This entry was posted on Sunday, June 17th, 2007 at 10:06 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Running my ETF trend scans tonight, I saw a new buy signal for a familiar symbol, USO. As longer term readers may recall, I first purchased USO back in early March. That trade bounced around for awhile until it became a small loser in early May. Now that I have received a new long signal, I will be buying at market open tomorrow, a bit higher than I sold at in May. While to the novice trader this may seem silly, buying something back 6 weeks later at a higher price than I sold it for, as any experienced trend-follower knows, this is the name of the game. Many small losers and a few huge winners.  An example of the big winners can be found in this post from March 22nd where I mentioned some of the foreign ETFs that had triggered, go back and look at the charts and you’ll see many of them are up double digit percent with EWZ (Brazil) being up ~25% and EWY (South Korea) being up ~20%.
