ETF Trading Research 11/20/2017
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):
Started out with some bad news out of UGAZ with the market lower. Should have sold shares for the over 2% profit on Friday as I said. With no real green weekly to follow, or a trade the opposite of a red weekly, we need to be careful and go with lighter shares until this is resolved. I do think it is resolved shortly to the side of our trade, but not happy about getting a buy trigger by one cent on the second purchase. JDST got us profit from the get go and we managed to sell JNUG and NUGT for profit on remaining shares before tht. We also profited from DSLV and took new positions in DGLD, TMV, DUST and YINN. Please note that the Red Weekly Opposite trades overall are doing quite well. Makes me almost want to just call them, but we would have missed JDST today if we did. The Red Weekly Opposites are all you should be trading right now if you want to build your portfolio and work towards taking on more risk with other calls that can pay out more return possibly. We’ll get back to 10% returns on some of these soon enough.
Economic Data For Tomorrow
We are back to Home Sales again at 10:00, followed by API Weekly Crude Oil Stock in the afternoon and early evening Fed Chair Yellen speaking. We have to watch out for her speeches, which means you might want to lighten up a little on positions by the close tomorrow.
http://www.investing.com/economic-calendar/
DGAZ, DSLV, JDST, DGLD, DRIP, YINN, DUST, BRZU (BRZU 3rd day on Hot Corner) – YINN and DUST new green weeklys)
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):
UGAZ, USLV, UVXY, JNUG, UGLD, GUSH, YANG, NUGT (UGLD and USLV new red weekly’s).
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!
