{"id":3001,"date":"2013-08-27T14:07:32","date_gmt":"2013-08-27T18:07:32","guid":{"rendered":"http:\/\/www.morpheustrading.com\/blog\/?p=3001"},"modified":"2013-08-27T14:13:08","modified_gmt":"2013-08-27T18:13:08","slug":"trade-alert-oil-uso","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/trade-alert-oil-uso\/","title":{"rendered":"Swing Trade Alert – Don’t Miss This Breakout In Crude Oil ETF ($USO)"},"content":{"rendered":"

Since I just made two new blog posts yesterday, I am a bit hesitant to post another today because I don’t want to overwhelm readers.<\/p>\n

However, this swing trade alert is timely and actionable, so I wanted to make sure you knew about it ASAP.<\/p>\n

As you may recall from my August 18 blog post (How To Profit From Oil And \u00a0Silver ETFs In This Stock Market \u00a0Downturn<\/a><\/em>), I have been bullish on both Oil and Silver ETFs (and, to a lesser degree, Gold) for the past week.<\/p>\n

Today, my patience is paying off because crude oil ($USO is the main ETF) has convincingly broken out above key resistance of an 8-week base of consolidation. Take a look:<\/p>\n

\"$USO<\/p>\n

In The Wagner Daily<\/em><\/a> newsletter, our current position in $USO is now showing an unrealized price gain of 7.7% since our swing trade buy entry. Also, the position in our leveraged Silver ETF ($AGQ) is now up more 10% since our August 21 buy entry.<\/p>\n

When the main stock market indexes are down sharply (as they are so far today), the benefits of ETF trading really become clear.<\/p>\n

Unlike stocks, most of which are correlated to the direction of the broad market, ETFs enables traders and investors to still profit in a down market because many types of ETFs have low to zero correlation to the overall stock market direction.<\/p>\n

Commodity ETFs such as $USO and $AGQ are two great examples of the above.<\/p>\n

If you’re not yet a subscriber to our nightly swing trading newsletter<\/a>, you may not have added $USO to your portfolio yet.<\/p>\n

If this is the case, a secondary buy entry point into $USO would be a slight pullback to new support of the breakout level (consider a buy limit order around the $38.50 to $38.75 area).<\/p>\n

Good trading to you,<\/p>\n

Deron<\/p>\n","protected":false},"excerpt":{"rendered":"

Since I just made two new blog posts yesterday, I am a bit hesitant to post another today because I don’t want to overwhelm readers. However, this swing trade alert is timely and actionable, so I wanted to make sure you knew about it ASAP. As you may recall from my August 18 blog post […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5,3],"tags":[],"class_list":["post-3001","post","type-post","status-publish","format-standard","hentry","category-stock-picks-analysis","category-stock-trading-strategy"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/3001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=3001"}],"version-history":[{"count":0,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/3001\/revisions"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=3001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=3001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=3001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}