Posts Tagged ‘xli’

ETF Trading – XLI, SIJ, IYR, SRS

XLI closed higher, yesterday. And even though it closed above it’s 200 day moving average (in violation of the guidelines set forth in High Probability ETF Trading), this etf, nevertheless, looks overbought and due for a correction.

The same applies for SIJ (inversely).

I added the 50 day moving average on the charts – I find the MA(50) helpful in finding the sub-trend of the larger trend and direction of the stock price.

Take a look at IYR today. Should it close higher, I might short the stock. You could also take a long position in SRS (the double inverse etf). On a related note, read this post by Mike Shedlock. I really don’t think real estate is going to get better any time soon.  Your thoughts?

XLI – Look how the stock price bounced off the MA(50) – resistance?

These trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading.

• 06/15 - ETF Trading - USO, SCO, FXI, FXP USO closed higher yesterday, but not enough to trigger a new trade. Take a second short trading position only if the closing price of USO moves higher than our first short trade. Use this signal to make the trade for SCO. FXI closed lower yesterday. We'll only take a third......
• 9/29 - ETF Trading - FXI, EWW, USO, UCO, XLU, UPW Good morning. We took trading gains yesterday as half of our etf stock picks from last Thursday (9/24) triggered their exit signals. All of these etf trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading. All trades are at the market close.......
• 04/28 - ETF Trading - EWH, XLF, UYG, SPY, SSO With yesterday's market sell-off, we now have 3 trading positions in EWH and our first trading positions in XLF and/or UYG. For EWH, we'll just 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......

• How To Make Money Trading Currency If you are looking to make money trading currency, you have a few options to help you successfully trade. Opposed to the stock market, you don’t have to wait and wait and wait, until something exciting happens. Trading currency is fast paced and you can make money fast and all......
• Setting a Wine Budget When it comes to collecting wine, collecting wine bottles, or really any other type of collection for that matter, one of the first things that you are going to want to have figured out is your budget. Step one in the process of collecting wine is to set your wine......
• Dow Jones Industrial Average [/caption] From Wikipedia, the free encyclopedia A recent graph that illustrates a trading range from the mid-7,000 level to the 14,000 level aside from a low in the mid-6000 level in early 2009. Basically, the average traded at or near the 10,000 range for most of the decade. Recent logarithmic......

ETF Trading – SLV, AGQ, EWY, XLI, SIJ

If you took the intraday stock trade on SLV or AGQ on Monday, you should have exited the trade at the market close yesterday. Each etf closed above it’s 5 day moving average for nice gains.

We did not get into EWY yesterday, as it did not close lower than it’s closing price on Monday.

However, if you took the short trade on XLI, you got in at the closing price of 21.56. Should the price close higher today, short a second position. We want to exit the trade when the price falls below it’s 5 day moving average at the close.

If you couldn’t short XLI, you could have taken a long position on SIJ – a double inverse etf to XLI. SIJ closed at 44.70 – lower than it’s Monday close. Enter a second position should it close lower today. We want to sell when it closes above it’s 5 day moving average.

These trades are based on the strategies found in the book by Larry Connors: 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.

• ETF Trading - TIP, USO, SCO, GLD, FXE The signals for TIP triggered yesterday - we're into the first long unit. USO closed below it's MA(5). Per the rules we've been following, this resulted in a losing trade (it's High Probability ETF Trading - not "guaranteed results" trading). Another exit strategy to consider is to exit the trade......
• 04/05 - ETF Trading - No Trades Today The broader market is back to a short term over-bought condition. Notice the high RSI(2) reading for SPY - see the updated chart below. So why not go short here? Our rules tell us to short an etf only when the etf price is less than it's 200 day moving......
• ETF Trading - USO, SCO There are no new etf trading opportunities to suggest today. We're patiently waiting for the stock market to change course and provide us with new stock trading opportunities. We're also patiently waiting to take our gains on USO and/or SCO. Take your gains when the closing price of USO closes......

• Stock Dividends for Retirement Income Now may be a good time to reconsider using dividend stocks to generate retirement income.  The promise of capital appreciation from stocks and mutual funds has been broken for a lot of us.  Income in retirement is what we need.  So how are baby boomers going to find that income,......
• HOWTO trade commission-free with WellsTrade I recently consolidated all my assets from various brokers to WellsTrade. I actually had 5 different brokers! Since trading in ETFs is a part of my investing strategy, I needed to pay close attention to trading costs. Each $7 I pay in trading commission could potentially mean $24 in 15......
• Setting Up A Forex Account For starters, it would probably be wise to seek out a Forex broker, before you decide to set up a Forex account. These professionals are usually employed by large banks or loan companies due to the huge amounts of capital they need to provide. Check to be sure they are......

ETF Trading – XLI, SIJ

Looking at the stock market mid-day, a shorting opportunity arises with XLI. Short a starting position at the market close should the price close higher than yesterday’s close.

One note of caution – don’t short XLI should it close above it’s 200 day moving average.

As an alternative, you can take a position in SIJ should it’s price close lower than yesterday’s closing price. SIJ is an inverse exchange traded fund.

These trades are based on the strategies found in the book by Larry Connors: 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.

• 11/17 - ETF Trading - USO, UCO Wow, nice one day gain on USO and UCO. We gained 2.99% on USO and 6.24% on UCO! We took our gains yesterday at the market close as the closing prices for these etfs moved higher than their 5 day moving average and the RSI(2) moved above 70. Recall that......
• 11/12 - ETF Trading - No ETF Trades Today No change with the market - it remains overbought. We'll wait for a stock market pull-back to trigger some new etf trading signals. What are the signals and strategies I use for etf trading? They're found in High Probability ETF Trading, the book by Larry Connors. With easy-to-follow trading strategies,......
• ETF Trading - SLV, AGQ, EWY, XLI, SIJ If you took the intraday stock trade on SLV or AGQ on Monday, you should have exited the trade at the market close yesterday. Each etf closed above it's 5 day moving average for nice gains. We did not get into EWY yesterday, as it did not close lower than......

• 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......
• Choosing the Right Types of Investments If you have a regular, traditional type of pension plan, then your employer is responsible for making all of your investment decisions in your place. With most other types of retirement plans that are out there, however, you are the one that is in the driver's seat. Some people believe......
• Articles Versus Blog And Ping - Which Is More Effective At Building Your Sites Search Engine Position? Articles vs. Blog and Ping I think it’s time for many Affiliate Marketers (AM) to reconsider their methods for building their web sites Search Engine position. I have been using Blog and Ping techniques for about a year now, but blog and ping is slowing loosing its effectiveness because so......