ETF Trading Research 8/29/2016

The hardest thing to do as a traders is sit and wait for a trade to come as we are anxious to be in the game. But this patience is also an attribute of a good trader as they let the trade come to them. A good trader knows the profit they make from being patient outweighs the chasing of profits that can from by trading too much. There will be some scalp calls from time to time but these calls have more risk associated with them. But with scalps we can get some nice gains at times that should make up for getting stopped out if the timing isn’t perfect. Reading the Trading Rules can help guide you to profit the most from this service.

Today’s Trade Alert

There were two new trades today.

News that Can Affect Tomorrow’s Trades

Nothing much to report.

U.S. Stock Market

Choppy markets are hard to trade and after futures were lower overnight in Asia and Europe, they creeped higher into the U.S. session and were green by the open. Being in a range is not good for our trading accounts and you’ll notice as much as I want to start loading up for some shorts, I have not. I play trends, not a guessing game. Yes, I will take a chance now and then but I will also set up that trade as such, heading into Fed announcements and big economic reports.Foreign Stock Market

RUSS started the day higher but YANG and EDZ were not in sync. I still like RUSS since I mentioned it first at 10.80, but will not call it with futures higher.

Interest Rates

TLT and TBT reversing positions every other day so no call.


UGAZ may trigger without that pullback, but I’d prefer to get a pullback first.

Precious Metals Market

Gold and silver were lower overnight but kept rising into the open on Monday and I decided not to make a call on DUST, JDST and DSLV. They are still green on the monthly (except DSLV) and we saw gold weaker for a bit so I am 100% leaning short the metals but DUST opened up, for example, then hit a low, bounced a little then hit a lower low. Lower lows are not good trades so we sit on our hands for a better setup.

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.


See yesterday’s report for same color coding as today’s. There was a mistake made with the original one posted here and we apologize for the technical error.

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