This appendix begins with a discussion on trading the most popular exchange-traded funds (ETFs), followed by instructions on downloading historical daily prices. There are some illustrations of how to utilize some of the more difficult Excel functions (such as using absolute references, drawing column charts, line charts with a trendline, and more examples of statistical functions). It also contains more information on moving averages and the solution to the charting problem in Chapter 1.
Trading the Spiders
Below is a discussion on the importance of using ETFs routinely as an everyday trading instrument.
SPY (known as “the spiders”) routinely has an average daily trading volume in excess of 100 million shares, outpacing the ...