ETF Trading Research 12/06/2017

Posted December 6, 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):

Went the conservative route overall today with JO, WEAT and TMV. UWT didn’t get moving the way we wanted but oil should be good again here soon. See below for more. Missed LABD and wasn’t happy about that.

Green Weekly Potential Profits if bought at open or when above yesterday’s close. Note: The longer an ETF stays green on the weekly, the more it becomes an aggressive trade. I may start moving these ETFs the longer they are on the green weekly to the Aggressive Risk section. For example, UWT and GUSH of late which turned red on the weekly today.

Economic Data For Tomorrow

Initial Jobless Claims and Nat Gas tomorrow.

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

Stock Market

Choppy market today and nothing attractive. I was patient on UVXY and after hours now we are down to 13.40. 13.20 or below was our target to buy, but wait till my call tomorrow as all futures up right now.

Foreign Markets

YANG moved up too much at the open to chase. RUSS should have done a little better than it did with the oil price drop.

Interest Rates

We got long TMV today at 17.33, 11 cents from the bottom. It is 17.50 bid as I type, up almost 1%.

Energy

Natural Gas storage data on Thursday. Like to see us break 7.60 then 7.90 after the data. Until then, have some work to do in nat gas.

Oil storage was better than expected but not for gasoline and that caused a stop out of UWT. You almost expect the opposite these days. To make matters worse, at the same time I had a signal go off for the Red Weekly on UWT and GUSH and we could have profited from them. That said, I think you’ll see UWT at 20.03 as a good buy in the weeks to come as I see oil heading back to 60+. We’ll look to get long on any further weakness.

Precious Metals and Mining Stocks

We have an interesting development tomorrow which will have me bullish JNUG and NUGT if they go positive tomorrow ONLY. I would use the 2% rule to sell half and see what you get from the other half. If they go positive. The reason is 3 days in a row on the cold corner. Otherwise, look at the USD/JPY wait till after hours to start to move up. Very interesting situation we have. But I am negative overall still.

Wednesday Afternoon Price

Tuesday Afternoon Price

Monday Night Price

Sunday Night Price

Thursday 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:

DRIP, DWT, YANG, JDST, DUST, BRZU

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):

GUSH, UWT, YINN, JNUG, NUGT, BZQ

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