ETF Trading Research 2/21/2018
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):
NOTE: I need your help. I think I broke a record in accolades emails today and if I am doing well, and you are happy, please do me a favor and spread the word for us. Send them to this page and if they sign up I’ll send a free ounce of silver to you after their first month. Just let me know their name please. Send them to this link please and thank you in advance. https://illusionsofwealth.com/profit-in-up-or-down-markets-today-with-the-etf-trading-service/
For you who have been patient, we are getting closer to the big trade long in metals and miners. We got DUST to trigger green on the weekly today but I wanted JDST to trigger as well. Maybe tomorrow. I wanted to start out with this statement today because my goal on the next JNUG trade is 100%. I believe we can get there. And it is possible we do more. It all depends on what price we can get JNUG at. If somewhere around 10, a move to 20 is a given. Maybe 25, and that would be more than 100%. Am I out of my mind saying that? I don’t think so. The hardest part about staying in a leveraged ETF like that is staying the course through the pullbacks. But if we are already up 30% or so, then a 5% to 10% reversal won’t be so hard to stomach. Let’s see how much room the dollar has to go and we’ll profit from JDST as much as we can. But I may start a strategy to buy JNUG any day it opens positive or goes positive during the day here soon. I do NOT want to miss any move up and just like last time I said that, I will take a couple hits with small stop outs if it reverses negative in doing so.
Today started out a little rough and I actually gave a price for JNUG that at least one of you wrote me you took and profited from when we shot up higher after the Fed. It was a classic Fed day where we were driven one way, and it was a little scary mind you, but we reversed and some of you caught that reversal perfectly. I know it’s not easy to buy into a big down move like that, but we are traders and sometimes we have to take the chance. I tried to set things up more than normal with many alerts. I actually preferred the move lower and thought it might sucker in the gold bulls and market longs and it did. I also didn’t want to just scalp it but hold out for more. Today might just be a start that carry’s over to another -1000 point day. We know we are capable of such.
Let’s see also if we can get more out of DRIP which turned green all across and DWT, although the after hours report was bullish for oil. Remember, data coming out tomorrow.
TVIX though was the trade of the day.
Let’s see what overnight action brings and if we can extend the gains. TVIX broke 9 by end of day. Closed 8.82 and was trading over 9 again after hours.
Economic Data For Tomorrow
Big one tomorrow is FOMC meeting minutes in the afternoon. We have to make some decisions possibly before hand on things, but I don’t see much stopping the dollar bounce. Most everything may already be priced in. That said, I have learned to be conservative on Fed weeks of interest rate announcements as well as minutes release.
http://www.investing.com/economic-calendar/
These are the ETFs that have turned green on the weekly and show a trend has developed. Your best way to profit with the service is stick with the green weekly trend each day and take profit while using a trailing stops. 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 more likely it is to turn red on the weekly and the opposite ETF comes into play as a long. This will be tracked more when we automate the service.
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!
New way to trade beaten down ETFs; The way that trade would work, and I really think it should be a rule from now on NOT to trade anything trending down until it reverses, is we would buy at the open if it is POSITIVE or GOES POSITIVE during the day. Then we would look to profit on 1/2 shares over and over, day after day until we get the red weekly signal on the opposite trade that could turn into bigger profits. The stop would be if it goes negative for the day. The rule of keeping a stop if it goes negative for the day is a must. Lastly for this type of trading we need to not be afraid to get back in if it goes positive once again. Sometimes market makers will take an ETF negative and then reverse it right higher again because they know if it goes negative many exit. So we have to be willing to risk a few in and outs when it does this up and down move around that potential stop out area so we don’t miss the ride back up. That’s just part of trading and not a big deal. But no matter what, if it breaks to yet another lower low because you didn’t get out after giving it a little more wiggle room, you are more than likely further from the original stop out when it went negative and you are out, waiting for it to go positive again before you get back in. You are simply buying into strength.
