Posts Tagged ‘ugl’

03/11 – ETF Trading – GLD, UGL

Ok. GLD closed lower yesterday and you took your first position in the etf trade. For the leveraged etf trade, you took your first position in UGL. Updated charts are posted below.

Once we trade, we don’t always take just one trading position. There are times when we’ll scale in to the trade – sometimes up to 3 to 4 additional positions. And each position gets a bit larger than the previous position. Larry Connors has a great summary of these strategies which you can review here.

We’ll scale in with up to three 3 positions. So, take a second trading position should GLD close lower today – the same for UGL. All trades are at the market close. Please trade responsibly.

Otherwise, 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.

Join me everyday to follow these etf trading signals. All of the signals and strategies I use for etf trading are found 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.

• ETF Trading - No Trades Today No etf trading today. We'll wait for a market pull-back to trigger our entry signals. All of the signals and strategies I use are found in the book by Larry Connors: High Probability ETF Trading. Get your copy today and be ready for the next trading session. Disclaimer:The content on......
• 10/19 - ETF Trading - GLD, SLV, UGL, AGQ, EWJ, EWY Good morning. Prices for our Friday etf watch list all moved higher. As such, we did not take an initial trading position in GLD, SLV, UGL or AGQ. Stock charts are shown below. Two new etf trading candidates to consider today are EWJ and EWY. Take your first long position......
• 12/31 - Have a Happy New Year No trades for today. However, the markets are starting to roll over.  We'll take a fresh look at the trading signals "next year."   See you on Jan 4.  Happy New Year! In the meantime, get a quick lesson on how to become a high probability trader in this article by......

• 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......
• CE Edmond Ho to Visit Thailand The Chief Executive of the Macau Special Administrative Region will be visiting Thailand in order to strengthen relations and foster cooperation in trade, investment, tourism, and labor. The Director General of the Department of Information, Mr. Trit Jarungwattana, revealed that the Chief Executive of the Macau Special Administrative Region, Mr.......
• 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......

03/10 – ETF Trading – GLD, UGL

Good morning. Not a whole lot is flashing on my stock screener; however, I do have a suggestion for today.

Put GLD on your watch list. Take an initial position should this etf close lower today. GLD has been down 4 days in a row, and looks ready for a rebound. For a leveraged trade on GLD, consider UGL.

GLD – The investment seeks to replicate the performance, net of expenses, of the price of gold bullion.

UGL – The investment will seek to replicate, net of expenses, twice the performance of gold bullion as measured by the U.S. Dollar p.m. fixing price for delivery in London.

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.

• 02/17 - ETF Trading - No Trades Today The broader market is working itself toward an overbought condition - see the high RSI(2) value on the chart for SPY. We'll wait for a stock market pull-back to trigger our etf trading signals. No need to jump into the stock market when the probability for trading success is not......
• 02/22 - ETF Trading - Gains on FXI, FXP On Friday, our etf exit signals triggered for FXI and FXP. We shorted FXI and gained 1.71%. We bought FXP and gained 3.09%. Not bad for one-day trades! All trades were at the market close. I have no etf trading opportunities to suggest for today. The broader market is over......
• 10/12 - ETF Trading - No New Trades Today Good Monday morning. I have no etf trades to suggest today. We'll wait for a stock market pull-back to trigger some new entry signals. All of the signals and strategies I use are found in the book by Larry Connors: High Probability ETF Trading. The strategies have only a few......

• How I Find the Highest Paying Dividend Stocks Whether you believe that dividend investing is one of best forms of passive income or not, it's certainly one of the most reliable ways to boost your ROI over the long haul and in a sideways market. So not surprisingly, one of the questions I've been getting on a regular......
• Gold Jumps: Has It Become Correlated To The Stock Market? I've been an avid collector of gold and silver coins and have been following the prices for a years. Gold is supposed to have a negative correlation with the stock market. This year has proved otherwise. Of course, as we've seen repeatedly in the past, all asset classes correlate to......
• Year End Financial Benchmarks: Net Worth and Property Valuations One of the personal finance tasks that Mr. GoTo likes to complete at the end of each year is to establish and document a few financial benchmarks.  These benchmarks can also be important milestones in a comprehensive retirement plan. Net Worth as a Financial Benchmark First and foremost among these......