Trading ETFs Gaining an Edge with Technical Analysis

by Wagner, Deron; Farley, Alan

• ISBN13: 9781118109137
• ISBN10: 1118109139
• Edition: 2nd
• Format: Hardcover
• Copyright: 2012-01-17
• Publisher: Bloomberg Press

Summary

Valuable not only for a comprehensive cataloguing of the vast array of exchange-traded funds that are now available but also for the insights into successful trading techniques, Trading ETFs, Second Edition is a refresh of the definitive guide to this increasingly vital part of the capital markets. The book includes numerous new examples of the kinds of techniques that Wagner uses in his selection of the most timely ETFs to trade and underscores one of the core insights of his trading discipline, which is to 'trade what you see, not what you think.' This book is aimed at professionals who are using-or should be using-ETFs as an asset class within their portfolios, as well as for the individual investor who wants exposure to wider sectors and geographical regions than those available, with comparable cost-effectiveness,elsewhere. Revisions focus on pros and cons and potential pitfalls of trading the latest class of ETFs. The new ETFs include inversely correlated and leveraged ETFs and the dangers, risks, and benefits associated with each new class of ETF. Additionally, a refresher on the initial concept of ETF selection will be included as well as new case studies on ideal entry and exit points and examples of real trades.

Author Biography

DERON WAGNER is the founder and head portfolio manager of Morpheus Capital LP, a long/short equity hedge fund, as well as Morpheus Trading Group, a trader education firm specializing in exchange-traded funds and stocks. Recently, Wagner launched his Hong Kong–based company, DragonCharts, which helps foster the development of traders through education with live online stock analysis webinars, and includes a proprietary stock scanning platform. Wagner is the author of the first edition of this book and coauthor of The Long-Term Day Trader and The After-Hours Trader. He also appears in the popular DVD Sector Trading Strategies and is a frequent guest speaker at various financial seminars around the world. He has appeared on CNBC and ABC. Wagner teaches his ETF investment and trading methodology through his Wagner Daily and Wagner Weekly newsletters.

Table of Contents

Foreword	p. ix
Acknowledgments	p. xi
ETF Overview and Selection
Why Use Technical Analysis with ETFs?	p. 3
Major Types and Families of ETFs	p. 11
ETF Selection Through Technical Analysis
The Top-Down Strategy	p. 31
Finding Indexes with the Most Relative Strength	p. 39
Selecting the Best ETFs	p. 55
Supplementing the Basics	p. 69
Timing Your Entries and Exits
Strategies for Entry	p. 87
Strategies for Exit	p. 99
Ten ETFs Bought Long	p. 113
Ten ETFs Sold Short	p. 139
Fine-Tuning Your Strategy
Tailoring Your Approach	p. 165
Additional Pointers	p. 177
Afterword	p. 191
Suggested Reading	p. 193
About the Author	p. 195
Index	p. 197
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