ETF Trading Research 10/11/2017

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):

Took a little profit in UGAZ today and got UWT going. Still plenty to make in both as we move up, but got a little cautious in UGAZ. Metals and miners had a whipsaw day but if any traders bought that dip they did just fine. 1300 next stop. UVXY is a loser and not sure why anyone in their right mind trades it. Will wait for it to be positive to trade or a SVXY red weekly.

 

 

 

Economic Data For Tomorrow 

Lots of data tomorrow and central bankers speaking, including Draghi. Oil data 11:00.

 

 

 

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

Stock Market 
Markets don’t know how to fall. TQQQ and FAZ keep moving higher but when they signal red on the weekly I want you to go overweight SQQQ and FAS.
Foreign Markets
 YANG did well in recovering and BZQ hanging in there but RUSS stopped out for the new red weekly trade the opposite. No day trade calls by me just yet on them. Just tracking this system to see what optimal sell and stops are at.
Interest Rates
 TMF up 3 days in a row.
Energy
UGAZ teased us with the early pop in Nat Gas. Then the drop, but we did take some profit. Now we’ll look to see where we get back in.
UWT moving higher and we are long 1/2 shares and up.

Precious Metals and Mining Stocks

Yesteday, I wrote; Bottom line, we are just getting warmed up and if we do get one more dip, this will be your termporary all in buy and we will 100% have to get greedy over 1300 gold and 17.50 silver.

Today we saw market makers try to shake us out pre-Fed minutes but we weren’t falling for their tricks and we took off in miners and metals should follow suit now to 1300 gold.

Wednesday Afternoon Price

Tuesday Afternoon Price

 

 

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):

NONE

Cold Corner (the biggest move 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):

JDST, UVXY (DGAZ new red weekly)

 

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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