ETF Trading Research 12/03/2017

Posted December 3, 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):

The good news on Friday is we didn’t get caught up in the fake news out of ABC on Flynn. We did get long late a couple in JDST and TMV and we should be taking decent profit from them on Monday. UGAZ should be decent profit also. Like to actually get to that 10+ goal before taking half off.

Economic Data For Tomorrow

No big data on Monday.

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

Stock Market

Markets got spooked on Friday with the fake Flynn news. Now futures are up big all around. We saw what UVXY did on such news. We’ll be happy to buy UVXY lower again, maybe around the 13 level which seems to be support. Meanwhile, SVXY and FAS are 2 to look to go long.

Foreign Markets

We had on Friday both YANG and RUSS trigger green weekly so we will see what they do Monday morning with such strong U.S. market futures.

Interest Rates

TMF had a big move on Monday with the Flynn news, but we chose to go long TMV and I think will be rewarded for doing so.

Energy

Nat Gas shot up and the playing of both sides didn’t pan out for us, but we are long UGAZ now and actually nat gas is up 4 cents as I type Sunday night, so should play out well for us. Can still take a day or two, but we should be headed higher and possibly much higher.

Oil we had UWT join GUSH on the weekly green. Will keep an eye on both on Monday.

Precious Metals and Mining Stocks

We were patient, but stuck with the short gold trend as the Flynn news faltered. We are down in gold $6 as I type Sunday evening and should be rewarded on Monday with some decent profit in JDST. I’ll call us out half shares north of $66 but how far north won’t know till then. 1267 was the first support level in gold. Under 1250 still in play. USD/JPY is 112.79 and still has room to move up to 115+ again. Dollar though is down on Sunday to 92.81. Still see 96 possibly here for it.

Sunday Night Price

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:

UVXY, GUSH, UWT, TMF, RUSS RUSS, YANG 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):

DRIP, DWT, TMV, SVXY

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