Posts Tagged ‘sso’

04/18 – ETF Trading – Gain on SPY, SSO

We took a small gain on our S&P 500 etf trade – our exit signals for SPY triggered with Friday’s rally and we took a gain of .43% at the close. The leveraged etf trade in SSO yielded a gain of .92% – all in a 3 day trade.

We didn’t have a full trading position for this trade, but we still had a winning trade. Our goal is to produce more winning trades versus losing trades. On that goal, we’re on track. We have made 42 winning trades out of 52 for the year. That’s a winning percentage of over 80%.

I have no etf trading opportunities to suggest today. We’ll wait for a market correction to trigger some new etf trading opportunities.

A great gift idea for stock traders – get 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 …

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• 09/05 - ETF Trading - Gain on SPY, SH, SDS A nice gain on our short trade! Our exit signals for SPY triggered with Friday's sell-off and we took a gain of 2.58% at the close. The inverse trades in SH and SDS yielded gains of 2.59% and 4.95% respectively. Our goal is to produce more winning trades versus losing......
• 01/07 - ETF Trading - SLV, AGQ Good morning. SLV closed lower yesterday and you took your second position in the etf trade. Likewise for the leveraged etf trade in AGQ. Should SLV close lower today, take your third and final position in the trade. Otherwise, our etf exit signals are triggered when the etf price is......
• 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 -......

• Vanguard Now Offering Free Trades on In-House ETFs Not to be outdone by low cost ETF competitors like Charles Schwab, Vanguard customers now have the option to trade Vanguard ETFs commission free, as well as benefit from online discount broker like commissions on individual stock trades. Commission-free ETF transactions. Vanguard brokerage clients may make commission-free transactions in Vanguard’s......
• Introduction To Forex Trading If you are just starting out in the stock trading business or if you are already in it, you may have heard the term Forex trading quite a few times, but you probably might not have a clue on what it may actually mean. Forex or foreign exchange trading is......
• 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......

04/15 – ETF Trading – SPY, SSO

SPY closed higher yesterday, but not enough to trigger our exit signals.

Take a second trading position should SPY close lower than our entry price.

Otherwise, our exit signals are triggered when the closing price for SPY is higher than it’s 5 day moving average, or – for a potentially larger gain – when the RSI 2 is greater than 70. We’re using the latter.

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

Follow the trading signals for SPY when trading SSO.

All etf trading strategies are found 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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Learn 16 Strategies to Improve Your Trading…

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• 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......
• 03/15 - ETF Trading - XLE, DIG XLE closed higher yesterday, but still not enough to trigger our exit signals. Updated charts are posted below. Take a third trading position should XLE close lower than 73.83 - trade DIG on this signal for the leveraged trade. Otherwise, our exit signals for XLE are triggered when the etf......
• 09/21 - ETF Trading - SPY, SH, SDS We have 2 trading positions in our etf trading basket. We're shorting SPY in this current trading session. You could also trade the inverse etfs - SH and/or SDS. SPY closed lower yesterday (SH and SDS closed higher), enough to trigger our 5-day moving average exit signal and a gain......

• Buy A Conservative High Yield ETF For Passive Income? If you are looking to make a nice, simple conservative investment in the stock market today, you may want to consider what is known as an Exchange Traded Fund. Known as an ETF, this investment vehicle allows you to place money into a fund that tracks a specific market, sector......
• Trading Links - Is It Still A Strong Marketing Technique If you have been in Web marketing for any amount of time you are already aware that backlink developing can give a huge boost to your Internet business. And a few years ago, trading links with various other websites was looked upon as being a great way to build backlinks.......
• 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......

04/14 – ETF Trading – SPY, SSO

We did not take a second position in our etf trade eventhough SPY closed a point lower yesterday (per our FreeStockCharts charts). Personally, I’m looking for a bigger move lower to take the next trading position.

Our trading calls for making our trades at the market close. Some trading platforms will allow you to do that, some don’t. I, for example, actually watch a chart in the last 15 minutes of the day and make my trade within the last 3-5 minutes of the trading day. As you can see in the minute chart below, SPY floated above it’s previous day closing price just before the close. And even if it had dropped just below the yellow line, as I mentioned above, I’m looking for a bigger move lower to take the next trading position.

Updated charts are posted below.

We may take up to a total of 3 trading positions over the next couple of days. To review, our first position is 1/6 of our total trading amount. Our second position is 1/3 of our total trading amount. Our third trading position is 1/2 of our total trading amount.

Take a second trading position should SPY close lower than 131.46.

Otherwise, our exit signals for SPY are triggered when the closing price for SPY is higher than it’s 5 day moving average, or – for a potentially larger gain – when the RSI(2) is greater than 70.

For SSO, follow the trading signals for SPY. All trades are at the market close. Please trade responsibly.

Join me every day as I offer new etf trading ideas for you to follow. Learn more about the etf trading strategies in the book by Larry Connors: High Probability ETF Trading.

“Minute” chart for SPY:

Updated daily charts:

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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Can’t make a trade? Let Warren Buffett manage your portfolio – AlphaClone

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• 05/18 - ETF Trading - EWG Good morning. EWG closed lower yesterday and you took your second position in the etf trade. Should EWG close lower today, take your third and final position in the trade. Otherwise, our etf exit signals are triggered when the etf price is greater than it's 5 day moving average, or......
• 05/26 - ETF Trading - IWM, UWM IWM closed higher yesterday, but not enough to trigger our etf exit signals. Take a second and final trading position should IWM close lower than our entry price and the RSI 2 falls below 6. Otherwise, our exit signals are triggered when the closing price for IWM is higher than......
• 03/17 - ETF Trading - XLE, DIG Good morning - Happy St. Patrick's Day! XLE closed lower yesterday and you took your third and final position in the etf trade. Likewise for the leveraged etf trade in DIG. Now, we'll just wait for our exit signals to trigger. Our etf exit signals are triggered when the etf......

