One of the areas that are always worth keeping an eye on during market pullbacks are the ETFs, especially those that are sector oriented. While I like trading among stocks themselves rather than a basket of stocks, often in a downturn that is deep such as the one we are currently in, ETFs can be a good choice to continue to add profits to a portfolio while at the same time perhaps providing investors a higher degree of comfort.
To that end I always watch the ETFs and this morning I entered a trade while another trader obviously believes we have a lot lower to fall. My goal is simple, to earn profit from what I think is a very decent and simple trade. Repairs to this trade though will need more capital if they are needed.
The rest of this article and trade alert is for members.