ETF Trading Research 11/14/2017
More in a few minutes.
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):
Today we woke up and saw all our overnight holds were higher and managed to get decent profit on all of them and get out DSLV with little damage. We tried only JDST one more time and flipped to JNUG only 1/4 shares but both were small stop outs. The ETF set we have been trading well lately though is DGAZ and UGAZ and now we are playing both sides pretty well. We took our profit on DGAZ and flipped to UGAZ and I think the downside is very limited at nat gas 3.06 on UGAZ (originally I had it 3.07/3.10 as the buy area). As the day went on we tried a trade in SQQQ and UVXY but they didn’t pan out but overall, JDST, DUST, RUSS, DGAZ got us over 3% each with DGAZ getting us 6.18% on 1/2 shares. We could have bought DRIP but the lesson learned there though is to trust the New Red Weekly Trade The Opposite Strategy as it too moved up over 2% where we would have taken profit and now riding the rest. The New Red Weekly Trade The Opposite Strategy works. Volatility is going to happen at times and we did get stopped out of a few; JNUG, NUGT and SQQQ in the past, but in tracking these since I first started doing this October 3rd, and now fine tuning it with the stops and profit goals, the good by far outweighs the bad, especially the last week. From now on, I will make these calls with this system and not hold back and you can judge based on what you see if you want to enter (like DRIP today. I’m trying to set up trading these ETFs as a system only when triggers are met and not second guess the system. I am confident we will have way more winners than losers and some of those winners will go on to be green weekly’s and be even bigger winners.
The only thing I am still working on with these triggers are;
- If we stop out what would be the appropriate buy back as the new reversal trend in it can still be intact.
- If we take our profit on both half shares of 2% or 3% on half shares and more on the 2nd half shares but it has not triggered green on the weekly yet, where is the buy back price?
I am trying to get to the point where we can squeeze more out of these.
As for those of you who swing trade, these are still your best trades when called. You can buy, walk away and have a 2% goal set for 1/2 shares and a stop set on all shares from the beginning. There are ways to set up your system with a trailing stop of 2% and you may benefit even more on them. The odds are with you that they will move higher, not reverse lower. This comes from two years plus now of following these. Why did it take me this long? Well, I don’t have anyone else to turn to as no one else I know trades in and out of these like we do, so it has been trial and error. Most of the errors come from stubbornness so I am trying to eliminate that as well. Those who have stuck with me know I try to find the best way to trade and I appreciate the feedback as it has helped along the way. If you are conservative, trading the New Red Weekly Trade The Opposite (I am going to shorten this to Red Weekly Opposite) is your key to this service now. I think you’ll do well with it. The rest is noise and more risk. Sometimes some good winners, sometimes some losers. I think the Red Weekly Opposite will be the one’s that turn into even something better as we move forward once they go green on the weekly.
Economic Data For Tomorrow
The important Core CPI, Core Retail Sales, pre-market tomorrow. Then Crude Oi Inventories at 10:30.
http://www.investing.com/economic-calendar/
Thursday Afternoon Price
Wednesday Afternoon Price
Tuesday Afternoon Price
DRIP, DWT, LABD, BZQ, DGAZ, RUSS, UVXY, YANG
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):
GUSH, BRZU, LABU, UWT, UGAZ, RUSL, YINN (GUSH new red weekly and BRZU new red monthly)
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!
