Posts Tagged ‘srs’

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.

• 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......
• 04/08 - ETF Trading - No Trades Today We had a nice sell-off yesterday. Yet the market is in neutral territory (see the updated chart of SPY below). Let's wait for more stock market selling to trigger some new etf trading signals. As I write this, the european markets are selling off strongly. Perhaps the selling will carry......
• 07/06 - ETF Trading - No Trades Today Hope you had a nice holiday weekend. Our etf trading signals for GLD did not trigger on Friday. Accordingly, we did not enter the etf trade. The broader market remains oversold (see the updated chart for SPY below - notice the low RSI(2) reading). And since the broader market is......

• Just How Safe is Your Money Right Now? Even after the government took the opportunity to step in and bail out one of our largest insurance companies, the stock market still managed to find a way to completely tank, because many investors were not persuaded that this intervention was going to protect their investments. This is when you......
• How To Make Money Trading Currency If you are looking to make money trading currency, you have a few options to help you successfully trade. Opposed to the stock market, you don’t have to wait and wait and wait, until something exciting happens. Trading currency is fast paced and you can make money fast and all......
• Different Types Of Market Orders (Part II) Stop Loss Orders: If the market moves against your position, stop loss orders are used to limit losses. If you don’t use stop loss orders, you are leaving yourself at the mercy of the markets. A dangerous proposition! Stop loss orders are critical to your trading survival. The traditional stop......