ETF Trading Research 4/23/2017

Today’s Trades – Current Trades (Non-Green – Bought/Sold/Hold) – Those highlighted in Yellow we are still long. 

We should be up nicely on all these we held on Monday. Thank you France!

Economic Data For Tomorrow

Tomorrow we have a couple Fed Members speaking and not much important data.

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

Stock Market

On Friday the markets gave back a little of what they gained and I decided to stop out of TQQQ, but we ended up buying it back and adding FAS. Both of these should be up and maybe we’ll see FAS turn green on the weekly this week to join TQQQ. My main reasoning for FAS is it usually moves up with our replacement of TBT, TMV and I do think after this weekend that rates are heading higher and we should see TMF turn red on the weekly. So I bought FAS more as a laggard with the propensity of moving higher if I am right about rates. Futures are up  20 points right now to 2367.50 after the French election results. Not bad.

Foreign Markets

While I stopped us out of RUSS and YANG on Thursday, RUSS did turn red on the weekly quickly and YANG should now too. BZQ triggered green on the weekly and we bought Friday and are up a little but I think we may take the profit and run if we have any left on Monday or stop out with a small loss. .

Interest Rates

TMV should take off now and is a buy. I will call it in the morning.

Energy

Ignored DWT for too long as I was stuck on UWT, trying to pick a point to go long. First two trades didn’t work out and I think we got long at a decent price and oil is up +.25 right now at 49.87 on its way over 50 again.

Still neutral at present with Nat Gas but will entertain a possibility in DGAZ on Monday.

Precious Metals and Mining Stocks

 

We have quite the move lower in the dollar as the Euro shot up but gold is also down big. The dollar is 99.02, down -0.64 and gold  is down -13.90 to 1273.50 after being down 21 earlier to 1264.10. Silver is down 4 cents to 17.96 after hitting 17.61 on the ask earlier. We are positioned well I think with JDST, DGLD and DSLV and may look to lock in some profit on Monday.   On Thursday night’s report I wrote the following for Friday and everything went as planned. “IMPORTANT: What may keep metals up a bit longer is the French vote coming this weekend. But it is more hype than anything else. Next week we should be lower in metals.”  

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):

DWT, DGAZ

Cold Corner (the biggest moved 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):

UWT, UGAZ (RUSS turned red on the weekly)

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. It is also used for tracking the percentage from high to keep a stop on remaining shares. 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 before typically well before they start to fall again. 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 too. 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. You’ll notice in the last column on the right it says “Current percentage from high.” This is your normal stop out for any ETF where I don’t specifically call it per the Trading Rules which lists the trailing stops for each ETF. It is a Trailing Stop percentage from the high and I have noticed the pattern that the closer it gets to 5% the sooner the ETF turns red on the weekly.

SDOW should be turning red on the weekly on Monday. TMF too.

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