ETF Trading Research 11/21/2017

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 was a professionals day from the start and as it progressed, I got more active in taking smaller profits, even the last 2 trades of the day, to chip away at the UGAZ stop out and the DUST/TMV opening stop outs. But YINN made up for the day and we’ll sit on the remaining ETFs looking for a bounce to take profit. Even though the Red Weekly Opposites were down today with DGLD and RUSL. it’s less than -1% and we are still in the game.

 

 

 

 

Economic Data For Tomorrow 

 

Initial Jobless Claims, Durable Goods, Consumer Sentiment and Expectations, Crude Oil Inventories and FOMC minutes highlight tomorrow.

 

 

 

 

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

Stock Market 
Should have took the trades in TQQQ and SVXY today. Market bull still intact. I will say that UVXY at some point will become attractive. It was attractive at 15 the last time it bounced. Now it is down to mid 13’s. Wait for either the red weekly on SVXY or a day when it trades over the prior days close or opens higher with a close stop. I’ll try and call live based on what I see, but we have to keep it in our radar. LABU the more we go up should be on our radar too if LABD signals red on the weekly.  We’ll have to be on our toes in the afternoon with the FOMC minutes. Could be some traders who stick around and wreak havoc.
Foreign Markets
YINN was the trade of the day today as we got out pre-market with good profit and close to 8% on the final shares. RUSL triggered on the Red Weekly Opposite of RUSS. BRZU after 3 days in a row on the hot list, still had an up day. BZQ may be getting primed though for a scalp at least.
Interest Rates
TMV down with market up. Kind of odd.
Energy
Nat gas still playing with us a bit and knocked us out of the long trade, but DGAZ did not yet signal a green weekly so hoping the data tomorrow is bullish for nat gas and we can get long again. Last week we got bullish nat gas after the data and it didn’t respond well. Rather a disappointment since.
We finally bought UWT today as it turned green on the weekly, and that was enough for us to get 1.05% profit on it before the data. The data was bullish and we’ll look to get long oil if the data tomorrow confirms it.
Precious Metals and Mining Stocks
In last nights report I wrote that for the DGLD and DUST trades we’ll give them a little room to breath the next 24 hours and if stopped out look to get back in or wait for JDST to trigger and get past 66.98 while USD goes above 96 and USD/JPY to 115. We did get stopped out of DUST with a tight stop but not DGLD and we did get some of that back with a trade in JDST. Decided to go home though only with DGLD which came back a little end of day.
Tuesday Afternoon Price
Monday Night Price
Sunday Night Price
Wednesday 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):

YINN, RUSL, SVXY, UWT, TQQQ (UWT new green weekly)

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, YANG, RUSS, SQQQ  (RUSS 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! 

 

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