In yesterday’s commentary, we said there is currently a lack of new ETF trade setups with low-risk entry points at current levels, but that we were continuing to build an increasing list of ETFs with relative strength to be considered for potential swing trade entry when the stock market pulls back or enters into a new base of consolidation. The moderate decline in yesterday’s session was a good start that caused most ETFs to retrace from their recent highs, but the pullback was not yet substantial enough to cause any individual ETFs on our radar screen to form low-risk entry points for swing trading. However, we continue building to that list with new potential trade setups. Today, we look at the buy setup in Rogers International Commodity Index ETF ($RJA).

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