ETF Trading Research 11/30/2017

 

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):

New Red Weekly Opposite streak of overall positive days is still intact. Only by a hair though with us getting stopped out of DWT (that’s what we get for buying into a spike higher). LABU saved the day for us there. See more on DWT below and how I should have just sold with the small loss yesterday because of OPEC today. UGAZ got us today but I thought the entry was ok and do think we move back up. But now we are trading both sides of it and see below for more detail on how that will play out. Did great on JDST and even got some from JNUG today. I wanted to trade lighter today and we saw whipsaw on many ETFs and not going to complain at all that we were patient for the right trades and no, I’m not sweating the UGAZ loss. I think we get it back and get to 10 or 11 soon, and at the same time maybe we can profit from DGAZ in the morning with our first Trading Both Sides trades.

 

 

Economic Data For Tomorrow 

 

 

 

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

Stock Market 
 Crazy up day for the market overall but SVXY ends up negative for the day? Something wrong with that. TQQQ up 2.48% after the beat down it had earlier in the week. Being that UVXY was up most of the day, it was difficult to be bullish the market and jump on something but we did get profit from the LABU trade.
You haven’t seen me negative in awhile, but rest assured, it’s lingering there. All of this hoopla for tax reform and the market shoots higher 331 points today and over 24,000, yet nowhere is there anyone on the Street who can put 2 + 2 together on the results of said tax reform if it passes. The result is an improvement in growth of 0.08%. (that’s less than 1%). The cost is over $1 Trillion, adding to the interest on debt which the Tax Foundation and Heritage Foundation ignores. Tax cuts, according to the Committee for a Responsible Federal Budget, will pay for three-tenths of their $1.4 trillion conventional costs. When there is not real growth, it’s pie in the sky economics. Yet the market breaks a new record.
Foreign Markets
BZQ continued higher today but didn’t concentrate on it. I may have to incorporate a buy price on these that have triggered Red Weekly Opposites and then get back in them as we could have got a few percentage points more out of BZQ today. The same goes for YANG. That’s good news if I can figure out this system. When we finally automate, it will be easier to do.
Interest Rates
TMV up about 1% today with markets up big.
Energy
UGAZ 3 days in a row on hot corner and today gapped down a large amount. We got long and were in profit UGAZ, but it faltered end of day and we got stopped out. I decided then to put on the buy both sides trade. Some of you want to know the reasoning for this as well as how to apply it to other ETFs. The answer is, you can’t apply it willy nilly. And the second answer is, we are still new to this. I tried it with a paper trade in LABU and LABD the other day as I liked the setup and you saw LABU on the one’s to watch list. I even gave a price of LABU that I liked it at and you can still see it in the table at the top at 70.26. LABD we would have been stopped out of if we held it long enough at 2% or so and we would have rode LABU up as much as 9.50% at the high today. So the key here is “conviction” on one side. And the setup to think about this trade is possibly going to be me putting the ETF on the Longer Term Swing Trades or one’s to watch section. Right now, here is where we are with UGAZ and DGAZ after hours. Our goal is 3%+ in DGAZ on a gap lower in the morning, sell it, and lockin profit, and ride out UGAZ. UGAZ around 8 would be a dream as DGAZ would give us some decent profit. We’ll see how it works out. If UGAZ wants to fly, we’ll sell DGAZ at a loss not too great and jump on UGAZ. Our goal is to be just long UGAZ by end of day. Heading into Monday maybe we get the gap up of 7 cents and it starts to fly for us.
 
No trades in oil today. GUSH did turn green on the weekly but successive lower highs since then. One to watch though. Should have not kept DWT overnight with OPEC today but we had such a good day yesterday I thought the risk was ok. Someone actually told me they profited, so that’s nice.
Precious Metals and Mining Stocks
 Lately we have been buying JDST in the morning, taking profit and taking a stab at JNUG in the afternoons. Today though we took some of the profit from JNUG rather than waiting to get out flat on a reversal. JNUG after hours about where we sold shares. Today the reversal didn’t come which means we may move up a hair first in JNUG before JDST comes back into play. I decided to go home flat and just lock in profit. Seems to be working overall. Even when it doesn’t, the selling of some when were are down a hair sometimes makes sense it seems. Food for thought and a reward of advice for anyone who read this far down today. 🙂
 Thursday Afternoon Price
Wednesday Afternoon Price
Tuesday Afternoon Price
Monday Night Price
Friday 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):

Today’s Hot Corner:

DGAZ, LABU, GUSH, BZQ, (DUST and 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):

UGAZ, LABD, DRIP, BRZU,  (LABU 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! 

 

Recent Posts
Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt
0

Start typing and press Enter to search