ETF Trading Research 7/12/2017

Current Positions (highlighted in yellow) – Was a good all around day for our trades.

Economic Data For Tomorrow

Continuing Jobless Claims, PPI, More Fed Chairman Yellen, Nat Gas tomorrow.

Stock Market
We had 3 ETFs turn green on the weekly today, LABU, TNA and UDOW and they are buys at the open. However, I would put a tighter stop on them or use smaller shares as the market jumped extra today because of Yellen’s comments and to me that can sometimes be a false move, so be careful.
Foreign Markets
 YINN joined RUSL and BRZU all took off for us together and we took some good profit in all 3. We are back in BRZU and still holding 1/2 shares YINN and will look to get back in on any strength per the rules.

Interest Rates

TMV turned red on the weekly and we have to lean long TMF now.

Energy

DGAZ did gap up but didn’t take off, at least not yet. Still lean this way until we can get Nat Gas under 2.80 but will wait for the data tomorrow.

Super ridiculous move in oil today after the data. We will jump on something soon. Have to figure out if bull is back or not right now. DRIP did turn red on the weekly so have to look to GUSH for now.

Precious Metals and Mining Stocks

Today we got a taste of what metals can do with just a few words coming from Fed Chairman Yellen. That said, not being green on the weekly, and as hard as it was to do, we took the profit on 1/2 shares of JNUG and NUGT. We look to buy back lower now, ideally. USD/JPY moved up and took a little of our profit but still did ok. We need the USD/JPY to get under that 113 mark and that might get JNUG and NUGT triggered green on the weekly.

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):

BRZU, RUSL, YINN, SOXL, TQQQ, LABU, DGAZ (TNA, UDOW, LABU 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):

RUSS, YANG, UVXY, BZQ, SOXS, UGAZ, LABD (TMV and DRIP 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. 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.

 

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