High Probability ETF Trading Report: High Yield Pullbacks and Gains in Real Estate
In my last high probability ETF trading report (“Rally in Real Estate, Bargains in Bonds”), we looked at both recent winners in the ETF market as well as potential new opportunities for high probability traders.
Of the funds mentioned in that report, two remain in oversold territory and are worth watching by high probability traders. These funds – the ^HYG^ and the^JNK^ (below)- have actually moved lower in recent days. This has provided high probability ETF traders with the opportunity to scale-in to these shares as they move lower.
In addition to potential opportunities in junk or high yield bonds, I wanted to highlight one exchange-traded fund that earned five exit signals in our High Probability ETF Trading Software. This fund, the ^ICF^ pulled back into oversold territory above the 200-day moving average in the final days of March and on Monday rallied by more than 2% to trigger exits in five different high probability ETF trading strategies, from the R3 to TPS (Time Price Scale-In).
One strategy high probability ETF traders using the high probability ETF trading software often use is to limit their trading to those exchange-traded funds that earn multiple signals. In doing so, a trader increases the odds that he or she will catch those ETF markets where the edges are the greatest and the potential for success most likely.
Learn more about how to trade exchange-traded funds using our High Probability ETF Trading Software. Click here to launch your free trial today.
David Penn is Editor in Chief at TradingMarkets.com.