Comments on: How To Profit From Oil And Silver ETFs In This Stock Market Downturn https://morpheustrading.com/blog/oil-silver-etf-trading/ Learn how to swing trade explosive growth stocks and top cryptos with a proven stock trading strategy since 2002. Tue, 27 Aug 2013 15:37:58 +0000 hourly 1 By: Deron Wagner https://morpheustrading.com/blog/oil-silver-etf-trading/#comment-1243 Tue, 27 Aug 2013 15:37:58 +0000 http://www.morpheustrading.com/blog/?p=2941#comment-1243 As of the mid-day on August 27, $USO has gapped up above resistance of its 8-week consolidation (shown on first chart above).

This should spark bullish momentum that sends $USO substantially higher in the near to intermediate-term.

Here is an updated chart of $USO showing the breakout: http://bit.ly/1cdiBxN

Our open position in $AGQ (silver ETF) doing great since our buy entry as well.

Days like today are great for trading ETFs because ETFs such as commodity ETFs enable us to still profit when stock market going down (due to low correlation to stock market direction).

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