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.

• 01/26 - ETF Trading - IWM, UWM IWM closed higher yesterday, and above its 5 day moving average for a small gain of .67%. However, we're waiting for the RSI(2) to close above 70 to trigger our etf exit. Updated charts are posted below. To review, we have a long trade in IWM in progress. Our exit......
• 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......
• 08/26 - ETF Trading - SPY, SH, SDS We're shorting SPY in this current trading session. You could also trade the inverse etfs - SH and/or SDS. We have one trading position in our basket. SPY closed lower yesterday (SH & SDS higher), but not enough to trigger our exit signals. Updated charts are posted below. We may......

• The Pros and Cons of Investing in ETFs In last decade, specialty ETFs (Exchange Traded Funds) are probably the hottest thing to hit Wall Street since the rise of the discount brokers in the mid 1990s. Initially, ETFs were not very popular because they only tracked the performance of a few stock market indices. However, in today's investing......
• Trading Stocks Guide Many people have heard about online stock trading and how some people have earned extra money from it. However, many of you are hesitant in trying it out since you heard of the risks but it is probably due more on the scarcity of information for beginners. Stock trading......
• Investing in High Yield Stocks and Receiving Dividends A dividend is a payout to shareholders who own stock.   According to Investopedia the definition of a dividend is “a distribution of a portion of a company’s earnings, decided by the board of directors, to a class of its shareholders.  The dividend is the most often quoted in terms of......