ETF Trading Research 8/22/2016
For the first two weeks we have done well for the service but it is time for some of you to make a decision. For those of you who are ending the 2 week free trial, please note your credit card will be charged for the service starting this week. I want to continue bringing you value and good calls and look forward to much profit in the weeks, months and years to come. I don’t think there is a service like this that can compare and I promise to keep bringing the good calls to you. While some calls may not pan out, we hope that most do and you’ll be able to take advantage of some good doubles and home run calls that always come.
Today’s Trade Alert
RUSS was the late call before close and it did not trigger yet. After hours it is down to 10.99. The play is still to buy over 11.10. The rest of the trades are listed below.
News that Can Affect Tomorrow’s Trades
U.S. Stock Market
Still no call in the stock market and we keep getting teased that we will move lower only to bounce back up. Not easy to trade which is why we haven’t made a call as of yet. Futures are down 1 at 2181.25 and biding time for some news.
Call: Still no call at present. Patience will be rewarded.
Foreign Stock Market
RUSS is a buy on a tick over 11.10. It is a moderately aggressive call but I think one that can lead markets lower if we can get this timing down right.
Call; No call at present any others as we will be patient a bit longer looking for a good play shorting the market.
Interest Rates
TLT has still been in a range and buy the dip seems to be the call still but I don’t like range bound trades. Still bullish longer term on this as you know, but it needs to catch a beat higher to peak my interest.
Energy
UWTI we played about as perfect as we could and now we are long DWTI for what is hopefully good timing as well. Follow the advice above and look for that report to lock in some gains if conservative or sit through and possibly get great gains. Only you know yourself as a trader as to how you play it. Conservative traders don’t risk, they take the profit. You can see from my report the aggressive trades are more risk oriented. Some hit and some don’t. Know yourself and trading becomes easier.
UGAZ was at support and bounced off of it but there was no trade setup as the move was overnight. Keeping an eye on it. Not tied to anything at present.
ERX gave back what it had gained recently and ERY may become a play. It was up 3% today.
Precious Metals Market
I said yesterday that gold and silver were setting up for lower and have not put DUST, JDST as well as DSLV on the buy list as they have triggered green on the weekly. It may take a day to play itself out but can’t really complain about our entry prices. We have given it enough time to develop a mini trend and have to see if we can play this out for some nice profit now, especially if we can get a bounce up in the dollar.
Other Calls
From time to time I will be adding individual ETFs that have triggered long or short based on market trends. These may or may not be leveraged. These types of trades will be more for longer term swing trades for IRA’s where we can catch a good directional rise. I care not what the overall market is doing with these calls and will provide entry and exit strategies.
