ETF Trading Research 12/05/2017

 

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):

UGAZ gave us a scare again today but I think we have bottomed. It’s due for a big move higher. We bought and sold UWT in a timely fashion today and had a quick stop out on BRZU as it fell lower. Also, I showed a chart how we could have profited on many Green Weekly’s today using the Trading Rules as we will be incorporating that strategy more once we automate everything. Give us time to work out the kinks though.

 

Green Weekly Potential Profits if bought at open or when above yesterday’s close.

 

 

Economic Data For Tomorrow 

 

ADP Nonfarm Employment Change and Crude Oil Inventories the big ones tomorrow.

 

 

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

Stock Market 
Markets up and down today and wasn’t really interested. You could have scalped UVXY though today if you took the aggressive trade. UVXY didn’t make it positive today but it did look good for a try based on what I was seeing overall. Pay close attention to it tomorrow.
Foreign Markets
BRXU green weekly but didn’t give it a lot of leeway and it did fall. Have to be somewhat neutral these right now.
Interest Rates
 TMF stronger today than I thought it should be, but with markets weak it did ok. Neutral right now here.
Energy
We have the potential of negative natural gas data on Thursday, but everything I see shows colder weather in the next couple weeks so Nat gas should move higher.
API Crude data had a bigger draw than expected and of course UWT falls. Did I ever mention I hate market makers. We were out so it didn’t matter. But let’s lean bullish still.
Precious Metals and Mining Stocks
Stayed away from metals and miners today. JDST did move higher and I said I like gold lower still, but USD/JPY didn’t break out higher and the dollar stalled. JDST did give back some profit end of day. I also said we should start looking at JNUG more now too and put it as a permanent buy when it opens positive or goes positive during the day.
Tuesday Afternoon Price
Monday Night Price
Sunday Night Price
Thursday Afternoon 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):

Today’s Hot Corner:

DGAZ, JDST, DSLV, LABD, DUST (BRZU and DGLD and DSLV new green monthly)

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, JNUG, LABU, USLV, NUGT, (RUSL and UGLD new red monthly)

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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