Posts Tagged ‘uco’

03/29 – ETF Trading – USO, UCO

Put USO on your watch list today; USO closed lower yesterday, generating an etf trading opportunity. Consider taking the first trading position in USO should the etf close lower today.

For the leveraged trade, consider UCO. However, follow the etf trading signals for USO. UCO is a “double” etf – please trade carefully.

USO – The United States Oil Fund, LP (“USO”) is a domestic exchange traded security designed to track the movements of light, sweet crude oil (“West Texas Intermediate”).

UCO – ProShares Ultra DJ-UBS Crude Oil seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the Dow Jones—UBS Crude Oil Sub-Index SM.

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 position your trades 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 are triggered when the closing price for USO is higher than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is greater than 70.

Learn why oil 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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• 08/05 - ETF Trading - USO, SCO USO closed just a penney lower yesterday. As such, we did not take a second short position in the etf trade. And since we're using the signals for USO to trade, we did not take a second trade in SCO, even though it closed a bit lower. Updated charts are......
• 08/03 - ETF Trading - USO, SCO Oil closed higher yesterday, generating an etf shorting opportunity. Consider taking a short position in USO should the etf close higher today. If you're unable to short USO, consider taking the inverse etf - SCO. However, follow the etf trading signals for USO. SCO is a double inverse etf -......
• 11/13 - ETF Trading - EWZ, USO, UCO Good morning. Yesterday's market sell-off gave us some trading signals and potential etf trade entry points. Put EWZ and USO on your watch list today. Take an initial position should these move lower today. For a leveraged trade on USO, consider UCO. All trades are at the market close. The......

• Are ETFs a Good Way to Create Secondary Streams of Income? ETFs, or Exchange Traded Funds, are all the rage in the investment world, but so far, they really don’t have much of a track record. This is a fairly new method for investing and the long term data just isn’t there to determine how effective these investments can be over......
• How to Buy Preferred Shares of General Motors or Ford? In the last few days, I've gotten several emails that reminds me of the one (and only) time I sat in on a high stakes poker game. I say this facetiously of course, but I have received numerous requests from friends and readers who are repeatedly asking the same......
• Investing 101: ETFs (Hey kids!  And teenagers, adults, cats who fell asleep on top of the keyboard and anyone else who might be out there reading this; guess what time it is!  That's right, it's Investing 101 Time!  This week, we'll cover the wonderful, wacky world of ETFs!) Q: Alright, so what is......

02/18 – ETF Trading – Loss on USO, UCO

Our etf exit signals finally triggered for this agonizing trade in USO. Unfortunately (and luckily) we took just a small loss in the trade – 0.66%. The leveraged etf trade in UCO yielded a loss of 3.36%.

USO did have a nice rally yesterday – up 1.49% – which helped to minimize our loss. Unfortunately, UCO only rallied .66% – it should have (in theory) rallied twice as much as USO since it’s a “double etf.”

This was our first trading loss of the year and the first since September 2010. Our trading is “high probability trading” – not “guaranteed trading.”

I have no new etf trading opportunities to suggest today. We’ll wait for a broader market trend to offer new etf trading opportunities.

Learn more about the etf trading strategies we use here. They’re 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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Get More Day Trading Strategies …

• 10/14 - ETF Trading - Still No Trades Even with the flat close yesterday, this stock market remains overbought (see the chart of SPY I've posted). As such, I have no new etf trades to suggest. I know our trading system can be boring at times, but patience is our goal. We'll wait for a stock market pull-back......
• 10/30 - ETF Trading - IWM, UWM, EWC, EWT, EWY Same story as yesterday. We're now into a full trading position for all of the etfs we've been following the past week - IWM, UWM, EWC, EWT and EWY. We've scaled-into three trading positions for each etf over the past several trading days. We're just waiting for the market to......
• 06/02 - ETF Trading - Gains on FXI, FXP - USO, SCO Yes! Nice gains on the FXI short trade as our etf exit signal triggered at the close yesterday. We also took etf trading gains on FXP. Our gains were 3.15% for FXI and 6.07% for FXP, all in a 2 day trade. We're still waiting for our exit signals to......

• No Web Site Needed: Secrets Of A Millionaire Affiliate Earning money is not a big deal in today world as there are many way to do so. Apart from this the internet is still adding to the number of ways of making money. Out of the ways on internet the best one to make bucks is the affiliate marketing.......
• Insider Trading Tips CNN's money site has an interesting article on insider trading.David Pajcin had set up an intricate network of spies to provide him with insider information including Businessweek and Merrill Lynch employees, a grand juror and of course strippers. [Whats a wall street story without exotic dancers?]To read more about the......
• Stock Options Vs Buying Stock If you are familiar with the basics of buying stock, you might be wondering why an average investor would ever choose to buy stock options instead of simply buying the underlying security. The answer, in a word, is leverage (but don't forget, leverage cuts both ways). If you are correct......

02/17 – ETF Trading – USO, UCO

To review, we’re into a full trading position for USO (and/or UCO). We’ve scaled-into three trading positions over the past several trading days.

We’re just waiting for USO to move higher from here. We got a good start yesterday with a small gain for the day.

Our 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 than 70. Trade UCO on the signals for USO.

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

Discover the research behind all of these etf trading signals. Get 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 signals, clear explanations, and years of tested results, there is no better place to start finding new trading edges than in High Probability ETF Trading.

