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......
• 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......
• 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......

• 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......
• 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......
• Just How Safe is Your Money Right Now? Even after the government took the opportunity to step in and bail out one of our largest insurance companies, the stock market still managed to find a way to completely tank, because many investors were not persuaded that this intervention was going to protect their investments. This is when you......

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.......
• Trading Stock Options: Basic Option Trading Strategies and How to Use Them to Profit in Any Market Trading Stock Options: Basic Option Trading Strategies and How to Use Them to Profit in Any Market ISBN13: 9780578041803Condition: NewNotes: BRAND NEW FROM PUBLISHER! 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold! In Trading Stock Options, experienced option trader Brian Burns explains the......
• Profit from Prices: All You Need for Profit in Stock Trading is Stock Prices Profit from Prices: All You Need for Profit in Stock Trading is Stock Prices Profit From Prices, a book for stock market traders, teaches how to find stocks to buy or sell and when. The simple premise of this book is that everybody knows something about something, but the market......

• Equity Trading Sales While there are plenty of day-in-the-life and week-in-the-life stories detailing what you do in investment banking, there’s surprisingly little information on sales & trading. We started to fix that problem by looking at what you do in fixed income – besides bankrupting your firm and causing the economy to......
• How to Sell the Rare Coins in your Coin Collection There comes a time in the life of every coin collector where they need to sell their rare coins that they have in their coin collection. Some are simply uninterested in their collection and are looking to recoup the money they spent on the pieces. Others are in love with......
• Are Stocks A Better Investment Than Real Estate? According to this article in Money Magazine, stocks are a better investment, based on a study taking in account the years 1978 to 2004.While there are some valid points favoring stocks over real estate, I think it was a one sided arguement.Why choose a period where the stock market did......

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.

• 02/17 - ETF Trading - USO, UCO To review, we're into a full trading position for USO (and/or UCO). We've scaled-into three trading positions over the past several trading days. We're just waiting for USO to move higher from here. We got a good start yesterday with a small gain for the day. Our exit signals are......
• 03/10 - ETF Trading - XLE, DIG XLE closed lower yesterday and you took your first long position in the etf trade. An updated chart is posted below. As we discussed yesterday, we'll scale in with up to three 3 positions. So, take a second trading position should XLE close lower today. Otherwise, our exit signals for......
• 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......

• 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.......
• What Does "Buy on the Dips" Actually Mean? Several folks have asked me over the last few weeks what does phrase "buy on the dips" actually mean. The official Investopedia definition is: A slang phrase regarding the practice of purchasing stocks following a decline in prices. After a significant dip in the price of a security or stock index, investors should increase......
• 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......