Posts Tagged ‘upw’

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.

Here’s where you should be:

FXI, EWW – Country ETFs: These moved higher yesterday, and we took our gains on EWW – a nice 2.83% for sitting in the market for 2 days! We’ll patiently wait for FXI to make a move.

USO, UCO – Commodity ETFs: These both moved higher yesterday, but not enough to trigger our etf trading exit signals.

XLU, UPW – Sector ETFs: These both moved higher yesterday and we took our gains. We took only a small .76% gain for XLU, but it’s still a gain. For UPW, we took a gain of 1.76%. Again, these gains are for sitting in the market for just 2 days.

So we’re left with FXI, USO, and UCO. Our etf trading strategy is to buy additional positions should any of these etfs move lower than our initial entry price. Otherwise, our exit signals are a closing price greater than MA(5) or the RSI(2)>70. It’s your call on which exit signal to use.

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

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.

• 03/02 - ETF Trading - FXI, FXP Good morning. FXI moved higher yesterday and you took your first short position in the etf trade. Take your second 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 -......
• 02/11 - ETF Trading - Stock Screening The market is in neutral territory. See the updated chart of SPY below. Let's wait for a stock market pull-back to trigger some new etf trading signals. How do I find etf trading candidates? I use a simple stock screener (stockfetcher.com) and plug in the formulas from High Probability ETF......
• 10/27 - ETF Trading - IWM, UWM, EWC, EWT, EWY Prices for IWM, UWM, EWC, and EWT moved lower at the close yesterday. As a result, we scaled-in to our third and final position for IWM, UWM, and EWC. We scaled-in to our second position for EWT. Should EWT move lower, scale-in to a third and final position at the......

• Finding the Best Markets for Swing Trading and Investing A common question I receive is, "How do I find the best markets to trade?" The inquiry comes mostly from stock traders, but it's applicable to futures and forex traders as well. There are several approaches that can be taken. Here are the ones that I use: Use a scanner......
• The More You Know About Investing, The Less You Know About Investing This is a Guest Post by Rob Bennett who writes the “A Rich Life” blog. He has recorded over 80 podcasts describing how to make the shift from Passive Investing to the new Rational Investing model for understanding how stocks work. A professional baseball player knows more about baseball strategy than......
• Common Sense Advice For Investing In The Stock Market Given the poor performance of the stock market in 2008, its time to go back to the investment basics and make sure you don't forget the important stuff. 1. Only invest in companies that pay a decent dividend (at least 3%) and that have a long history of increasing their......

9/28 – ETF Trading – FXI, EWW, USO, UCO, XLU, UPW

Good morning. Friday’s stock trading action gave us just a few opportunities to scale into our etf trades. Here’s where you should be:

You should be long in the first position for any of the following etfs that I listed last Thursday (9/24).

FXI, EWW – Country ETFs: These moved higher on Friday, but not enough to trigger our exit signals. We’ll patiently wait for the market to make a move. (The highlighted bar in the charts shows today’s etf trading action.)

USO, UCO – Commodity ETFs: A bit of divergence here with USO moving a bit higher and UCO moving a bit lower. Per our rules, that means holding steady on USO and buying an additional position on UCO. However, in my own opinion, when there is divergence between an index etf and a leveraged copy of the index etf, I would follow the signals from the index etf – USO in this example. So, since USO moved higher on Friday, we’re invested only in the intial positions we took for USO and UCO on Thursday.

XLU, UPW – Sector ETFs: These moved lower on Friday. You should have added a second trading position in these etfs.

Our etf trading strategy is to buy additional positions should any of these etfs move lower than our initial entry price. Otherwise, our exit signals are a closing price greater than MA(5) or the RSI(2)>70. It’s your call on which exit signal to use.

All of these trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading. All trades are at the market close.

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

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.

• 9/15 - ETF Trading - USO, UCO It's September 15 - your estimated taxes are due! ******* I know I sound like a broken record, but the major markets remain overbought by our measures. We're still patiently waiting for a market pull-back to trigger our stock trading entry signals. Oil moved lower yesterday. Keep USO and UCO......
• 02/19 - ETF Trading - FXI, FXP FXI moved higher at the close yesterday and you took your first short position. Should FXI move higher today, take a second short position. Otherwise, our exit signals are when the closing price of FXI moves below its MA(5) or - for a potentially larger take - when the closing......
• 12/3 - ETF Trading - No Trades Today This market remains overbought - see the high RSI(2) value on the chart for SPY. We'll wait for a stock market pull-back to trigger some new trading entry signals. All of the signals and strategies I use for etf trading are found in the book by Larry Connors: High Probability......

• Protecting Your Investments In Times of Economic Crisis The United States economy is currently experiencing a serious financial shake up. No one really understands just how deep or how far reaching the damage is going to be, but what we do know is that there is going to be damage, and that we are going to be at......
• Time To Bail On PetroChina? I just sold half my stake in PetroChina(PTR).  Actually I put the order in over the weekend and forgot about it. When I bought PTR, the dividend yield was 4.85%, which is more than you get in most bank CD's. Since the whopping 130%+ run-up in price, the dividend yield......
• 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......