ETF Trading Research 1/15/2018
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):
I decided to wait on the trading rules update for the coming automation of the trading service. Everything you need to know is automatically included in the info below except for some miner changes. The part that we have been missing of late, which I followed strictly before, is taking advantage of the green weekly’s. This won’t happen with the automation. In fact, all you will need to know are the signals which will execute automatically with the new system with my input on new red weekly opposite trades and green weekly trades. We will concentrate on these trades but I will give you my opinion on things still with the nightly report on what to expect. I have learned with over 2 years of running this service that my data works and only I get in the way of it. As long as I ignore most of what I read and concentrate on the data, I think we can do better. Much better. The key will be patience for execution, taking profit and keeping stops. I know my mistakes more than anyone and I have created this automation from the ground up with my rules included where your job is simply to buy and sell the signals given. I am literally taking the emotions out of trading. It has taken me this long to do so. I will still give my opinions in the evening, but we are eliminating any delays in calls with the live calls on the www.illusionsofwealth.com website. Over the years I have asked for your opinions and you have provided them and I am excited for what’s to come. We’ll also be adding more ETFs as I will no longer have to do anything manual and can concentrate on research and signals.
Friday started off slow and about an even day, but so far we have a great trade in DGAZ going with Nat gas down 6 cents and I think this week we’ll finally see the turnaround in oil to help our trades. We should also see gold top out as it hit another resistance level and is pulling back some. Don’t worry gold bulls, we’ll be profiting like we did last week with 11% on JDST and ride up with the fall and then finally get long for the bigger move in metals and miners that’s yet to come. Meanwhile, we’ll look for a bottom in nat gas and get long for the bigger move up there too. With the automated system, all of those Golden Rules for Losing Traders in the graphic below will never come into play.
Economic Data For Tomorrow
Only one piece of data tomorrow pre-market.
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!