ETF Trading Research 10/12/2017
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):
On the two UVXY trades we are about flat on a nothing trading day, but we did get in UGAZ and are sitting on a little profit and last 1/2 shares of UWT and averaged in where it closed. Metals and miners had a mixed day but sitting ok on them after yesterday’s scare before the Fed minutes.
Economic Data For Tomorrow
Tomorrow 4 Fed members speaking. They sure have been out and about the last week. All over the world for central bankers. Core CPI and Retails Sales the big ones pre-market tomorrow.
http://www.investing.com/economic-calendar/
Precious Metals and Mining Stocks
Metals and miners have a divergence today with metals up and miners down. USD/JPY broke to a lower low for the day which is good, but end of day rescued again. I prefer to get this move to 1300 over with overnight NOW. I want to get us into profit on the 9/15 trades where I told everyone to go fishing till mid October (extended from end of last month) and I do think we are off and running soon. If we gap down at all tomorrow, we will try JDST again as we did today for scalps, even though they didn’t offer us much in the way of a scalp today as I had a delay in the alert system I use. Could have got 1% from it. I don’t have to tell you to take profit when it’s there, but I try to. Feeling comfortable with metals but still lurking out there is that darn USD/JPY that isn’t allowed to fall. It will at some point and we will get to our 20%+ returns.
Thursday Afternoon Price
Wednesday 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):
UGAZ, DWT
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):
DGAZ, UWT
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!
