ETF Trading Research 11/16/2017

Posted November 16, 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):

Took profit of 2% each from LABU and BRZU today, 2 that were on our one’s to watch list. I feel I have fine tuned my system and we’ll look forward to the streak to continue. I feel less emotional trading and more confident now than every since starting this service, if that means anything to anyone. It sure does to me. Trades like UWT and UGAZ have no signals and we should keep tighter stops, but of all trades, outside of one which we still came out ok with, I have traded UGAZ better than anything the last 2 months. I am still overall bullish in it and we’ll trade DGAZ at times too for profit like we already did this week.

Economic Data For Tomorrow

Building permits the big one tomorrow.

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

Stock Market

I had a change of heart yesterday in the afternoon and mentioned SVXY and TQQQ as potential trades but the market didn’t want to play along. Today it did but they took off without us in them. We did however get some from LABU. And at least yesterday we sold TMF, YANG and FAZ with some profit or flat. Trump’s big announcement yesterday was a dud but today the speculation was all about Congress and tax reform. Now we see what’s next. Slightly bullish lean and love that UVXY can go lower and we can look to go long again at some point. Could have probably called SVXY a the open as well like the permanent rule I have with it to buy when futures are higher. But it’s just been too good with UVXY lately to go long SVXY.

Foreign Markets

Last night I said that BRZU comes into play possibly and today it did. We are still in 1/2 shares and we’ll see what we can get from it as long as the markets trend higher.

Interest Rates

TMF got us a small profit as a new green weekly but wanted to just scalp it.

Energy

Data came in bullish for nat gas and we got long UGAZ and fully expected the shenanigans that market makers do. Will sit through them to next week and profit.

Took a little risk with a long in UWT and it is a riskier trade but one that by next week we may go higher with any more flare up in the Middle East.

Precious Metals and Mining Stocks

Metals and miners pretty much took the day off staying in a range. I am still leaning to JDST for profit. Still holding on to dollar higher (it was today) USD/JPY higher (it was today) and gold to 1250 or below.

Wednesday Afternoon Price

Tuesday Afternoon Price

Monday Night Price

Sunday Night 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):

BRZU, YINN, LABU, SVXY, TQQQ,

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):

UVXY, BZQ, YANG, LABD, SQQQ, RUSS (BZQ and LABD 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!

Doug Eberhardt