ETF Trading Research 12/11/2017

Posted December 11, 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):

Played it conservative today and broke down each trade based on risk and went to plan for the most part, meaning if conservative you are up overall. We of course want moderate and aggressive to turn the corner. UWT did today.

Economic Data For Tomorrow

PPI and ECB’s Draghi tomorrow. Then API Weekly Crude Oil in afternoon.

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

Stock Market

SVXY has still been an automatic long if you read the Trading Rules, but we are concentrating on the UVXY trade to get us a big move I think tomorrow. 3 days on the cold corner.

Foreign Markets

We got long RUSL and YINN and should see the 2% come maybe in the morning.

Interest Rates

TMV started the day lower but had a good comeback and we are still long.

Energy

Oil I said in last nights report that it looks ready to go and today we got long. We have to be leery of it with it 3 days on the hot corner, so we may try and take profit before the end of day data if we can. GUSH also triggered long. That said, I think no matter what the moves we are headed to over 60 in oil.

Nat gas was up for today, and that’s the good news, but off its highs. 3.00 break is next up this week I think.

Precious Metals and Mining Stocks

Precious metals neutral overall and a small bounce possibly before another leg lower.

Monday Night Price

Friday Night Price

Thursday Afternoon Price

Wednesday Afternoon Price

Tuesday 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:

RUSL, GUSH, SVXY, UWT

(UWT 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):

UVXY, RUSS, DRIP, LABU

(RUSS and YANG 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