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.

• 08/24 - ETF Trading - SPY, SH, SDS SPY closed higher yesterday, with an RSI 2 greater than 75. Should it close higher today, consider taking your first short position in this etf trading opportunity. SPY - The SPDR® S&P 500® ETF is a fund that, before expenses, generally corresponds to the price and yield performance of the......
• 01/26 - ETF Trading - IWM, UWM IWM closed higher yesterday, and above its 5 day moving average for a small gain of .67%. However, we're waiting for the RSI(2) to close above 70 to trigger our etf exit. Updated charts are posted below. To review, we have a long trade in IWM in progress. Our exit......
• 07/20 - ETF Trading - IWM, UWM IWM closed higher yesterday and you took a gain of 1.65% on the trade if you exited the trade on the 5 day moving average signal. The trade in UWM yielded 3.12%. Updated stock charts are posted below. Another exit signal for IWM, and one that offers a potentially bigger......

• Trading Stocks Guide Many people have heard about online stock trading and how some people have earned extra money from it. However, many of you are hesitant in trying it out since you heard of the risks but it is probably due more on the scarcity of information for beginners. Stock trading......
• Frugal Friday Week 31 When we talk about frugality, the easy targets come to mind, eating out, buying the $5 latte, spending on clothes, etc. All good places to look to save, but today, I'll discuss one that's often overlooked. Investment expenses. The annual expenses for mutual funds run from about .2% to as......
• Trading Stocks Guide 2 Stock trading has numerous benefits as a viable part time occupation. In contrast to a second job, there are no special qualifications to begin. The stock market doesn’t care about your level of success, education, ethnic origin or any personal characteristics. Complex employers, office politics or difficult employees do......

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 - SLV, EWJ, EWY Nice move on SLV yesterday (AGQ, too)! Too bad we didn't get into this trade last Friday. If you got into the trade intraday, take your stock trading gains at the market close today provided the stock price moves above it's 5 day moving average. EWJ started a small move.......
• 10/12 - ETF Trading - No New Trades Today Good Monday morning. I have no etf trades to suggest today. We'll wait for a stock market pull-back to trigger some new entry signals. All of the signals and strategies I use are found in the book by Larry Connors: High Probability ETF Trading. The strategies have only a few......
• 04/11 - ETF Trading - FXY FXY closed higher on Friday, but not enough to trigger our exit signals. We have a full trading position and are patiently waiting for our exit signals to trigger. Trading so close to the 200 day moving average makes for some choppy trading. Keep your seatbelts fastened! Our exit signals......

• Tips For Trading Stocks Online Imagine you are trying to do car repairs, and the only tool you have is a hammer. Sure, you’ll be able to get some jobs done, but they won’t be done properly and you’ll most likely break something else in the process. Trading stocks online is much like that.......
• Stock Trading Boom Online stock trading has created a boom in the industry of stock market. It has made everyone to enjoy the excitement and thrill of stock trading by using your computer system. It has made possible to continue trading even if you are out of town, therefore, you can have......
• Profiting From Investment News I read an email today that mentioned China (who is already the planet’s largest coal consumer) claims it will need an extra 80 million tons by next January. India is also estimated to need an extra 120 million tons, and most other Asian countries are expected to increase demand by......

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.

• 9/30 - ETF Trading - FXI, USO, UCO Good morning. We're still in our etf trades with FXI, USO, and UCO. Our etf trading strategy is to buy additional positions should any of these etfs move lower than our initial entry price. Otherwise, our exit signals are a closing price greater than MA(5) or the RSI(2)>70. It's your......
• 12/14 - ETF Trading - USO, UCO, FXI We have full trading positions for USO (and UCO). FXI moved higher on Friday. As such, we did not take a third trading position in FXI. So, we'll just exercise some patience as we wait for the market to move higher from here. Futures are pointing higher this morning. Our......
• 07/01 - ETF Trading - GLD, UGL GLD closed lower yesterday but not enough to trigger taking a second trading position. We're still in the trade because we're waiting to exit the trade when the RSI 2 for the closing price of GLD moves above 70. If you followed the 5 day moving average exit signal, you......

• When Stock Market Trading Volumes Thin In the days leading up to Christmas, and various other times throughout the year, stock market trading thins considerably.  Trading volume levels decrease as stock exchanges close early and many institutions are simply happy to hold onto their positions and wait out the end of the year with their gains.......
• High Frequency Trading and Why I Couldn't Care Less Rarely do I mention trading here at SF, but late last week, a story emerged that certain Wall Street firms have -- allegedly -- rigged the system so they could peek at the incoming buy orders before the order is actually placed. So you're telling me that someone may actually......
• Cramer Wins Mr Obvious Award! I guess there isn't "always a bull market somewhere"! Jim Cramer just advised people to get out of the stock market saying that stocks might lose 20% this year. Isn't it a bit too late for that prediction? The Dow Jones Index is already down nearly 25% for the year.......