ETF Trading Research 4/9/2017

Friday’s Trades

You can see the recap of Friday’s trades below.

We did well to get out of our JNUG trade with 7% and 5% profit and jump into JDST and get 4% and 6% or so from it. We also got some good profit from DGAZ but gave a little back in some of the short the market ETFs.

I decided to have us go flat with the bizzarro world price action on Friday where we saw whipsaw in metals that most did not see coming (dollar was moving higher and gold/silver were falling off the highs and I wanted to just lock in profit, but dollar kept moving higher).

But the markets too were difficult to judge after a terrible unemployment report which was mixed with a drop in the overall unemployment rate getting some to say another rate increase is coming (which also may have pushed gold lower). For me though it is still dollar inverse related. I do lean short metals for now.

We also got out of our silver trade in USLV with great profit and UGLD with a little profit. For me to sell the silver trade wasn’t easy and it did turn red on the weekly with that fall.

Economic Data For Tomorrow

The only market moving data tomorrow is Fed Chair Yellen speaking at 4:30EDT. Watch out with your carry home trades.

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

Stock Market

I’m neutral with a slightly bullish tint right now.

Foreign Markets

YINN is still green on the weekly so we will keep an eye on it. RUSS and RUSL have been a bit volatile.

Interest Rates

Slight lead to TMV (TBT if following old sheet).

Energy

I think UWT is going to give way to DWT if the bombing rhetoric slows down. The fact it fell from the highs so hard is telling.

UGAZ and DGAZ I’ll be neutral on right now and play whichever one is up for the day in the morning with stops.

Precious Metals and Mining Stocks

Thursday I wrote the following; “The dollar is still the culprit for keeping JNUG and gold from taking off. It needs to trade below 100.32 and then 100 for a bigger move. And gold needs to move over $1,260.” We did get gold over 1260 but the dollar did not cooperate. We will have to stick with JDST for now until the dollar decides to stop moving higher. We were lucky to get something out of JNUG with the overnight Syria bombing it looks like and we locked it in.

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):

RUSS, UVXY, DSLV, DGAZ, UWT

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):

RUSL, USLV, UGAZ, SVXY, DWT

Current Trades (Non-Green – Bought/Sold/Hold)

New Day Trades or Carry Over From Prior Trading Day

We went home flat on Friday.

We did get out of the following;
SDOW 34.87     – .27
BIS 28.49     – .49
TLT 121.13     -.34
FAZ 19.43      -.02

Green Weekly’s

These are the ETFs that have turned green on the weekly and the dates they turned green. This is used for tracking your percentage gains so you know when to take profit for each ETF per the Trading Rules profit taking guidelines. It is also used for tracking the percentage from high to keep a stop on remaining shares. These green weekly’s work as you can see from the %Gain/Loss tables. You won’t get the exact high with your trade but you will also be out before typically well before they start to fall again. Your best way to profit with the service is stick with the green weekly trend and take profit while using a trailing stop on remaining shares. Also, if these green ETFs are up for the day at the open, they offer the best scalping opportunities too. I am always fine tuning this section so if there is confusion at all, email me and be specific and I’ll be happy address.

OLD (with BIS, BIB, TLT, TBT)



NEW (without BIS, BIB, TLT, TBT and with TMF, TMV, DGLD)

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