ETF Trading Research 1/18/2018

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):

Got back on track today and took some decent profit and a couple good conservative trades going. I sent out an email alert this morning on sentiment and today I stuck with those trades for the most part. JDST, UVXY and DSLV turned out good overall and SQQQ we are still in the game. TMV did well and DWT/DRIP coming back to life. Even with the bullish oil data, they moved higher after an initial sell off and a message by me not to panic but buy that dip. Those that did were rewarded.

 

 

 

 

Economic Data For Tomorrow 

No bid data tomorrow except maybe Consumer Sentiment.

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

Stock Market 
Markets finally saw some weakness and UVXY shot up but couldn’t get past 10.10. If it does tomorrow, make sure you are long. We are in 1/2 shares but I lightened up before the close because of the potential of a government shutdown looming.
Foreign Markets
Ignored these today and didn’t call RUSS even though I think it is ripe. YANG fell even harder with the good data out of China for GDP. But retails sales were down in China.
Interest Rates
Yesterday for TMV I said; “Lean TMV now though. Safer trade for conservative traders and I would buy if positive tomorrow and sell if it went negative as a stop. But anytime positive now I would want to be long.” We got long today and are up.
Energy
Staying long DWT and DRIP for good profit. I want 10% minimum here to sell 1/2. We can get oil under 63 and under 60 is the next stop.
Nat gas I ignored today because sentiment is mid-range and the data came out negative and then we got a big reversal. I gave some thoughts and you might have scalped DGAZ for some.
Precious Metals and Mining Stocks
Yesterday I said that JDST “will reward us now I think.” It did. We’ll stay negative gold because of sentiment but at the same time I sold half end of day because of the looming potential of a government shutdown.
Thursday Afternoon Price
Wednesday Afternoon Price
Tuesday Afternoon Price
Friday Night Price
 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. 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! 

 

 

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