• Buying Graded Baseball Trading Cards Regardless of whether you are a die hard fan of sports or just looking to increase your collection of baseball trading cards, you should know that there is a wide variety of options available to you on eBay when it comes to buying graded baseball trading cards. Grading cards is......
• The Q Ratio: Quantifying Reversal to the Historical Stock Market Mean Being a total chartology geek and lover of anything that tracks the historical record of stock market performance (e.g. supercycles), it's hard to resist posting these graphics discussing the Q Ratio. Briefly... The average (arithmetic mean) Q ratio is about 0.71. In the chart below I've adjusted the Q Ratio......
• Should You Buy A Tech ETF? Technology ETFs, also referred to as tech ETFs, are exchange traded funds related to technology. ETFs were first introduced in 1993. Because they are affordable, flexible, tax efficient, many investors are taking the ETF approach to investing. If you see the benefits of investing in ETFs compared to traditional stocks......

04/13 – ETF Trading – SPY, SSO

SPY closed lower yesterday and you took your first long position in the etf trade. An updated chart is posted below.

As we discussed yesterday, we’ll scale in with up to three 3 positions. So, take a second trading position should SPY close lower today. Otherwise, our exit signals for SPY are triggered when the etf price is greater than it’s 5 day moving average, or – for a potentially larger gain – when the RSI(2) is greater than 70. We’ll use the latter.

For the leveraged trade in SSO, follow the trading signals for SPY.

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

Join me every day as I offer new etf trading ideas for you to follow.

Updated charts:

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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Can’t make a trade? Let Warren Buffett manage your portfolio – AlphaClone

• 07/11 - ETF Trading - No Trades Today The broader market closed lower on Friday, relieving the S&P 500 of its over-bought condition (see the updated chart for SPY below - notice the RSI 2 dropping below 70). However, we'll make no trades today - another day or 2 of selling will trigger some new etf trading signals.......
• 08/16 - ETF Trading - No Trades Today More selling pushed the market lower on Friday. 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 wait for a stock market rebound to trigger some new......
• 07/21 - ETF Trading - IWM, UWM We're patiently waiting for our etf exit signals to trigger. IWM closed a bit lower yesterday. We're waiting for it to close higher. Our exit signals are triggered when the closing price for IWM is higher than its 5 day moving average, or - for a potentially larger gain -......

• Three Different Ways to Buy Company Stock Investing in company stock is a great way to build wealth over the long-term. This is because company stocks not only appreciate over time, but they also pay monthly or quarterly dividends. I'm currently using a strategy to build wealth with dividend stocks. Individuals can buy stock in a company......
• Where to Begin with Investing If you are just starting out on your own as an adult, or if you are approaching the age of retirement, you are probably thinking about where you stand financially and what your financial future will be like. It is time to stop thinking and start actually planning and taking......
• October 2011 Dividend Investment Portfolio Update About 18 months ago, I started my Perpetual Income Machine which then eventually morphed into my dividend investment portfolio.  Now every couple months I update those specific stocks which are on my "watch list" for the following months to come. While the stocks I am purchasing change every few......

04/12 – ETF Trading – SPY, SSO

On second thought, put SPY on your watch list today. Consider taking your first long position should the etf close lower today. Consider SSO for the leveraged trade.

SPY – The SPDR® S&P 500® ETF is a fund that, before expenses, generally corresponds to the price and yield performance of the S&P 500 Index.

SSO – ProShares Ultra S&P500 seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the S&P 500® Index.

We may take up to 3 trading positions over the next couple of days. Our first position is 1/6 of our total trading amount. Our second position is 1/3 of our total trading amount. Our third trading position is 1/2 of our total trading amount. You could also take positions in a 20-30-50 ratio. All trades are at the market close. Please trade responsibly.

Assuming we get into the trade, our exit signals for SPY are triggered when the closing price for SPY is higher than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is greater than 70.

Learn why the SPDR® S&P 500® ETF is now a good etf trading opportunity 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 trading strategies, clear explanations, and years of tested results, there is no better place to start finding new trading edges than in High Probability ETF Trading. 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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Learn 16 Strategies to Improve Your Trading…

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• 12/29 - ETF Trading - Scale In Strategies Good morning. My stock screener is telling me that we have no etf trading opportunities today. Markets are in an overbought condition. We'll wait for a stock market pull-back to trigger new entry signals. Once we enter an etf trade, we won't always take just one trading position. There are......
• 12/17 - ETF Trading - USO, UCO, FXI Oil moved higher yesterday, and so did our etf trades in USO (and UCO). Our exit signals were triggered as the RSI(2) of the closing price moved above 70. We had a gain of .75% in USO, excluding trading costs. UCO broke even. We took a third trading position in......
• 05/16 - ETF Trading - EWG Put EWG on your watch list today. Consider taking your first long position should the etf close lower today. EWG - The iShares MSCI Germany Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in......

• Long and Short-Term Investment Strategies by Jim Wang, guest blogger There are many investment strategies out there for anyone hoping to invest for the security of the their financial future. Mutual funds and other types of investments are an excellent tool, if utilized intelligently and carefully, to build up your finances based on educated decisions.......
• Article Writing 2.0 Maximize Your Article Marketing Writing for and marketing with web 2.0's New Media for Virtual Real Estate Naturally internet marketers know that if you want to drive quality traffic to your site what you really need is quality information creating the push. That is the way marketing has been done......
• 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......