ETF Trading Research 3/12/2018
ANNOUNCEMENT; The updated for 2018 version of Buy Gold and Silver Safely is available on Amazon.com. In it I provide an updated view on the economy and where we are headed, along with fresh data and analysis on the gold market. I think you’ll appreciate it and get a better understanding of why and how gold fits into a diversified portfolio. Feel free to post this link to social media or send by email to others. You’ll be doing them and you a good service as the more who know about what’s going on, the more who will discover precious metals investing and drive prices for us higher in the long run.
Go to this link: http://buygoldandsilversafely.com/the-book-buy-gold-and-silver-safely-2018-update-announcement/
Also, if you do purchase it, please be so kind to leave a review. It would be greatly appreciated. Thank you in advance.
Today’s Trades and Current Positions (highlighted in yellow):
I want to start off today by saying that when trading, you have to take chances to get some runs. You look for the right setups, you take profit, and if wrong keep stops. Eventually you get some runners. This is especially true with leveraged ETFs. I think some big runners are coming and that includes TVIX, DRIP and SQQQ. Also of course JNUG at some point. The dollar was what held us back today. They pushed it lower as it’s the only thing they can manipulate as they buy the heck out of FANG stocks. Notice how the Dow was down a good amount today but SQQQ couldn’t get going because of all the heavy buying there. Fake markets to me. TVIX tried today and nice to see it had some life in it after Friday. We were somewhat cautious and took our profit and tried one more time and stopped out only by a few pennies. I imagine most of you held it a little longer and that’s fine.
Please pay close attention to the support and resistance levels below. It gives you some insight into why we went long DGAZ when we did today. That trade should work out despite UGAZ going green on the weekly again.
Economic Data For Tomorrow
All about the CPI tomorrow.
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.
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.
