Posts Tagged ‘xlf’

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 larger gain – when the RSI(2) is less than 30.

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

All trades are at the market close. Please trade responsibly.

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.

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

• 11/5 - ETF Trading - IWM, UWM, EWT, EWY Markets closed a bit higher yesterday and triggered exit signals for EWT and EWY - unfortunately for us, at a loss. We lost 2.18% on EWT and we lost .66% on EWY. Otherwise, we still have full trading positions for any of the remaining etfs we've been following for the......
• 04/27 - ETF Trading - EWH, XLF, UYG EWH closed higher yesterday. As such, you did not take the third trading position in the etf trade. 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......
• 03/15 - ETF Trading - XLE, DIG XLE closed higher yesterday, but still not enough to trigger our exit signals. Updated charts are posted below. Take a third trading position should XLE close lower than 73.83 - trade DIG on this signal for the leveraged trade. Otherwise, our exit signals for XLE are triggered when the etf......

• President-Elect Obama Roundup Another edition of the RCDL roundup. Congrats to President-Elect Obama for winning the election! Frugal | Money Saving Tips: The Christian Science Monitor takes a look at when gift-card promises go unfulfilled. Good points for holiday shoppers. Financial Ramblings writes this winter tip: The Most Beautiful Way To Save Money......
• The Pros and Cons of Investing in ETFs In last decade, specialty ETFs (Exchange Traded Funds) are probably the hottest thing to hit Wall Street since the rise of the discount brokers in the mid 1990s. Initially, ETFs were not very popular because they only tracked the performance of a few stock market indices. However, in today's investing......
• Building a Personal Pension Like the Professionals I think one of the biggest problems that baby boomers are going to encounter is transitioning from accumulation to decumulation.   At 30 I am still young, but it has to be an odd feeling moving from the gathering of assets to partitioning which assets to spend and when.  I recently......

11/08 – ETF Trading – XLF, SKF

XLF closed strongly higher on Friday. The etf is severely over-bought and since we’re short, we’re waiting for our etf exit signals to trigger.

Our exit signals are triggered when the closing price for XLF is lower than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30. We’re using the latter signal.

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

So why didn’t we use stops on our short trade? Some would argue that we should have placed a trading stop at the 200 day moving average. Larry Connors has a great discussion of why stops can actually make your trading returns worse! – you can read it here.

All etf trades are at the market close. Please trade responsibly.

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.

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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Get More Day Trading Strategies …

• 09/02 - ETF Trading - IWM, TWM IWM closed higher yesterday, generating an etf shorting opportunity based on our etf trading signals. Consider taking a short position in IWM should the etf close higher today. If you're unable to short IWM, consider trading the inverse etf - TWM. However, use the etf trading signals for IWM to......
• 12/03 - ETF Trading - No Trades Today The broader market closed higher yesterday, leaving SPY in an over-bought condition (see the updated chart for SPY below - notice the high RSI(2) reading). And, as we discussed yesterday, we will not take a short trade. A market correction will help trigger some new etf trading signals. When we're......
• 01/18 - ETF Trading - No Trades Today The broader market closed higher last Friday, leaving the S&P 500 in an over-bought condition (see the updated chart for SPY below - notice the high RSI(2) reading). A market correction will help trigger some new etf trading signals. To review our trading execution, we won't take just one trading......

• A Proven Way In Which Completely New Dealers Underrate The Complexity Involving Buying And Selling Is When It Comes To Signs Or Symptoms. Online world has made the forex trading probable meant for people from the comfort of their home. Despite the fact that there is a wide popularity of letting computers running the forex trading, it does not suggest that you have to get away from your buying/selling in the hands of......
• Collecting Coins for Beginners When one is interested in coins to the point that they want to become a numismatist, or coin collector, there are many things they need to know. Some basis numismatic knowledge can help a new coin collector get their collection off to the right start. Knowing the basics can also......
• How Day Trading Works According to Einstein One of the most common questions I'm asked is how day trading trends are to be evaluated when looking at more than one time frame. The day trader will be looking at a chart and see the trend is up (for example), but then they look at a chart of......

11/05 – ETF Trading – XLF, SKF

XLF closed strongly higher yesterday, enough to trigger taking a second short position.

However, since XLF is now above its 200 day moving average, we will not take a final 3rd short trading position.

We’ll now just wait for our etf exit signals to trigger. Our exit signals are triggered when the closing price for XLF is lower than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30. We’re using the latter signal. You’ll exit the leveraged trade in SKF on these signals as well.

All etf trades are at the market close. Please trade responsibly.

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. Have a great weekend.

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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Get More Day Trading Strategies …

• 04/09 - ETF Trading - No Trades Today No etf trades for today. The stock market is now bouncing around in neutral territory (see the chart of SPY I've posted). We'll patiently wait for the market to trigger our entry signals. Yes, etf trading can be a lot like fishing - at times just waiting for the fish......
• 10/20 - ETF Trading - USO, SCO USO closed lower yesterday, but just not quite enough to trigger our exit signal. We have a full, short trading position and we're patiently waiting for continued selling. Our exit signal is triggered when the RSI 2 for USO is less than 30. For the inverse leveraged trade in SCO,......
• 04/06 - ETF Trading - FXY We're patiently waiting for our etf exit signals to trigger. FXY closed lower yesterday and it looks like our trade is falling apart. Be patient, dear trader. So why haven't we placed a stop on this trade? Larry Connors has an excellent article about stops, along with some additional research.......

