ETF Trading Research 4/3/2017

Posted April 3, 2017

Today’s Trades

We got a scalp out of JNUG but JDST wasn’t giving us anything. DGAZ did give us profit on the carryover but no real follow through so we went home flat.

Economic Data For Tomorrow

China has a holiday again. ECP President Draghi speaking at 9:30.

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

Stock Market

Just like that the markets have failed. Rather quick turnaround. All the Fed members speaking couldn’t get markets more than a few days up. Rather pathetic performance if you ask me, so we will go short the market in the AM with the new green weekly’s. We use the market open price as our entry. Today we did have a turnaround but I am glad to buy these at the open tomorrow and see if this trend of going short the market can last a bit.

Foreign Markets

If we are going to fall again in the markets then EDZ, RUSS and YANG have to be considered as longs and potential triggers on the green weekly’s.

Interest Rates

TLT is a buy at the open now as it has turned green on the weekly.

Energy

No call in oil right now.

Yesterday I said; “Want to see if we can get a little run out of DGAZ here.” We got a little run but I expect more still. Decided to take the profit today though. UGAZ has gone red on the weekly so we need to buy DGAZ I think if it opens up for the day or starts out down and goes positive for the day. Still too early for more than a scalp to be expected though.

Precious Metals and Mining Stocks

We got a scalp out of JNUG as mentioned above but we have so wonder now what the dollar will do if the market starts to fall. It should go down so we have to lean maybe towards JNUG, but will make the call in the morning. Over 6.90 and I want to be in JNUG though and we got close after hours.

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):

DGAZ, JNUG, NUGT, LABD, RUSL, TZA, BRZU (SDOW, FAZ, BIS, TLT new green on the weekly’s)

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):

UGAZ, JDST, DUST, LABU, RUSS, TNA

(UGAZ, TQQQ and SOXL turned red on the weekly)

Current Trades (Non-Green – Bought/Sold/Hold)

Today’s exit in DGAZ

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.

Please note last week when UGAZ first moved -5% from the high. It was the sign that DGAZ might have been good to look at and now you see why I took some stabs at DGAZ. UGAZ is now red on the weekly.

Doug Eberhardt