Posts Tagged ‘spy’

07/14 – ETF Trading – XLU, SDP, SPY, SDS

We have a full short trading position in XLU and we’re just waiting for a stock market sell-off to trigger our etf exit signals. The inverse leveraged etf trade is in SDP.

We also have a full short trading position in SPY. A stock market sell-off will trigger our etf exit signals. The inverse leveraged etf trade is in SDS.

Our exit signals are triggered when the closing price for XLU or SPY is lower than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30. We’re using the latter signal. You’ll exit the leveraged trades on these signals as well.

All etf trades are at the market close. Please trade responsibly. Updated charts are posted below.

Have questions about the signals? The etf trading details are all in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have only a few rules and you’ll be able to back-test and apply the strategies to the next trading day. With easy to follow signals, clear explanations, and years of tested results, there is no better place to start finding new trading edges than in High Probability ETF Trading – now in paperback.

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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• 04/29 - ETF Trading - EWH, XLF, UYG Stocks rebounded yesterday, but not enough to trigger our exit signals. We have a full trading positions in EWH and our first trading position in XLF and/or UYG. Our etf entry signal for SPY / SSO did not trigger. For EWH, we'll patiently wait for our etf exit signals to......
• 02/03 - ETF Trading - Gains on SPY, SSO Markets closed higher still yesterday and triggered our exit signals for SPY and SSO. We gained 2.12% on SPY and 4.18% on SSO. Our exit signals were triggered when the etf price moved higher than it's MA(5), or - for the larger gain - when the RSI(2) moved above 70.......
• 07/16 - ETF Trading - XLU, SDP, SPY, SDS The broader market ended flat yet again yesterday and is severely over-bought on a short term basis. Notice the high RSI(2) values for XLU and SPY in the charts below. There is no change in our positions. We have a full short trading position in XLU and we're just waiting......

• Fx Trading Made Uncomplicated With Forex Books Key in the world of buying and selling along with ideas from Foreign exchange book. These types of books are incredibly a good choice for starters along with the experts. As a matter of fact these are important read book to learn the potential customers and outcomes of trading. A......
• Maybe You Should Let Emotions Get In The Way of Investing This is something I've been thinking about off and on for a while now. We've all heard that investing should be a purely rational enterprise, unclouded by the bouts of fear and greed that apparently rule the markets on a daily basis. The argument is that it's this fear and......
• Understanding Fundamental Analysis Sponsored by online fx trading Fundamental analysis refers to the study of the core underlying elements that influence the economy of a particular entity. It is a method of study that attempts to predict price action and market trends by analyzing economic indicators, government policy and societal factors (to name......

07/13 – ETF Trading – XLU, SDP, SPY, SDS

XLU closed higher yesterday. We have a full trading position in XLU and/or SDP, and we’re just waiting for a stock market sell-off to trigger our etf exit signals, now.

SPY closed ever so slightly higher yesterday, enough to trigger taking a third and final short position. The higher closing price for SPY also triggered a third and final etf trade for SDS. We’ll wait for our etf exit signals, now.

Our exit signals are triggered when the closing price for XLU or SPY is lower than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30. We’re using the latter signal. You’ll exit the leveraged trades on these signals as well.

All etf trades are at the market close. Please trade responsibly.

Get more information 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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• 07/12 - ETF Trading - XLU, SDP, SPY, SDS XLU closed higher on Friday, enough to trigger taking a third and final short position. The higher closing price for XLU also triggered a third and final etf trading position for SDP. We'll watch for our etf exit signals now. SPY also closed higher on Friday, triggering a second short......
• 06/22 - ETF Trading - USO, SCO, FXI, FXP We have a full short trading position in USO and/or FXI. If you're trading the inverse etfs, you have a full trading position in SCO and/or FXP. FXI closed higher yesterday, while USO closed slightly lower. So now we're just waiting for our etf exit signals to trigger. Our exit......
• 03/04 - ETF Trading - FXI, FXP OK. FXI moved lower yesterday but not enough to trigger our exit signals. Take your third short position should FXI close higher today. Our exit signals are triggered when the etf price closes lower than it's MA(5), or - for a potentially larger gain - when the RSI(2) is less......

• Biggest Lesson Learned from this Bear Market The bear market has taken a huge toll on everybody's investments. I read numerous personal finance blogs, most of which write an end of year financial status round-up. Many of these bloggers are experiencing significant declines in stock market investments, so much that their net worth has decreased over the......
• Should You Now Own Gold for Retirement? Gold as a retirement investment? If you ask ten people, you may hear ten different answers. Gold has one thing going for it: it's an investment that will do well when the world is in crisis. Almost any kind of global calamity or economic bad news will trigger a spike......
• SEO Benefits: What SEO Can Do For You SEO, or Search Engine Optimization, is a big thing nowadays for websites wanting to gain more popularity in search engine results pages. This is because it brings many benefits to website owners especially to those who are using the Internet to generate income. SEO can be seen as a marketing......

07/12 – ETF Trading – XLU, SDP, SPY, SDS

XLU closed higher on Friday, enough to trigger taking a third and final short position. The higher closing price for XLU also triggered a third and final etf trading position for SDP. We’ll watch for our etf exit signals now.

SPY also closed higher on Friday, triggering a second short position. Take a third and final short trading position if SPY closes higher today. If you’re trading the leveraged etf, you have a second trading position in SDS. Follow the signals for SPY to take a third and final trading position in SDS. Otherwise, if the market sells off, watch for our etf exit signals to trigger.

Our exit signals are triggered when the closing price for XLU or SPY is lower than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30. We’re using the latter signal. You’ll exit the leveraged trades on these signals as well.

All etf trades are at the market close. Please trade responsibly.

Learn more about 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 …

• 07/14 - ETF Trading - XLU, SDP, SPY, SDS We have a full short trading position in XLU and we're just waiting for a stock market sell-off to trigger our etf exit signals. The inverse leveraged etf trade is in SDP. We also have a full short trading position in SPY. A stock market sell-off will trigger our etf......
• 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......
• 06/29 - ETF Trading - No Trades Today Our entry signals for shorting USO yesterday did not trigger. As such, we did not take the trade. The broader market is 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......

• Favorite Blog Wednesday - The X Generation. The 15th and final site in my weekly series "Favorite Blog Wednesday" is Generation X Finance, which is "Helping a unique generation achieve financial independence". Great tagline, no? But even if you are not a member of Generation X, there is still a lot to learn here about investing, getting......
• Glass Door : Know Your Worth When you go car shopping, what do you do? Do you get a quote from Ford on a F-150 and a separate quote from Honda on a Civic and then go with the lowest offer? When you go laptop shopping, do you compare a 14.1" laptop with a celeron processor......
• Forex Option Trading - Beginning With The Basics Forex option trading is not an advisable endeavor if you are new to the forex market game. If you delve into it unprepared, chances are, you may lose a lot of money as fast as you can make it. But by doing your research and starting out from the very......