• Strategies in Forex Trading Being a trader in the Forex market has its ups and downs. There are times when you earn lots of profits but there are also times when you lose a great deal too. Foreign Exchange is a complicated, profitable, and risky endeavor. If you"re not ready to take some risks,......
• When is an ETF not Actually an ETF? Exchange Traded Funds have been popular for decades since they provide diversification with the ease of trading and dollar cost averaging.  They have gotten so popular that the actual topic of ETFs now include specific industries, super concentrated funds and even active investing.  However, when is an ETF not really......
• About Option Spread Trading As an introduction to option spread trading you should be sure to do your homework on this subject before taking part in this method of making money in the market. Option spreads can be considered the foundation for many spread trading strategies and it is used by professional traders in......

11/04 – ETF Trading – XLF, SKF

The market closed higher yesterday and so did XLF. You took your first short position in the etf trade. For the leveraged trade, you took your first long position in SKF. Updated charts are posted below.

As mentioned yesterday, we’ll scale in with up to three 3 positions. So, take a second short trading position should XLF close higher today. Otherwise, our exit signals for XLF are triggered when the etf price is less than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30. Trade SKF on the signals for XLF.

All trades are at the market close. Please trade responsibly.

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

• 11/12 - 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......
• 08/12 - ETF Trading - No Trades Today No trades for today. The major market indices have again closed below their 200 day moving averages. With such a strong sell-off yesterday, I expect the selling to continue over the next several days. In any event, let's watch the markets do their thing and we'll patiently wait for our......
• 11/19 - ETF Trading - Gain on SPY, SSO A nice little gain on our S&P 500 etf trade - our exit signals for SPY triggered with yesterday's rally and we took a gain of 1.52%. The leveraged etf trade in SSO yielded a gain of 3.12% - all in a 2 day trade. We didn't have a full......

• Buying and Selling Stocks 101 When it comes to investing in stocks, most people predominantly rely on mutual funds. Mutual funds are a type of professionally managed investment pool that allows you to cast your lot along with thousands of other investors at the same time. Mutual funds are a truly wonderful way for you......
• Dividend Investment Portfolio December 2011 Update If you follow my blog you may remember that my original Perpetual Income Machine eventually morphed into my dividend investment portfolio.  Now every couple months I update those specific stocks which are on my "watch list" for the following months to come. While the stocks I am purchasing change......
• Gartman's Rules of Trading Every year Dennis Gartman publishes his "Rules of Trading." Here they are.DENNIS GARTMAN'S NOT-SO-SIMPLE RULES OF TRADING1. Never, Ever, Ever, Under Any Circumstance, Add to a Losing Position... not ever, not never! Adding to losing positions is trading's carcinogen; it is trading's driving while intoxicated. It will lead to ruin.......

11/03 – ETF Trading – XLF, SKF

Our trading signals for IWM did not trigger yesterday. We’ll wait for another day to trade IWM.

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 may take up to 3 trading positions over the next couple of days. Our first position is 1/6 of our total trading amount. Our second position is 1/3 of our total trading amount. Our third trading position is 1/2 of our total trading amount. As an alternative, you could take your trades in a 20-30-50 ratio.

All trades are at the market close. Please trade responsibly.

Should we get into the trade, our exit signals for are triggered when the closing price for XLF is lower than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30.

Learn why financials are now a good short etf trading opportunity 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.

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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Learn 16 Strategies to Improve Your Trading…

• 10/10 - ETF Trading - USO, SCO Our trading signals for SPY did not trigger on Friday. Let's take a look at oil today. USO closed higher on Friday, generating an etf short trading opportunity. Consider taking a short position in USO should the etf close higher today. If you're unable to short USO, consider taking the......
• 08/03 - ETF Trading - USO, SCO Oil closed higher yesterday, generating an etf shorting opportunity. Consider taking a short position in USO should the etf close higher today. If you're unable to short USO, consider taking the inverse etf - SCO. However, follow the etf trading signals for USO. SCO is a double inverse etf -......
• 09/30 - ETF Trading - USO, SCO Let's take another look at oil; USO closed higher yesterday, generating an etf shorting opportunity. Consider taking a short position in USO should the etf close higher today. If you're unable to short USO, consider taking the inverse etf - SCO. However, follow the etf trading signals for USO. SCO......

• The Trillion Dollar Bailout In the last post I speculated that the bailouts would end up costing the taxpayers upto $1 Trillion. It looks like that has become reality. Here's an email I recieved from Asif Suria, of SINLetter: In an unprecedented move, the current administration unveiled a simple three page plan on Saturday......
• How to Buy Preferred Shares of General Motors or Ford? In the last few days, I've gotten several emails that reminds me of the one (and only) time I sat in on a high stakes poker game. I say this facetiously of course, but I have received numerous requests from friends and readers who are repeatedly asking the same......
• Part 3: Financial Spread Betting Strategies It is well known that spread betting strategies come in many different shapes and sizes, and there is no 'one-size-fits-all' rule that can be applied. The various strategies and techniques that more experienced traders implement are designed to make it easier to predict potentially profitable trades, and to make......