ETF Trading Research 11/19/2017

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):

Got some decent profit from UWT, LABU and BRZU, JNUG and NUGT and small gain in SVXY and small loss in TQQQ.

 

 

 

 

Economic Data For Tomorrow 

No real data coming out tomorrow.

 

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

Stock Market 
Futures slightly lower Sunday night. No real data in the morning so market makers will do what they want with stocks to make some money. We should lean long TQQQ and SVXY at the open if futures are higher or if they open lower and go positive. We should be cautious in the morning and keep an eye on the tax reform issue. Art Cashin says the stock market’s split personality could set off a correction at any moment. Worth listening to. https://www.cnbc.com/2017/11/19/markets-split-personality-could-set-off-a-correction-cashin-warns.html
Foreign Markets
BRZU we took a little profit from it and no clear signal right now in the others. Best to wait for a signal now.
Interest Rates
TMV may come into play again this week but we’ll wait for the TMF going red signal.
Energy
Market makers up to their old tricks and pushing Nat Gas lower overnight. We are sitting on some good profit and perhaps should have sold and locked that in on Friday. We’ll see where we open and maybe have already bounced by then off of the 3.07 level.
We sold our UWT for 3% and could have got more but with oil you sometimes get the whipsaw and not going to complain about it.
Precious Metals and Mining Stocks
As much as we got bullish on metals and miners on Friday, we took our profit and now look to get out Monday if we open any lower in price as gold and silver are down slightly. USD/JPY broke 112 here and has bounced above it. Another reason to sell would be USD/JPY over 112.20 and of course the dollar higher. Dollar still has the potential to go to 96. In other words, the smack down in metals isn’t quite through just yet. If we do get a move lower, we’ll keep a close eye on JDST for a trade.
Sunday Night Price
Wednesday Afternoon Price
Tuesday Afternoon Price
Monday Night 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):

UWT, GUSH, JNUG, BRZU, UGAZ, RUSL, UGLD, USLV

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):

DWT, DRIP, JDST, RUSS, DGAZ, DSLV, DGLD, BZQ (DUST and JDST  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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