Posts Tagged ‘xlf’

05/17 – ETF Trading – SPY, SSO, XLF, UYG

Good morning. I have a couple of etf trading ideas for today. We’ll take up to 3 trading positions.

Put SPY on your etf watch list. Take an initial position should this etf close lower today. For a leveraged trade, consider SSO.

Also, for a sector play, put XLF on your watch list. For the leveraged trade, consider UYG. Take an initial position should these close lower today.

SPY – The SPDR® S&P 500® ETF is a fund that, before expenses, generally corresponds to the price and yield performance of the S&P 500 Index.

SSO – ProShares Ultra S&P500 seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the S&P 500® Index.

XLF – The Financial Select Sector SPDR® Fund, before expenses, seeks to closely match the returns and characteristics of the Financial Select Sector Index.

UYG – ProShares Ultra Financials seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the Dow Jones U.S. Financials IndexSM.

All trades are at the market close. Please trade responsibly. These etfs are moving closer to their 200 day moving averages – trading can be a bit more erratic.

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.

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Can’t make a trade? Let Warren Buffett manage your portfolio – AlphaClone

• 11/20 - ETF Trading - EWH, SPY, SSO 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 -......
• 06/10 - ETF Trading - USO, SCO, FXI, FXP We have some etf shorting opportunities today. Consider taking the first short position in USO and/or FXI should these etfs close higher today. If you're unable to short either etf, consider using the inverse etfs - SCO and FXP. However, follow the etf trading signals for USO and FXI. These......
• 12/9 - ETF Trading - USO, UCO, FXI, SPY, SSO Good morning. Yesterday, USO (and UCO) moved lower and you took your second position in the trade. Should these etfs move lower today, take your third 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......

• Where to open a Roth IRA account? I recently opened a Roth IRA account. But the decision making process wasn't an easy one! Here's how I went about choosing a Roth IRA custodian. The most fundamental rule of smart investing is to keep taxes and expenses low. A Roth IRA account by its very nature is tax......
• An Index Fund Investor's Dream: S&P 500 Earnings are at Record Lows If you're an avid index fund investor and still interested in buying stocks, the following chart might be one of the sexiest things you will ever see. Image Credit: Chart of the Day That's right!  Earnings for the S&P 500 index have fallen off a cliff.  They've fallen so low......
• Online Investing and Forex Trading Investing is a great way to become familiar with the financial markets. By starting up an investment account, you will begin to understand how the global markets work. The more you understand the greater the probability that you will earn money instead of losing it. Investing is not a sure......

04/30 – ETF Trading – EWH / Gains on XLF, UYG

Nice gains on the financial trade! Our etf exit signals were triggered for XLF and UYG. We gained 3.76% on XLF and 6.89% on UYG. All in a 2 day trade!

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

We’re still waiting for our exit signals to trigger for EWH. Sell EWH at the market close 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.

I have no other etf trading opportunities to suggest for today. The broader market is now over bought with yesterday’s rally – a stock market pull-back will trigger some new etf trading signals.

FREE Report: Get the most popular chapter of Larry Connors’ best selling book: High Probability ETF Trading – Chapter 8: An Introduction to TPS – Time, Price, Scale-in. Learn one of the best performing ETF trading strategies available and used here at ETF-Stock-Trading.com. Then, get the book to make your own winning trades!

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.

Don’t forget your Mom – Mother’s Day is May 9

• 07/21 - ETF Trading - No Trades Today Stock markets rallied yesterday and the S&P 500 is moving toward an over-bought condition (see the updated chart for SPY below - notice the rising RSI(2) reading). And since the broader market is below its 200 day moving average, a few more up days in the market will trigger new......
• 06/07 - ETF Trading - Gains on USO, SCO Nice gains on the short oil trade - another winning trade. Our etf exit signals triggered for USO and SCO. We gained 4.75% shorting USO and we gained 9.40% on SCO - all in a 5 day trade! All trades were at the market close. Updated charts are posted below.......
• 08/13 - ETF Trading - No Trades Today The stock market selling continued yesterday and looks to continue today. The broader market is becoming oversold on a short term basis. See the low RSI(2) value in the chart for SPY below. Perhaps a day or two of more selling and this market will snap back for some new......

• The Weakening Dollar - II Now we've seen some reasons for the Dollar's continued weakening, how do we profit from this knowledge? Here's a compendium of worthwhile investments that I've been researching. Invest in foreign currencies and foreign bonds If your bank allows you to make foreign currency deposits, that may be the simplest solution.......
• “How To” Start Trading The Forex Market ? How Currencies are quoted and what moves individual currencies? ONE of the individual advantages in FOREX Trading is The become of money you impoverishment to site a occupation (notable as "margin") is all that can be mislaid ! You have to bonk, that despite the super-high leverage offered by few......
• Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings (Wiley Trading) (Hardcover) Review "...a leap forward in sophistication..."  (The Technical Analyst, June 2006) "…well researched ideas…Lien’s expertise really shines through…" (Shares, August 2006)   Written by Kathy Lien—chief strategist for the number one online currency broker in the world—Day Trading the Currency Market reveals a variety of technical and fundamental profit-making strategies......

04/29 – ETF Trading – EWH, XLF, UYG

Stocks rebounded yesterday, but not enough to trigger our exit signals. We have a full trading positions in EWH and our first trading position in XLF and/or UYG. Our etf entry signal for SPY / SSO did not trigger.

For EWH, we’ll patiently wait for our etf exit signals to trigger. Our exit signals are triggered when the etf price is greater than its MA(5), or – for a potentially larger gain – when the RSI(2) is greater than 70.

For XLF / UYG, scale into a second position should these close lower than our initial entry price. Or, exit the trade at the market close when the etf price is greater than its 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.

Have questions about the signals? Learn all the etf trading signals 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.

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.

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

• 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......
• 04/07 - ETF Trading - No Trades Today The broader market remains overbought - see the high RSI(2) value on the chart for SPY. Even the sector etfs are overbought. Nothing we can do - we'll just patiently wait for a stock market pull-back to trigger our etf trading signals. Why trade etfs? John Nyaradi, in an article......
• 07/20 - ETF Trading - No Trades Today The broader market rebounded a bit yesterday but remains oversold (see the updated chart for SPY below - notice the low RSI(2) reading). And since the broader market is below its 200 day moving average, we'll patiently wait for a stock market rebound to trigger new short trading etf signals.......

• What Is Forex Trading? Can You Make Money? Sponsored by online fx trading Trading currencies gives you the option of putting your money into a market that's guaranteed to never crash. This is because the foreign exchange market doesn't go up or down - only the different currencies rise and fall against each other. For example, if you......
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