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.

• 03/03 - ETF Trading - FXI, FXP Good morning. FXI moved higher yesterday and you took your second short position in the etf trade. Take your third short position should FXI close higher today. Otherwise, our exit signals are triggered when the etf price closes lower than it's MA(5), or - for a potentially larger gain -......
• 9/29 - ETF Trading - FXI, EWW, USO, UCO, XLU, UPW Good morning. We took trading gains yesterday as half of our etf stock picks from last Thursday (9/24) triggered their exit signals. All of these etf trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading. All trades are at the market close.......
• ETF Trading - USO, UCO, EWH, IWM, UWM Tuesday's sell-off provided some opportunities to scale in to our current etf trades. Let's review the details. For those who were playing the USO / UCO trade, looking for the RSI(2)>70 signal, we're a bit behind in the count. Hopefully you scaled into a second position at the close yesterday.......

• Trading & Investing Strategies for the Current Environment This guest post comes from Kevin at 20smoney.com, a blog covering financial topics such as investing, money management and the development of income streams. Despite the fact that most people tend to think that a market that has already booked a 60%+ rally is a great time to be invested......
• Credit Card Arbitrage Not Worth the Risk Credit card arbitrage is not a new phenomenon, but one that I never really understood until I began writing about personal finances. I started stumbling across others who have made a good amount of money using 0% balance transfer offers from credit cards to fund high-interest savings accounts. A few......
• Play the Annual Invest Lazy Man's Money Game Last year, around this time, I asked readers to invest my money. I've decided to turn this into an annual post - at least as long as I qualify for a Roth IRA. Requisite Financial Background: I have $4000 from my 2007 Roth IRA to invest. I know I should......