ETF Trading Research 11/9/2017

Posted November 9, 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):

Turned out to be a good day today. Sure needed one and we made some good moves by locking in profit on many and URA turned out to be a good home run for us. The nice thing there is it wasn’t a leveraged ETF. I will continue to look for bargains outside of the ETFs when I see one. I almost called HYG today. I’ll let the numbers speak for themselves today. If you added them all up, wasn’t a bad day at all and some of you wrote and said you did well. That’s music to my ears. Also, I do like the new system and in improving it, we should watch SQQQ, UVXY and FAZ tomorrow if they open positive. Risk vs. reward with them. They were the 3 that we profited from on the New Red Weekly Trade The Opposite Strategy and still candidates to go green on the weekly next. I’m trying to leave no stone un-turned here.

Economic Data For Tomorrow

No big data tomorrow.

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

Stock Market

Took some profit from FAZ, SQQQ and LABD today as well as UVXY. But I have learned to scalp these until markets prove they can actually go lower. Today we saw the Dow come back over +100 points from the low. That tells you this strategy is the right strategy until central banks stop buying and become sellers. If they ever do.

Foreign Markets

YANG is waiting for YINN to triggered red on the weekly and jumped the gun a little today since it was positive. However, it closed down a penny.

Interest Rates

We sold TMV at the right time and now will wait for some clarification. TMF did trigger red on the weekly but TMV is down since that time. If TMV opens positive tomorrow, it can be a good buy.

Energy

Someone wrote me today that UGAZ was 3 days in a row on hot corner, but it was LABD that was two and didn’t trigger 3, so sorry about that. I didn’t double check as UGAZ has done so well. UGAZ was a new green weekly though. 3.07 is the down leg potential and 3.30 next stop higher. Neutral right now. Nat Gas data today was neutral today too. UGAZ should be a buy at the open any day it opens higher now or goes positive. Or we will buy the dip.

While I have been snake bit on oil of late, it’s mostly because of the bottoming I was expecting in oil. It hasn’t happened because of the turmoil in the Middle East and I need to wake up to that fact. We will buy UWT if it is positive tomorrow and see if Saudi Arabia is ready to go to war and cause havoc in the Middle East.

Precious Metals and Mining Stocks

Somewhat neutral on metals right now. The world is changing and war isn’t necessarily bullish for gold, as the dollar could benefit putting pressure on gold. Slightly bullish right now with the USD/JPY stall and slight TMV pullback. See how it plays out tomorrow.

If UGLD opens positive tomorrow, it may be a good buy.

Thursday Afternoon Price

Wednesday Afternoon Price

Tuesday Afternoon Price

Monday Night Price

Sunday Night Price

Friday 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):

URA, UGAZ, GUSH, BZQ ( UGAZ 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):

DGAZ, BRZU, DRIP (TMF, SVXY, TQQQ 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!

Doug Eberhardt