An exchange-traded fund (ETF) is a basket of stocks that trades on an exchange with the same simplicity and liquidity of an individual stock. By the end of 2007, 546 ETFs were trading on U.S. exchanges and some 450 were in registration. The total asset growth of ETFs has been equally impressive, doubling every year since 1994 and reaching $5.8 billion in 2007. In “Trading ETFs: Gaining an Edge with Technical Analysis” money manager Deron Wagner introduces the major types and families of ETFs and then provides step-by-step guidance to picking and trading funds. Benefits of ETFs include: exposure to equities at a lower level of risk than trading individual stocks, lower fees, and access to markets that were previously difficult and expensive to participate in, including: Government Treasury bonds, international markets, commodities and even currencies. Unlike other books on ETFs, Wagners strategies are based on technical analysis, a method of timing the market that greatly improves an investors chances of predicting short and intermediate term ETF trends. Benefits of Wagners approach include: a “top down” trading strategy that increases an investor's odds of success, a method for identifying the strongest sector indexes, and a method for identifying the ETF families with the greatest relative strength. ETFs are as easy to invest in as mutual funds and they will soon be as popular. Wagners comprehensive catalog of the ETFs now available, his insights into successful trading techniques, and his solid research and informative examples, will be an invaluable resource for everyone trying to come up to speed on this new investment opportunity.

“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. . . .This book is recommended both for professionals. . . as well as for the individual investor.”Clive Corcoran, author, “Long/Short Market Dynamics”

 “An excellent book, backed up by solid research and informative examples. . . .This is one of the most illuminating works on exchange-traded funds written in recent years.”Alan Farley, author, “The Master Swing Trader”

“Deron Wagner has written a terrific book on ETFs based on his extensive experience as a trader. He provides numerous insights and examples of his successful trading style. This is truly a must-read book for anyone who trades or is thinking of trading this fascinating investment product.” Michael Sincere, author, “Understanding Options” and “Understanding Stocks”

Total assets held in exchange-traded funds (ETFs) have increased to nearly $500 billion dollarsan extraordinary increase. ETFs combine the potentially high returns of individual stocks with the diversification benefits of mutual funds. In “Trading ETFs,” trading expert Deron Wagner describes the only ETF-trading strategies that offer traders a greater than fifty-fifty chance of predicting short- and intermediate-term trends. These strategies are based on technical analysis and include his own top-down approach, improving a traders odds in both up and down markets. Wagner introduces the many different types and families of ETFs, including the new sector-specific ETFs that let investors speculate on the direction of particular market sectors, as well as the new bond ETFs, which are excellent vehicles for short-term traders. He also offers details of actual trades he has made, showing exactly how they are done. “Trading ETFs” enables a trader to: determine the direction of the broad market, find sector indexes with the most divergence from the broad market, identify ETF families that show the most relative strength or weakness within the sector, and find the proper timing for entering new ETF trades.

Deron Wagner is the founder and head portfolio manager of Morpheus Capital LP, a U.S. hedge fund, and Morpheus Trading Group, a trader education firm that provides daily technical analysis of leading ETFs and stocks. Wagner is coauthor of “The Long-Term Day Trader” and “The After-Hours Trader,” and he also appears in his popular DVD, “Sector Trading Strategies.” He teaches his trading methodology to nearly 3,000 Internet subscribers of his free weekly newsletter, “The Wagner Weekly,” and has a subscription newsletter, “The Wagner Daily.”  He is a frequent guest speaker at various financial seminars around the world and has appeared on CNBC and ABC.