Posts Tagged ‘sso’

11/19 – ETF Trading – Gain on SPY, SSO

A nice little gain on our S&P 500 etf trade – our exit signals for SPY triggered with yesterday’s rally and we took a gain of 1.52%. The leveraged etf trade in SSO yielded a gain of 3.12% – all in a 2 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 31 winning trades out of 39 for the year. That’s a winning percentage of nearly 80%.

I have no etf trading opportunities to suggest today. Let’s take the holiday week off and we’ll pick up the trading again on November 29. Have a great weekend and a great Thanksgiving holiday!

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 …

• ETF Trading - USO, SCO, DIA, QQQQ Oil continued to move higher yesterday and so did USO . Perhaps you took an initial short position. Short a second position at the end of the day should it close higher again. Otherwise, take your gains should the closing price move below it's 5 day moving average. As I......
• 12/01 - ETF Trading - QQQQ, QLD Though stock futures are higher this morning, you never know what the day may bring! Put QQQQ on your watch list today. Consider taking your first long position should the etf close lower today. For the leveraged trade, consider QLD. QQQQ - PowerShares QQQ™, formerly known as "QQQ" or the......
• ETF Trading - USO, SCO, TIP, GLD, FXE Wow - nice gains on SCO! Shorting USO also produced gains when using the RSI exit strategy. TIP continued to pull back yesterday - we're into the second long unit. GLD and FXE also moved lower yesterday. You should be into your first long unit if you're trading these etfs.......

• Don't Risk It All With Commodity Day Trading Commodity day trading refers to the buying and selling of stock throughout the course of the day. This means that one is continually buying and selling a position in a stock based on a number of different variables. This type of investment vehicle contains the most risk of all investments......
• ETF Investments - What You Need To Know Diversification is extremely important when developing or maintaining an investment portfolio. Typically, people have a mix of stocks, bonds and mutual funds when planning for their future, but now there is another product to add to the list of possibilities, etf investments. Exchange traded funds (etfs) were introduced in 1993......
• Is It A Good Time To Invest In Real Estate? Even though I've experienced phenomenal returns in real estate, I think its getting exceedingly difficult to invest in that asset class. If you're flipping houses and you have a good buying and selling system in place, then the story is different, but thats probably your full-time job. If you a......

11/18 – ETF Trading – SPY, SSO

We did not take a second position in our etf trade as SPY closed just a bit higher yesterday. The small gain was not enough to trigger our exit signals. An updated chart is 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 118.16.

Otherwise, 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.

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.

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

• 02/25 - ETF Trading - QQQQ, QLD QQQQ closed higher yesterday, but not enough to trigger our exit signals. And accordingly, we did not take a second trading position in the etf trade. An updated chart is posted below. We may take up to a total of 3 trading positions over the next couple of days. To......
• 04/27 - ETF Trading - No Trades Today SPY closed higher yesterday and is now over-bought (see the updated chart of SPY below). We'll have to wait for a sell-off to trigger some new etf trading signals. We want the RSI 2 to drop below 25 before we start considering etf trading candidates. How do I find our......
• 11/29 - ETF Trading - SPY, SH, SDS SPY closed higher yesterday and moves to an over-bought condition. with the RSI 2 greater than 75. Should it close higher today, consider taking your first short position in the etf trade. Our etf trading signals are now weighted toward shorting etfs since SPY and other index etfs are now......

• Real Estate Investments - Good Idea or Bad Idea? Right now, if there was a market that had bad news written all over it, it would be real estate. The housing crisis has made investors jumpy, the economy appears to be tanking and home values are plummeting across the country. Would you believe that this is actually a good......
• In Case A Position Seems Great, The Computer Software Will Then Execute The Trade For You Depending On Conditions You Identified Before Turning Typically The Computer Software To Complete The Job. Rumours with regard to fx trading can also lead to its wild price changes. Whenever buyers feel a particular money will act strongly or directionally, they will trade it accordingly. nt. Currency Exchange may be creating substantial movements within the intermediate level but this does not suggest that you must......
• Effective Ways to Get Traffic to Affiliate Sites Traffic is one of the most difficult things to get as an affiliate. How do you get it without wasting your money and how do you get traffic that actually converts into sales or leads? One thing is absolutely clear to any affiliate who gets started promoting products: it’s virtually......

11/17 – 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 MA(5), 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

• 01/07 - ETF Trading - Why Trade ETFs? No trades today. The broader market remains overbought - see the high RSI(2) value on the chart for SPY below. Some of the sector indices are starting to turn over. However, we'll wait for a stock market pull-back to trigger our etf trading signals. Why trade etfs? John Nyaradi, in......
• 10/26 - ETF Trading - USO, SCO Our short trade in USO continues to drag on and is taking a bit longer than our usual trade. We have a full, short trading position and we're patiently waiting for a sell-off and a move lower to trigger our exit signal. USO closed higher yesterday. Our exit signal is......
• 12/18 - ETF Trading - FXI, SPY Markets moved lower yesterday and so did FXI. We're into a full trading position, patiently waiting for our exit signals to trigger. Our etf exit signals are triggered when the etf price is greater than it's MA(5), or - for a potentially larger gain - when the RSI(2) is greater......

• How To Locate An Affordable SEARCH ENGINE OPTIMISATION Company Plenty of businesses today require the aid of link building company. Mainly, they check for affordable SEO service that will fit their price range. Small enterprises cannot afford a great sum of money and so they aim to optimize their internet site themselves. Though they are able to do it......
• Do You Know Your Congressman's Position on the STOCK Act? Want a surefire way to piss off your Congress persons? First, ask if he/she had any short positions during the market crash. Congress had multiple short sellers in their midst, and since Congressional leaders have little to nothing forcing them to disclose their personal investments, identifying the hypocrites would be......
• Choosing the Right Types of Investments If you have a regular, traditional type of pension plan, then your employer is responsible for making all of your investment decisions in your place. With most other types of retirement plans that are out there, however, you are the one that is in the driver's seat. Some people believe......