ETF Trading Research 1/9/2018
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 think we’re good with our JDST trades now overall. Now the question is, can we still make a run out of it for more profit and I think the answer is a resounding yes. But I wanted to lock in this run as we hadn’t had any pullback as of yet. Today’s JOLT Jobs numbers coming in worse than expected would have normally been bullish metals but market makers took metals and miners down, mostly miners.
My regret of the day was missing UGAZ at 63-64. Should have done the half share approach.
Took the nice profit from TMV too but got hit on LABD overnight hold as well as DRIP. My goal is to get these back for us so stick with these. The charts are dream charts if you ask me. A little short covering comes and you’ll see.
I think we are sitting good with SQQQ and UVXY may actually give us a pop now. We should find out soon. When it goes, you’ll be happy you stuck with it.
RUSS may take off here soon too.
Economic Data For Tomorrow
Tomorrow’s big one is Crude Oil Inventories. Know your risk heading into it.
http://www.investing.com/economic-calendar/
Today’s Hot Corner and Cold Corner are now listed in the table below with number of days there. The closer we get to 4, the more likely the reversal is coming in the ETF. New Green Weekly’s and Monthly’s are listed in the table also and there is no need to repeat that in this section which I am not going to delete as I work on simplifying the Trading Rules over the weekend to help everyone profit more. Less is more.
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!
