ETF Trading Research 3/16/2017

Today’s Trades

Today there wasn’t much of an opportunity to profit as futures moved lower and while some may have carried UWT overnight for a morning pop, it just couldn’t follow through higher. The rest of the day was a chopfest of trades including UVXY twice that didn’t work out, LABD which was a small scalp. EDC was the new green weekly and it gapped up 1.5 points so we bought at the open and down a hair. YINN was a new buy and it did turn green on the weekly with that gap up today so we’ll officially record tomorrow’s open as the entry price although I could just as easily use 21.46.

JNUG we did a good job of locking in the 1/2 shares we carried over from yesterday where your entry was either 6.15, lower or higher depending on when you got in. Either way, we sold those shares at 7.96 for a nice profit. We then bought lower at 7.46 for 1/2 shares and are holding.

 

 

Economic Data for Tomorrow

Nothing earth shattering tomorrow for data. Being St. Patrick’s day I imagine most will be taking off early and heading to a pub somewhere. So I would expect some fireworks early on and then a quiet afternoon. I suggest you take off early as well. Especially if it is anything like today.

 

 

http://www.investing.com/economic-calendar/

Stock Market

Now that the Fed is out of the way we can get some trends to develop. But so far only BIB triggered red on the weekly so BIS might be one to watch tomorrow. Other than that we are seeing a choppy market which is hard to profit from, so we’ll continue to tread lightly until we get direction.

Foreign Markets

EDC and YINN have now triggered so we have to keep an eye on RUSL now as a laggard.

Interest Rates

TLT took a day off. Still will lean that way.

Energy

Might have to look DWT’s way again as it is still green on the weekly. DRIP I noticed up today too.

Nat Gas a little too choppy to play so steering clear for now. Today’s data had DGAZ up. See what tomorrow brings.

Precious Metals and Mining Stocks

Miners took a day off. That’s just fine. We got out close to the top. That’s just fine. We bought back lower some shares and that’s just fine too. Dollar was down even lower and the break below 100 is the next goal. Might be a little resistance at 100, but then 99.48 is the next goal to break. Dollar is 100.09 as I type. Gold is 1226.20 and silver 17.30, both of which pulled back after big days with the miners yesterday, which also pulled back. Don’t think we are anywhere close to breaking lower but rather busting out higher.

Hot Corner (the biggest movers – 3% or more – or new ETFs that are green on the weekly – those in bold are consecutive days in the Hot Corner):

DGAZ, YINN, RUSL, LABD, DRIP (YINN turned green on the weekly)

Cold Corner (the biggest moved lower 3% or more that are green on the weekly and or weekly/monthly or turned red on the weekly – those in bold are consecutive days in the Cold Corner):

UGAZ, YANG, UVXY, LABU, RUSS, GASL (BIB turned red on the weekly)

Green Weekly’s

YINN is the new green on the weekly. Buy at the open tomorrow if not already in it.


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