ETF For Life!

Guest post by: Sean Hyman
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Euro Dead Zone! - By Sean Hyman

Trading Gold, Silver, Oil and Gas Using ETFs So far this week has been slow in regards to commodity ETFs. Gold continues to shine while silver refuses to make a move higher. Crude oil has a nice bull flag and we are waiting for a breakout and setup while natural gas continues to see selling pressure.

ETF Trading Tip: Waiting for these exchange traded funds to generate low-risk setups and watching our current positions mature is the boring part of trading. It's during these slow times when traders get bored and start taking more risk by entering positions that do not have clear entry and exit points. Not having clear entry and exit points will lead to traders holding on to losing trades and not taking profits on winning trades. Be sure that you enter positions in which you know where you should get out if the trade goes against you and where to take some money off the table if it rallies higher.

GLD ETF Trading - Daily ETF Chart

The gold ETF looks to be in rally mode which means when traders start to take profits we should see a sharp reversal down.

SLV ETF Trading - Daily ETF Chart

Silver has been under performing gold for several weeks now. I think this is because gold is the safe haven of choice for both traders and investors. That being said, silver generally leads gold so this is giving me a red flag. A larger correction in precious metal ETF prices could be just around the corner. But until we see a technical breakdown on the charts, we are staying long.

USO Fund Trading - Daily Fund Chart

The USO oil fund broke out a few weeks ago from the large pennant pattern. The price has been flagging for about 3 weeks now. It looks like we are getting close to a low risk setup so I am keeping a close eye on this fund.

UNF Fund Trading - Daily Fund Chart

Natural gas continues to under perform the rest of our commodities. This fund is starting to look like another good buy point but we need a few things to fall into place before that happens. Let's not jump the gun because this fund is still in a bear market. We are waiting for a setup.

ETF Trading Conclusion:

We continue to wait for trading opportunities to unfold. We focus on taking advantage of low risk setups and avoiding times the market when things are choppy and unclear.

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Euro Dead Zone! - By Sean Hyman

About the Author: Sean Hyman

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See my You Tube videos here that accompany my articles: http://www.youtube.com/results?search_type=&search_query="Sean+Hyman"&aq=f myWealth.com provides affordable, online personal finance courses that enable everyone to effectively manage their money by making sound financial decisions. Making sound decisions is a prerequisite to achieving your financial goals and becoming financially secure. myWealth.com offers numerous courses that cover investing, managing ones personal finances and currency trading. myWealth.com's team of instructors, led by Sean Hyman and Bob O'Brien, pride themselves in thoroughly answering questions and patiently guiding each and every student through the course. Our instructors have years of experience trading various financial markets. They also have years of experience providing financial planning advice to individuals like you.
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