05/25 – ETF Trading – IWM, UWM
IWM 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. As I write, world markets are selling off strongly. Hopefully, we’ll get our third trading position at a deeply discounted price.
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.
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.
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Let the world’s top fund managers guide you in this market – AlphaClone
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- 10/01 - ETF Trading - FXI, USO, UCO Wow! We took some big gains on USO and UCO, yesterday. Our gain on USO: +6.54%. Our gain for UCO: +11.99%. Recall that we took our entry positions at the market close on 9/24. For FXI, the closing price moved lower than our entry price, so you added a second......
- 05/20 - ETF Trading - IWM, UWM Ok. IWM closed lower yesterday and you took your first position in the etf trade. For the leveraged etf trade, you took your first position in UWM. 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......
- 10/28 - ETF Trading - IWM, UWM, EWC, EWT, EWY We're into a full trading position for IWM, UWM, EWC, and EWT. We've scaled-into three trading positions for each etf over the past several trading days. EWY moved lower yesterday, and we scaled-into our second trading position. Take a third and final trading position in EWY should it move lower......
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Categories: ETF Stock Trading Tags: iwm, uwm
05/24 – ETF Trading – IWM, UWM
Good morning. IWM closed higher Friday. Consequently, you did not 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.
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.
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Categories: ETF Stock Trading Tags: iwm, uwm
05/21 – ETF Trading – IWM, UWM
Good morning. Quite a sell-off yesterday. IWM moved lower yesterday and you took your second position in the etf trade. The same for the leveraged etf trade in UWM.
Should IWM and/or UWM close lower today, take your third position in the trade. Otherwise, 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.
The broader market is turning bearish – SPY has closed below it’s 200 day moving average. All future trades in SPY may be short trades.
Updated charts posted below. All trades are at the market close. Please trade responsibly! Have a great weekend.
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.
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- 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......
- 10/26 - ETF Trading - IWM, UWM, EWC, EWT, EWY Prices for IWM, UWM and EWC moved lower at the close on Friday. As a result, we scaled-in to our second position. Should the market move higher from here, exit the trade at the market close when the etf price is greater than the MA(5), or - for a potentially......
- 05/24 - ETF Trading - IWM, UWM Good morning. IWM closed higher Friday. Consequently, you did not 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......
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Categories: ETF Stock Trading Tags: iwm, uwm























