Posts Tagged ‘uso’

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 FXI as it moved lower yesterday. We’ll patiently wait for the market to correct and trigger our exit signals.

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 than 70; we’ve been using the latter. All trades are at the market close.

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 – available at Amazon.com or save $10 at TradingMarkets.com.

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.

• 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......
• ETF Trading - USO, UCO, EWT Oil retreated yesterday, and we took our initial position in USO and/or UCO. Should these etfs close lower today, take a second position. All etf trades are at the market close. Consider taking a position in EWT should it close lower today. The iShares MSCI Taiwan Index Fund (EWT) seeks......
• 9/10 - ETF Trading - No Trades Today The markets are overbought by our measures. We'll patiently wait for a market pull-back to trigger our stock trading 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 rules and you'll......

• The Great Gilded Bubble Part II: Gold Investing Revisited This is part II because back in March I wrote about a gold bubble.  See, back then, gold was playing around the price of $1000 an ounce.  I likened that price to $100 a barrel oil back in 2008.  I don't pretend to be a market predictor, but after that......
• 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......
• I Share My Asset Allocation (as do 7 other Money Writers) The Money Writers is having a group writing project. Each of us have decided to share our asset allocation and performance from the first of the year to last Friday. You might want to put the children to sleep, this could get ugly. Asset Allocation I would like to say......

12/16 – ETF Trading – USO, UCO, FXI

The major market indices moved lower yesterday and so did FXI. Add a third trading position should FXI close lower today. Our exit signal is triggered when the RSI(2) of the closing price is greater than 70.

Despite the lackluster market yesterday, USO (and UCO) moved higher with the closing price finishing above the 5 day moving average. The MA(5) exit signal resulted in a losing trade. However, our exit signal is triggered when the RSI(2) of the closing price is greater than 70. We’ll follow the trade to it’s conclusion.

Join me everyday to follow the 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.

• 01/15 - ETF Trading - EWH, EWZ Good morning. Yesterday, EWH moved lower and you took your initial position in the trade. Should EWH move lower today, take a second 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 larger gain -......
• 11/4 - ETF Trading - Special Focus on EWC As I mentioned in my previous post, we took a trading loss on EWC, eventhough we followed our etf trading strategies and signals. As much as we would like every trade to be profitable, real trading, even high probability trading, can result in losses. The goal in trading is to......
• 10/13 - ETF Trading - No Trades Today Good morning. This market remains overbought as shown in the chart of SPY I've posted. Note the high RSI(2) value. We'll just have to wait for a stock market sell-off to trigger some new long entry signals. We want to buy when the RSI(2) drops below 25. Subscribe to ETF......

• How To Conquer The World For Fun And Profit Regular readers already know my penchant for collecting Napoleon I era gold coins. Just like Napoleon Bonaparte, I too harbor a secret desire to conquer the world. But unlike Napoleon (or George W. Bush for that matter) I don't want to invade them. I want to prosper by investing in......
• Net Worth Update - May 2008 It's the middle of the month, so it's a time to calculate my net worth. For the last 5 months or so, I've been pretty much break even - spending almost exactly what I've earned. This is not a long-term recipe for success, but it's a lot better than many......
• 10 Off the Beaten Path ETFs That Everyday Investors (Probably) Haven't Heard About Have you noticed that everyone seems more interested in the esoteric, out of the ordinary types of investments these days? I have. Some people might want to buy gold because they're caught up in the fear trade, or others might want to buy raw commodities like oil or natural gas......