ETF Trading Research 11/23/2017

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):

Doing the report early so you all can enjoy tomorrow. Happy Thanksgiving! Friday should be an interesting day and a short day overall. Gold and nat gas may give us good trades.

Took some smaller profits than normal today but UGAZ still a troubled little child that needs to pay attention to the Macy’s Day Parade tomorrow and what everyone is wearing. Supposed to be 37 degrees. First loss in 10 trading days on a Red Weekly Opposite, but it was made up for by the other Red Weekly Opposite’s. Started a new one with LABU. Fed minutes didn’t really offer us any big moves.

 

 

 

 

Economic Data For Tomorrow 

No real data Friday but PMI.

 

 

 

 

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

Stock Market 
 Love how UVXY is getting pushed lower. The move up is going to be fun. Stayed away from the stock market today with the mixed market. Should be a slow day overall but maybe some action in nat gas and gold for us to trade.
Foreign Markets
YINN was up and down and BRZU showed a little life today with RUSL doing the same. We did exit our RUSL trade with decent profit though.
Interest Rates
TMV down again. TMF still holding on to green weekly, even the market has done well last few days.
Energy
Nat gas is being pushed lower but today’s data it actually made a move higher and ended where it started. I do think this is it and 3.10 is the next stop.
Could have maybe got long GUSH and profited, but with the initial reaction lower in UWT and GUSH after the bullish oil data, didn’t want to chance it.
Precious Metals and Mining Stocks
 Seeing a lot of volatility in metals as we decipher if they have made a bottom or not. We’ll go with our signals till we get a leader and right now we don’t have a clear cut winner. We lean slightly bullish with the move up today though but miners are still a laggard.
Wednesday Afternoon Price
Tuesday Afternoon Price
Monday Night Price
Sunday 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):

GUSH, UWT, DGAZ, RUSL, JNUG, NUGT, USLV (GUSH 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):

DRIP, DWT, JDST, UGAZ, RUSS, DGLD, DSLV, DUST,  (LABD and DUST  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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