Posts Tagged ‘uwm’

05/28 – Gains on IWM, UWM – USO, SCO, FXI, FXP

Yes! Nice gains on the IWM trade. Our etf exit signals triggered for IWM and UWM. We gained 2.83% on IWM and 5.34% on UWM, all in just 7 trading days.

All trades were at the market close. Updated charts are posted below.

If you caught my mid-day post yesterday, you took your first short position in either the USO or FXI trade, or both. For the leveraged trade you took your first position in SCO and/or FXP. These are inverse etfs.

We may take a second trading position in the next day or so should USO or FXI close higher and its RSI(2) > 94. All trades are at the market close. Please trade responsibly.

Otherwise, our exit signals are triggered when the closing price for USO or FXI is lower than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30. You’ll exit the leveraged trades on these signals.

This etf trading strategy is the RSI 90/94 Strategy found 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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  • 12/10 - ETF Trading - USO, UCO, FXI With yesterday's close lower, we're into a full trading position for USO (and UCO). We've scaled into three trading positions over the past several trading days. From our watch list yesterday, FXI moved lower, and we scaled-into our first trading position. Take a second position in FXI should it move......
  • 10/21 - ETF Trading - IWM, UWM, EWZ, EWC New etf trading candidates to consider today included IWM, EWZ and EWC. For a leveraged play on IWM, consider UWM. Take your first long position at the market close, should any of these etfs move lower today. These trading ideas are are based on the etf trading strategies found in......
  • 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......
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1 comment - What do you think?  Posted by Seth - May 28, 2010 at 6:28 am

Categories: ETF Stock Trading, Results   Tags: , , , , ,

05/27 – ETF Trading – IWM, UWM

Ok – let’s try this again. Stock futures and world markets are moving higher this morning. Perhaps we’ll be able to take our etf trading gains today.

IWM closed slightly higher yesterday, but not enough to trigger our exit signals; ditto for the leveraged etf trade in UWM. 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.

Our etf trading strategy has been to scale in with up to three 3 trading positions, but we’ll wait for the market to present the trading opportunities. Take a third trading position today should IWM close lower than 64.12; the same for UWM at 29.37.

Updated charts are posted below. All trades are at the market close. Please trade responsibly.

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.

Let the world’s top fund managers guide you in this market – AlphaClone

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  • 05/18 - ETF Trading - No Trades Today The markets rebounded yesterday afternoon, and so did our etf watch list. We were looking for prices to close lower. As such, we did not take any etf trades yesterday. What about UYG - it closed lower? Yes it did, but for the leveraged trades, I take the etf trading......
  • 01/12 - ETF Trading - TPS Trading Strategy No trades for today. The stock market certainly remains overbought (see the chart of SPY I've posted - the RSI(2) remains very high). We'll patiently wait for the market to trigger our entry signals. In the meantime, get a quick lesson on how to become a high probability trader in......
  • 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......
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1 comment - What do you think?  Posted by Seth - May 27, 2010 at 6:37 am

Categories: ETF Stock Trading   Tags: ,

05/26 – ETF Trading – IWM, UWM

IWM barely closed lower yesterday, but not lower than our second entry price of last Thursday. Consequently, we’re still waiting to take the third trading position in the etf trade. Likewise for the leveraged etf trade in UWM.

Our etf trading strategy is to scale in with up to three 3 trading positions, but we’ll wait for the market to present the trading opportunities. Take a third trading position today should IWM close lower than 64.12; the same for UWM at 29.37.

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. Stock futures and world markets are higher this morning – perhaps we’ll be able to take some gains!

Updated charts are posted below. All trades are at the market close. Please trade responsibly.

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.

Let the world’s top fund managers guide you in this market – AlphaClone

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  • 12/29 - ETF Trading - Scale In Strategies Good morning. My stock screener is telling me that we have no etf trading opportunities today. Markets are in an overbought condition. We'll wait for a stock market pull-back to trigger new entry signals. Once we enter an etf trade, we won't always take just one trading position. There are......
  • ETF Trading - We're Waiting for a Pull-back World markets are down this morning. We're patiently waiting 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. The strategies have only a few rules and you'll be able to......
  • 05/27 - ETF Trading - IWM, UWM Ok - let's try this again. Stock futures and world markets are moving higher this morning. Perhaps we'll be able to take our etf trading gains today. IWM closed slightly higher yesterday, but not enough to trigger our exit signals; ditto for the leveraged etf trade in UWM. Our exit......
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1 comment - What do you think?  Posted by Seth - May 26, 2010 at 6:34 am

Categories: ETF Stock Trading   Tags: ,

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