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.

• 11/9 - ETF Trading - No Trades Today My apologies for the delayed post - I was having technical difficulties this morning. There are no etf trades for today. We'll wait for our entry signals to trigger on a market pull-back. One of the trading signals I use is the 200 day moving average. David Penn of TradingMarkets.com......
• 06/15 - ETF Trading - USO, SCO, FXI, FXP USO closed higher yesterday, but not enough to trigger a new trade. Take a second short trading position only if the closing price of USO moves higher than our first short trade. Use this signal to make the trade for SCO. FXI closed lower yesterday. We'll only take a third......
• 12/4 - ETF Trading - No Trades Today The stock market fell in the last hour of the trading session yesterday. We'll wait for the market to fall further to trigger some new etf trading signals. What are the signals and strategies I use for etf trading? They're found in High Probability ETF Trading, the book by Larry......

• 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......
• The Top End Five Ways You Can Generate Less Costly Website Site Visitors There is a single tough and quick rule in generating revenue for the internet site: You need a steady flow of web page traffic. If no one goes to your blog, it hardly has a likelihood of producing any earnings. Quite a few web sites have tried and failed in......
• Seasonal Investing Rule #1: How To Use the January Effect To Your Advantage What's "the January Effect"? It's a simple seasonal investing rule that goes something like this: "as goes January, so goes the rest of the year." Seasonal investing is not quite an investment style, but more like a strategy, for making trades that correspond to cyclical market trends around the year. ......

02/16 – ETF Trading – USO, UCO

We’re patiently waiting for our etf exit signals to trigger. USO closed lower yesterday and is about as over-sold as it can get. Be patient, dear trader. We’re due for a correction and hopefully a winning trade.

Our exit signals are triggered when the closing price for USO is higher than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is more than 70. We’re using the latter signal.

Exit the trade in UCO on the signals for USO.

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

Learn more about short etf trading strategies 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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Get More Day Trading Strategies …

• 08/05 - ETF Trading - XLE, DIG Wow - what a sell-off yesterday. We're patiently waiting for our etf exit signals to trigger. XLE closed strongly lower yesterday. XLE is severely over sold and is due for a correction - notice that the RSI 2 is less than 1! You might ask why we don't have a......
• 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......
• 02/04 - ETF Trading - No Trades Today Good morning. My stock screener is telling me that we have no etf trading opportunities today. Markets are in transition. A stock market pull-back will trigger some new etf trading signals. Once we enter an etf trade, we won't always take just one trading position. There are times when we'll......

• Insider Trading Tips CNN's money site has an interesting article on insider trading.David Pajcin had set up an intricate network of spies to provide him with insider information including Businessweek and Merrill Lynch employees, a grand juror and of course strippers. [Whats a wall street story without exotic dancers?]To read more about the......
• How To Be A Smart Investor In Any Investment Environment [I've been a little backed up with my busy schedule of floating in the ocean and hotel pool in Aruba. Oh, and it's not like the steak here is going to eat itself. So while I get back to that, enjoy this guest post from fellow Money Writer, The Digerati......
• 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......

02/15 – ETF Trading – USO, UCO

We’re into a full trading position for USO (and/or UCO). We’ve scaled into three trading positions over the past several trading days.

USO closed lower yesterday and is over-sold (and due for a correction), having closed lower in 7 of the last 8 trading sessions. This is confirmed by the low RSI 2 as shown in the chart below.

Trading patience is required now and we’ll wait for the market to move higher from here. Our 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 than 70. We’re using the latter.

Follow the signals for USO when trading UCO. All trades are at the market close. Please trade responsibly!

How do all of these trading signals work? Find out 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 signals, clear explanations, and years of tested results, there is no better place to start finding new trading edges than in High Probability ETF Trading.

• 12/30 - ETF Trading - No Trades Today Good morning. The markets were basically flat yesterday. SPY moved a bit lower, relieving some of the overbought condition of the index, while DIA remains overbought. We'll wait for a bigger stock market pull-back to trigger new etf trading entry signals. Updated charts of SPY and DIA are posted. Get......
• 12/9 - ETF Trading - USO, UCO, FXI, SPY, SSO Good morning. Yesterday, USO (and UCO) moved lower and you took your second position in the trade. Should these etfs move lower today, take your third position in the trade. Otherwise, our exit signals are triggered when the etf price is greater than it's MA(5), or - for a potentially......
• 11/17 - ETF Trading - USO, UCO Wow, nice one day gain on USO and UCO. We gained 2.99% on USO and 6.24% on UCO! We took our gains yesterday at the market close as the closing prices for these etfs moved higher than their 5 day moving average and the RSI(2) moved above 70. Recall that......

• 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......
• Is It Time To Buy Cisco? Last week, search engine giant, Google (GOOG) jumped 15% in one day. About six weeks ago, I wrote a post stating that Google was undervalued by 33%, and worth buying at around $500 per share. Since then it's jumped to $600, a whopping 20% jump, more if managed to get in......
• Which Dividend Stocks Are Worth Looking At? The market has been defying gravity this summer, with the S&P500 up 49% since March. But most of the appreciation has been in what I consider lower quality stocks. Many homebuilders with doubtful prospects have doubled from their recent lows, while stocks that are somewhat recession proof like McDonalds, Walmart,......