ETF Trading Research 1/10/2018
For those of you new here, I most of the time have the ETF Trading Research report out by 8PM PDT, and it comes by an RSS feed, but you can look at the report here sometimes before you get it in your mailbox; https://illusionsofwealth.com/category/etf-blogs/ This is also the same link if there are any technical difficulties.
Today’s Trades and Current Positions (highlighted in yellow):
What a difference an overnight statement China made on momentum in metals and miners today. Instead of getting out of JDST quickly I wanted to see if it was just a temporary thing and put on a trade at 53 to add shares. We did move up a point and then the bottom fell out. We got up to just over 53 once again and it started to pull back and we sold out and decided not to give back anymore of the last two days of 1/2 shares profit we made. Got a little out of DUST and DGLD trades and profited on DSLV.
Oil the data came in and it didn’t fall much so we are still holding out for the big run. RSI and Sentiment both are in our favor there. The run will come but the question is right now, from where. DRIP showed some promise end of day for us. Oil should fall very soon.
UVXY I thought we might get a run so instead of selling 1/2 like I should have, held on for the bigger run. When it runs, and gets some momentum, 15% to 30% can come VERY quickly. That’s all I was trying to do was catch a run. It will come too. We are flat on the trade so not hurt and I still think markets are in trouble here.
SQQQ we are doing ok with.
LABD a big disappointment after the red weekly in LABU. Too fast a turnaround and the second trade too wide a stop. I even said when it was 4.06-4.08 that market makers look like they will take it below 4 now. They did. LABU is back green on the weekly so we will monitor LABD for next entry and get it back. I am confident of that. I hate false signals and am determined to get any losses back with future trades. Same with the stop outs in DWT and DRIP. And same with UGAZ mid-December. Below are the returns on UGAZ since the too wide a stop. I am confident and want you to remain so too. One thing I implemented in the Conservative section is the stop out at the days low rather than 2% and the buy back at that same stop out so we don’t miss the trend change that SHOULD occur, back higher.
Economic Data For Tomorrow
See if the Continuing Jobless Claims are weak and what PPI does pre-market and if our trades will benefit. Gold should act to these numbers, good or bad, so happy we are out and can adjust tomorrow to the trade after the China news today.
http://www.investing.com/economic-calendar/
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. 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 typically well before they start to fall again or turn red on the weekly. 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. 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.
I know I have said this many times but it is worth repeating; If you stick with the green weekly trades your odds of profit increase as there is more risk with the day trades. I call the day trades with the intent of catching some runners, so will get a few 1% stop outs but eventually catch the 5% to 10% or more runners. The important part of the list below is that the longer the ETF stays on the list (the one’s at the top of the list by Entry Date) the more likely it is to turn red on the weekly and the opposite ETF comes into play as a long.
Sell half shares on a spike up on any ETF you are long, even if goal is higher. Spikes higher are almost always followed by moves in the opposite direction. Try and get out with a market order quickly before the quick move back lower. Lock in that profit!
