I actually had 5 different brokers! Since trading in ETFs is a part of my investing strategy, I needed to pay close attention to trading costs. Each $7 I pay in trading commission could potentially mean $24 in 15......
• Stock Dividends for Retirement Income Now may be a good time to reconsider using dividend stocks to generate retirement income.  The promise of capital appreciation from stocks and mutual funds has been broken for a lot of us.  Income in retirement is what we need.  So how are baby boomers going to find that income,......
• Forex Trading Robots - How Do You Actually Set Them Up? Sponsored by Automated Forex Trading A lot of people are confused by the whole concept of forex robots but they are actually quite straight-forward. They are simply automated expert advisors that will automatically place trades on your behalf based on pre-programmed trading criteria. So how can you set up these......

ETF Trading – SLV, EWJ, EWY

Nice move on SLV yesterday (AGQ, too)! Too bad we didn’t get into this trade last Friday.

If you got into the trade intraday, take your stock trading gains at the market close today provided the stock price moves above it’s 5 day moving average.

EWJ started a small move. Again, too bad we didn’t take the trade last Friday.  However, if you took the trade intraday, lock your gains when the stock price moves above it’s 5 day moving average.

Today’s prospect is EWY. Scale into a position at the market close should the price fall below yesterday’s close of 34.70.

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.

• 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......
• ETF Trading - USO, SCO There are no new etf trading opportunities to suggest today. We're patiently waiting for the stock market to change course and provide us with new stock trading opportunities. We're also patiently waiting to take our gains on USO and/or SCO. Take your gains when the closing price of USO closes......
• 12/18 - ETF Trading - FXI, SPY Markets moved lower yesterday and so did FXI. We're into a full trading position, patiently waiting for our exit signals to trigger. Our etf exit signals are triggered when the etf price is greater than it's MA(5), or - for a potentially larger gain - when the RSI(2) is greater......

• Using Futures Trading Software To Help People Become More Successful When it comes to the investment market, there is a lot of speculation as to which products and services would do well and which ones will not. But, this is how its with any market where there is cash to be made and the investment industry is with out a......
• What Is Breakout Fading? Understand the forex market.Fading breakouts refers to trading against breakouts when you believe that the currency prices will not be able to follow through action in the direction of the breakout. We fade breakouts when we believe that breakouts from support and resistance levels to be false and unsustainable. Get......
• Great Debates: ETFs vs. Index Funds It's been a while since I've done any Great Debates; for all the disagreement and squabbling about individual investments and the direction of the country that you hear, there's a surprising amount of uniformity as to what constitutes sound investment advice. Invest early, invest often, don't spend too much time......

ETF Trading – SLV, EWJ

OK, lets’s get started trading.

Based on the strategies found in High Probability ETF Trading, we have 2 trading candidates today:

• SLV
• EWJ

Both stocks are above their 200 day moving average, and with RSI(2) scores below 3, this suggests that these etfs are oversold. Look to enter a position at the market close if these etfs move lower today.

SLV has been down 6 days in a row – odds favor a bounce sometime soon.  Traders of SLV could also trade AGQ.

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.

• 10/20 - ETF Trading - EWJ, EWY Prices for EWJ and EWY moved higher yesterday. As such, our entry signal did not trigger and we did not enter the etf trade. We'll wait for a stock market pull-back to trigger some new entry signals. Updated stock charts are posted below. Want more information about how I trade......
• ETF Trading - No New Trades for Friday No new stock trading ideas were triggered yesterday afternoon. We're active in current trades as detailed in previous posts, and just waiting for exit signals to trigger. All trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading, except where noted. Disclaimer:The content......
• 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......

• President-Elect Obama Roundup Another edition of the RCDL roundup. Congrats to President-Elect Obama for winning the election! Frugal | Money Saving Tips: The Christian Science Monitor takes a look at when gift-card promises go unfulfilled. Good points for holiday shoppers. Financial Ramblings writes this winter tip: The Most Beautiful Way To Save Money......
• Want to Be an Active Investor? Try a Fantasy Stock Market Game First! So you want to be an active investor? Maybe you think you have what it takes to cash in like the daytraders from the late 1990s trading those high flying tech stocks.  Or perhaps you think you can ride the coattails of those evil oil speculators that pushed light sweet......
• Can someone please explain stock market investing to me? I've always been told that the stock market is a good long term investment if you have a diversified portfolio. OK, so why are ALL stocks tanking right now? If investors are in it for the long run, why sell everything and not just finanicial institution stocks? For example, let's......