ETF Trading Research 9/14/2017

Posted September 14, 2017

For those of you new here, I most of the time have the ETF Trading Research report out by 8PM PDT, and it comes by an RSS feed, but you can look at the report here sometimes before you get it in your mailbox; https://illusionsofwealth.com/category/etf-blogs/ This is also the same link if there are any technical difficulties.

Today’s Trades and Current Positions (highlighted in yellow):

Today was a professionals day with no ETFs that would offer a run. While I thought we did ok overall in taking profit early in UWT and YANG, we had reversals in most everything, including the new green weekly’s. I still have faith in all we are in except the stop out in JDST and DSLV. I try to control any big losses with my stops and even news can kill a trade, but read about metals below and we’ll see how this news pans out for metals, miners and market by tomorrow morning. The prices below are from 7:00pm EDT. I’m already seeing a little pullback in JNUG and UGLD and move up in JDST off the low. USD/JPY back over 110. Futures though only a small bounce. Much better days to trade than this and especially when we get some more indication with the green weekly’s.

Gold 1400+

Oil 55

Nat Gas 3.40

/ES 2400 (led by a tech crunch)

Economic Data For Tomorrow

Core Retails Sales the big one tomorrow pre-market.

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

Stock Market

After the data came in, markets stayed negative all day and /ES went positive for a moment and then fell. With the North Korea news we are positioned well in some ETFs that can take advantage of that like LABD and SQQQ, and the foreign ETFs. We’ll see if this news blows over though and what the reaction is. The UN sanctions meant nothing. This guy Un, who just so happens to have the same initials as the UN, is an idiot. No one in their right mind does what he is doing on the world stage. And the Chinese are idiots for not doing something about him in their own back yard. Just my opinion. I prefer we stay out of this, but I doubt that will be the case. We will remain leaning short the market and decide on metals tomorrow. Also options expiration tomorrow so expect some volatility. Hopefully we get an ETF that moves more than 3% and can trade it. After today’s action, we are due for it.

Foreign Markets

We sold YANG for 3.52% profit and now have to see where we can get back in. Still in RUSS and BZQ and up on RUSS and down a hair on BZQ. We may add on dips at this point.

Interest Rates

Still no calls here right now.

Energy

Took some profit from UGAZ and UWT today, but current trades in UWT gave some back but we are now green on the weekly and will hold on to UWT and GUSH. GUSH I almost had us sell at the top and sent out an alert where some of you did lock in some profit. Oil to me is going higher and same with Nat Gas and any dips should be bought.

Precious Metals and Mining Stocks

I gave all the reasons I liked to be short metals and miners, which we are valid, and one missile wiped them out for now. Will adjust to the news in the morning. Plenty of time to profit in metals.

Current Price (note these are after hours prices and up from yesterday after the NK Missile over Japan)

Wednesday’s Price

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):

First time in a long time no ETF’s qualify. (new green weekly for UWT)

Cold Corner (the biggest move 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):

First time in a long time no ETF’s qualify. (new red monthly on DWT)

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.

Sell half shares on a spike up on any ETF you are long, even if goal is higher. Spikes higher are almost always followed by moves in the opposite direction. Try and get out with a market order quickly before the quick move back lower. Lock in that profit!

Doug Eberhardt