ETF Trading Research 7/11/2017

Posted July 11, 2017

Current Positions (highlighted in yellow)

Economic Data For Tomorrow

Tomorrow will be all about what Yellen says and I will find it most interesting what effect it will have on the market. Oil data also out.

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

Stock Market

Notice how the market couldn’t make up its mind today? At one point it fell hard and fast and the next minute reversed. Best to wait for a trend. I do lean towards SQQQ triggering again and TZA I will bet will be the first to trigger if not SQQQ. FAS turning red on the weekly means we should keep an eye on FAZ now and I would trade it long for scalps if it opens positive. Also, keep an eye on SOXS as it was down over 3% two day sin a row and -2.30% yesterday. Due for a technical bounce.

Foreign Markets

YINN joined RUSL and BRZU. YANG simply not happy with a 3rd time a failure. We’ll have a future 30% run in it. I suggested lighter shares in YINN because of the volatility with these ETFs from China. Plus my thinking we reverse lower in the markets.

Interest Rates

TMF we should get long once TMV turns red on the weekly. Safer trade that way.

Energy

Nat Gas we will wait for the clear green weekly to play or if we do still get a dip, buy UGAZ if Nat Gas comes under 2.80. UGAZ 2 days on hot corner so keep an eye on DGAZ.

Oil a little volatile and we’ll see what the data brings tomorrow. Still leaning to short any bounces with DWT.

Precious Metals and Mining Stocks

We finally got the USD/JPY to fall and are long metals full shares. The best thing that happened for us though is the second sign we wanted, a red weekly from DUST. JDST and DSLV turning red would be next up to turn red and then we wait for green weekly and we ride these ETFs for awhile. We’ll still watch the USD/JPY, but hopefully just watch it fall. I can’t wait to utter the words; FINALLY!

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):

UGAZ, BRZU, (YINN new green on the weekly)

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):

DGAZ, YANG, DWT, DSLV, BZQ (FAS, YANG, DUST new 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. 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.

Doug Eberhardt