If you like to bottom fish, here are some ETFs to watch for reversals.
The buy signal for FAS is on a break above $13. Stop at $11.
The buy signal is on a break above $37. Stop at $33.
The buy signal is on a break above $17. Stop at $15.
Finally, a real “Costanza”…………….
The buy signal is on a break above $13. Stop is at $11.
The entry prices are good for Tuesday only, and once an entry is made, be ready to take profits once the ETF starts to move higher. These are short term trades, playing the “asshat dip buyer bounce”. Don’t worry, you’re not in that camp as long as you remember to use trailing stops, position size your trades and don’t stick around to try to make these more of a long trade than they are. You’re dealing with financial companies and a former superpower turned third world country, remember?
Keep it simple, keep it real.
Happy trading.
That is all. Carry on.
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