Larry Connors is the CEO of TradingMarkets.com and co-author of Street Smarts with Linda Raschke. In his lastest article he reveals some of his most profitable trading rules:
"Systematic high probability ETF trading does not need to be difficult. In fact, if you run the following test on all the major equity ETFs, you'll find some eye opening numbers.
1. The ETF is above the 200 moving average.
2. Buy the ETF when the 2 period RSI closes under 2.
3. Buy a second unit if prices close lower than your first entry.
4. Exit when the 2 period RSI closes above 70.
That's it. 4 rules. Run the results for yourself on a basket of equity ETFs going as far back as you have the data on them (the SPYs go back to 1993)." in TradingMarkets.com
I have been following Trading Markets work since 2000 and they provide some of the best quantitative research to retail investors.
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