ETF Trading Research 10/16/2017
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 some good profit from UWT in the pre-market and it did fall. UGAZ we warned on Friday not to take shares home and we got in lower today and sold end of day with some profit. I got conservative on it because we took a little hit in miners today and wanted to aleviate some of that. But we did buy JNUG and NUGT lower. We originally sold NUGT 1/2 shares at 35.23 and last half at 35, and bought back at average cost of 34.25. JNUG we sold at 19.54 and 19, and bought back at 19 and 18.05 (I originally had 18.50 but had the buy at 18.05 not 18). I have moved up the goal on UVXY from 30% to 50% potential return when it finally moves. What will be our signal to stay long? When SVXY goes red on the weekly. I have to feel that time is close at hand. Believe me when I say that his market has come catching up to do for us and I feel the sweep across the board good day is coming again real soon.
Economic Data For Tomorrow
No real market moving data tomorrow. Few minor one’s is all.
http://www.investing.com/economic-calendar/
Precious Metals and Mining Stocks
Only thing I didn’t like about trading metals today is not making that JDST trade offiical to 54 which it hit and not waiting to buy JNUG and NUGT a little longer. Still, like the last entry on JNUG at 18.05.
USD/JPY can do anything and everything overnight, but sticking with a break of 111 to be all in metals and miners for the higher percentage gains that are coming. These will all turn green on the weekly soon enough.
Monday Price
Friday Afternoon Price
Thursday 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):
JDST, DUST, DGAZ, DSLV
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):
JNUG, NUGT, UVXY, UGAZ,. USLV
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!
