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.

• 01/22 - ETF Trading - EWH, EWZ, SPY, SSO With yesterday's market sell-off, we now have 3 trading positions in EWH and 2 trading positions in EWZ. Scale into a third and final position should EWZ move lower today. Exit either trade at the market close when the etf price is greater than the MA(5), or - for a......
• 02/19 - ETF Trading - FXI, FXP FXI moved higher at the close yesterday and you took your first short position. Should FXI move higher today, take a second short position. Otherwise, our exit signals are when the closing price of FXI moves below its MA(5) or - for a potentially larger take - when the closing......
• 12/17 - ETF Trading - USO, UCO, FXI Oil moved higher yesterday, and so did our etf trades in USO (and UCO). Our exit signals were triggered as the RSI(2) of the closing price moved above 70. We had a gain of .75% in USO, excluding trading costs. UCO broke even. We took a third trading position in......

• Stock Market Technical Analysis For Swing Trading Day trading in stocks is both risky and difficult. Please consult your financial advisor before attempting to trade actively. TodayTrader is not responsible for any content that may be viewed on this channel. These videos are not meant to be recommendations in the market. Day trading equities requires a retail......
• What is Stock Trading? What is stock trading, how is it different than stock investing, and what part of stock trading is this blog focused on. A stock trader has the same objective as a stock investor: to profit from buying and selling stocks, or stock-related derivatives like stock options. I include equity [[mutual......
• Weakon 238: Stock Beta Just like Wednesday, I’m on a statistics kick.  And like I told you yesterday, beta deserves its own post.  Beta is an interesting measure that you’ll often find listed among stock quotes.  But what is it? Before we start I must warn that while the first half of this post......

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.

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• ETF Trading - USO, UCO, EWH A nice 2.08% gain on USO, yesterday, if you exited on the (MA)5 signal. Otherwise, we're still in the trade for USO and UCO and we'll take our gains on the RSI(2)>70 signal. All etf trades are at the market close. Our signal for EWT did not trigger yesterday. Consider......
• 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.......
• 10/14 - ETF Trading - Still No Trades Even with the flat close yesterday, this stock market remains overbought (see the chart of SPY I've posted). As such, I have no new etf trades to suggest. I know our trading system can be boring at times, but patience is our goal. We'll wait for a stock market pull-back......

• Investing 101: ETFs (Hey kids!  And teenagers, adults, cats who fell asleep on top of the keyboard and anyone else who might be out there reading this; guess what time it is!  That's right, it's Investing 101 Time!  This week, we'll cover the wonderful, wacky world of ETFs!) Q: Alright, so what is......
• Best Trade of 2009 Almost exactly a year ago, I mentioned a paired-trade between the long-term Bond ETF (TLT) and short-term corporate/sovereign bond ETF (AWF).  I went long AWF and shorted an equal dollar amount of TLT. Last week, I closed the position after holding it for just over a year. When I entered......
• buying stocks online, do all trading sites check your credit report?!!? I tried signing up for an account on scottrade and it said it had to check my credit report first! WTF! I didn't end up finishing the sign up cause I did not want them to pull my credit. Why were they trying to do this and does this happen......