Posts Tagged ‘xlf’

06/22 – ETF Trading – XLF, SKF

The S&P Financial Sector ETF closed higher yesterday, generating an etf shorting opportunity. Consider taking a short position in XLF should the etf close higher today.

If you’re unable to short XLF, consider taking the inverse etf – SKF. However, follow the etf trading signals for XLF. SKF is a double inverse etf – please trade carefully.

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

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

We’ll scale in to our trade with a 33-67 ratio – the first trading position at 1/3 of your trading funds; the second trading position (when the closing price pushes the RSI 2 above 94) with the remaining 2/3. All trades are at the market close. Please trade responsibly.

Should we get into the trade, our exit signals are triggered when the closing price for XLF is lower than it’s 5 day moving average, or – for a potentially larger gain – when the RSI 2 is less than 30. Exit SKF on these signals as well.

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 to profit from your own etf trades.

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.

—–

Learn 16 Strategies to Improve Your Trading…

—–

• 08/31 - ETF Trading - No Trades Today We had a promising set-up for a short trade; unfortunately the market sold off yesterday and our trading signals for IWM did not trigger. As such, we did not take the etf short trade. The broader market is nearly oversold (see the updated chart for SPY below - notice the......
• 10/19 - ETF Trading - USO, SCO USO closed higher yesterday, enough to trigger taking a third and final short position. The higher closing price for USO also triggered a third and final long position for SCO. We'll now wait for our etf exit signals. Our exit signal is triggered when the RSI 2 for USO is......
• 11/09 - ETF Trading - XLF, SKF XLF closed lower yesterday, but not enough to trigger our exit signals. Updated charts are posted below. To review, we have a short trade in XLF in progress. Our exit signals for the trade are triggered when the etf price is less than it's MA(5), or - for a potentially......

• Expanding Your Financial Horizons Do you like to dream big or do you prefer to keep your financial dreams in check? The way that you answer this question may have a big impact on your future. If you're consistently dreaming small, you may be shooting yourself in the foot before you ever take that......
• Learn Options Trading To Hedge Your Portfolio In today's turbulent economy, many investors are hesitant to invest in the market because it is plagued with uncertainty. While some sophisticated and hopeful investors still have comprehensive investment portfolios consisting of mutual funds, stocks, and bonds, the percentage of investors who are trading on the market has declined significantly.......
• 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......

11/15 – ETF Trading – Gain on XLF, SKF

A winning trade shorting XLF, though our gain was small. Our etf exit signals for XLF triggered at the market close on Friday and we took a gain of just 0.84%. The leveraged etf trade in SKF yielded a gain of nearly 1.42%. Updated charts are posted below.

We have made 30 winning trades out of 38 for the year. That’s a winning percentage of better than 78%. Our goal is to produce more winning trades versus losing trades. On that goal, we’re still on track.

We were lucky to make a gain outside the bounds of our trading signals. Our trading rules for shorting are to trade short only when the price of an etf is below its 200 day moving average. However, XLF was extremely overbought and was due for a correction, and so we made a small gain instead of losing money with a stop-loss order.

I have no etf trading opportunities to suggest today. We’ll wait for the broader market to make a move to present some new etf trading opportunities.

Now is a great time to learn all about etf trading strategies we use here. They’re all contained in the book by Larry Connors: High Probability ETF Trading. Seriously, 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!

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.

—–

Get More Day Trading Strategies …

• 10/30 - ETF Trading - IWM, UWM, EWC, EWT, EWY Same story as yesterday. We're now into a full trading position for all of the etfs we've been following the past week - IWM, UWM, EWC, EWT and EWY. We've scaled-into three trading positions for each etf over the past several trading days. We're just waiting for the market to......
• 10/20 - ETF Trading - EWJ, EWY Prices for EWJ and EWY moved higher yesterday. As such, our entry signal did not trigger and we did not enter the etf trade. We'll wait for a stock market pull-back to trigger some new entry signals. Updated stock charts are posted below. Want more information about how I trade......
• 02/01 - ETF Trading - No Trades Today Our etf trading signals for SPY did not trigger yesterday. We'll make no trades today. The broader market closed higher yesterday. The chart for SPY shows just how over-bought the market is (see the updated chart for SPY below - notice the very high RSI(2) reading). We'll wait for a......

• 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......
• What is an RSS Feed? RSS Explained An RSS feed is a way of delivering regularly changing web content, automatically to anyone who wants to read it or incorporate it into their own web pages. The term ‘RSS’ stands for ‘Really Simple Syndication’, or ‘Rich Site Summary’. How are RSS Feeds Used? If you are interested in......
• SEO Practices for Having High Quality Content When looking over the mistakes made by newcomers to the WWW internet marketing world, one of them is to assume website content means nothing more than keyword stuffed text. As we all know & appreciate the importance of using the correct keywords, and we all want to get them......

11/12 – ETF Trading – XLF, SKF

XLF closed lower yesterday, but not enough to trigger our exit signals. Asia, Europe and S&P futures are all lower this morning. Perhaps today will be the day we can exit our trade.

Updated charts are posted below.

To review, we have a short trade in XLF in progress. Our exit signals for the trade are triggered when the RSI(2) value of the etf price is less than 30.

For the leveraged trade in SKF, follow the signals for XLF.

All trades are at the market close.  Have a great weekend!

Learn more about etf trading strategies 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.

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.

—–

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

• 03/16 - ETF Trading - XLE, DIG XLE closed lower yesterday, but not enough to warrant taking a third trading position. Updated charts are posted below. Take a third trading position should XLE close lower than 73.83. Otherwise, our exit signals for XLE are triggered when the etf price is greater than it's 5 day moving average,......
• 05/26 - ETF Trading - IWM, UWM IWM closed higher yesterday, but not enough to trigger our etf exit signals. Take a second and final trading position should IWM close lower than our entry price and the RSI 2 falls below 6. Otherwise, our exit signals are triggered when the closing price for IWM is higher than......
• 10/19 - ETF Trading - USO, SCO USO closed higher yesterday, enough to trigger taking a third and final short position. The higher closing price for USO also triggered a third and final long position for SCO. We'll now wait for our etf exit signals. Our exit signal is triggered when the RSI 2 for USO is......

• Successful Investing Tips and Techniques The true, most basic motivation behind investing is to grow our investment. People who have invested before will take their time, looking at the differing companies and the market, trying to predict how a stock will do in a year or two. Those investors whom are without the experience to......
• Head and Shoulders Patterns - Advanced Technical Analysis A couple of my articles were recently accepted and published by eSignal Learning. These articles have to do with some advanced techniques for trading the famous Head and Shoulders pattern. A lot has been written about this chart pattern, but there are some things I have learned from professional traders......
• Trading & Investing Strategies for the Current Environment This guest post comes from Kevin at 20smoney.com, a blog covering financial topics such as investing, money management and the development of income streams. Despite the fact that most people tend to think that a market that has already booked a 60%+ rally is a great time to be invested......