Good morning. Not a whole lot is flashing on my stock screener; however, I do have a suggestion for today.
Put GLD on your watch list. Take an initial position should this etf close lower today. GLD has been down 4 days in a row, and looks ready for a rebound. For a leveraged trade on GLD, consider UGL.
GLD – The investment seeks to replicate the performance, net of expenses, of the price of gold bullion.
UGL – The investment will seek to replicate, net of expenses, twice the performance of gold bullion as measured by the U.S. Dollar p.m. fixing price for delivery in London.
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.
Related Posts - 02/17 - ETF Trading - No Trades Today The broader market is working itself toward an overbought condition - see the high RSI(2) value on the chart for SPY. We'll wait for a stock market pull-back to trigger our etf trading signals. No need to jump into the stock market when the probability for trading success is not......
- 10/08 - ETF Trading - EWY Today's new etf trading candidate to consider is EWY. Take your first long position at the market close, should EWY move lower today. The iShares MSCI South Korea Index Fund (EWY) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of......
- 12/29 - ETF Trading - Scale In Strategies Good morning. My stock screener is telling me that we have no etf trading opportunities today. Markets are in an overbought condition. We'll wait for a stock market pull-back to trigger new entry signals. Once we enter an etf trade, we won't always take just one trading position. There are......
Related Websites - Tips for Investing Online The concept of doing your investing online through the use of an online web portal has truly revolutionized everything that financial trading is all about, especially in stock exchanges and in the FOREX market. Availability of resources like quick internet connectivity and portable laptop computers has made it even simpler......
- Can someone help me with stock trading terminology? I'm learning how to trade stocks online. When I go to the website, there are five ways to order: 'market' (which I think means I buy and sell the stock at the market price), but what about 'limit', 'stop limit', 'stop', and 'trailing stop'? And re: transactions, I can buy......
- How To Invest In The Australian Stock Market by Michele Perdue The heart of the stock market system in Australia is the Sydney Stock Exchange. The exchange lets investors both foreign and domestic supply the regional companies with the funds that are needed in order to expand the economy of Australia. You can be among the investors that......
The broader market remains overbought (see the updated chart for SPY below – notice the high RSI(2) reading). As such, I have no etf trading suggestions for today. A stock market pull-back will trigger some new etf trading signals.
How do we find the etf candidates to trades? It’s a very simple set of rules to follow. Larry Connors details just how easy it is to find high probability etf trading candidates.
http://etf-stock-trading.com/Finding-Great-ETF-Trades-is-Easy
Discover variations of this and other etf trading strategies 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. Take your ETF trading to the next level in High Probability ETF Trading. This new strategy book, complete with exact trading rules, is backed by over a decade of statistical results.
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.
Related Posts - ETF Trading - AGG, EWT, EWC, GLD AGG moved higher yesterday, and you took your gains at the market close! EWT retreated yesterday. We'll patiently wait for our exit signal in order to take our gains. Among my "watch list" suggestions yesterday, EWC and GLD turned out to be the most promising. Perhaps you took your first......
- 10/15 - ETF Trading - Market Euphoria Euphoria is the word. Despite the Dow crossing the 10,000 mark, stock markets remains overbought. As such, I have no etf trading picks for today. We'll wait for a stock market pull-back to trigger some new trading entry signals. All of the signals and strategies I use for etf trading......
- ETF Trading - EWT, EWC, GLD Three more winning trades! EWT, EWC and GLD all moved higher and we took our gains on our exit signals. Personally, I like the RSI exit signal since it allows for a bigger gain in the trade. However, the RSI signal keeps you "in the trade" a bit longer than......
Related Websites - Stock Market Tips For Beginners: How To Build Investing Experience These stock investing tips focus on the successful investor’s mindset, attitude and behavior. Reminiscing from my failed experiments in investing, I realize now that I fell victim to two types of emotions: Arrogance (I thought I knew what I was doing), and Excitement (I believed I was going to......
- Are ETFs a Good Way to Create Secondary Streams of Income? ETFs, or Exchange Traded Funds, are all the rage in the investment world, but so far, they really don’t have much of a track record. This is a fairly new method for investing and the long term data just isn’t there to determine how effective these investments can be over......
- Yes, You Can Still Retire Comfortably! - A Book Review I read a lot in the areas of personal finance. As a baby boomer, I make sure to include large doses of reading in retirement planning. Regardless of your age, you should do the same. I recently finished reading "Yes, You Can Still Retire Comfortably!" which was authored by Ben......
Categories:
ETF Stock Trading Tags:
