High Probability Trading Report: Big Rally in Real Estate, REIT ETFs (ICF, RWR, VNQ, IYR)
With U.S. markets following through to the upside in trading on Thursday, traders using High Probability ETF Trading Software were able to lock in gains in a number of exchange-traded funds that had become oversold in recent days.
From the ^RWR^ to the ^VNQ, real estate and REIT ETFs were earning exit signals from three of our high probability ETF trading strategies: the 3-Day High/Low Method, the RSI 10/6 Strategy and the Multiple Days Down/Multiple Days Up (MDD/MDU) Strategy.
Above: Consecutive days in oversold territory above the 200-day moving average signaled an opportunity for high probability traders in funds like the ^IYR^.
What all three of these trading strategies have in common is that they are based on the quantified, mean reversion based research into ETFs as discussed in the book by Larry Connors and Cesar Alvarez, High Probability ETF Trading (click here to order your copy). Named one of the top trading books of 2009 by SFO magazine, High Probability ETF Trading, outlines a new research on how to find the biggest short term edges in exchange-traded funds .
Now, with High Probability ETF Trading Software, traders can put the 7 quantified trading strategies from the book to work in their own trading, with alerts to know when to buy, when to add to positions, and when to sell.
Above. Oversold conditions in ETFs like ^ICF^ provided high probability traders with the chance to buy a deep pullback above the 200-day moving average.
Not only did traders trading real estate and REIT funds using High Probability ETF Trading Software do well, but also those who took advantage of the short term sell short signals in the widely popular ^UNG^ were locking in gains late in the week.
Above. High probability traders continue to find mean reversion a winning way to trade popular ETFs like the ^UNG^, which again reversed after becoming overbought below the 200-day moving average.
With Larry Connors’ High Probability ETF Trading Software, short term traders have access to the same kind of “buy the selling, sell the buying” trading strategies that professional traders have used successfully for decades.
Click here to start your free trial to Larry Connors’ High Probability ETF Trading Software today!
David Penn is Editor in Chief at TradingMarkets.com.