ETF Trading Research 9/19/2016

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Trades for Friday

There were no new trades called today. Still holding the SWING trades from 9/16 with no stop in place at present. I am being more hands on with guidance on these trades and today we called the volatility pretty good and we got to hit higher highs and close towards those highs by the end of the day. Tomorrow I want a nice gap down in the markets in the morning, which would fit with the volatility that is to come out of Japan and Wed. the Fed.

9-19 Swing trades

Economic Data for Tomorrow

Tomorrow we have Building Permits data as well as Housing Starts for market mood potential. It does seem the market is moving inverse of the dollar right now and a little bit oil. This includes gold, but silver was a little more bullish today so I put it on the watch list.

Late Tuesday’s and early Wednesday is all about Japan followed by US Building Permits data Wed. morning and the Fed interest rate decision Wed. afternoon. We also have Oil inventories before the Fed meeting. And if that’s not enough, the ECB’s Draghi speaks on Thursday along with Initial Jobless claims for the U.S. That’s the week in a nutshell and I expect some fireworks.  You can view the Economic Calendar here: http://www.investing.com/economic-calendar/

Stock Market

Still want to see the 18,000 support level broke on the DOW. For the QQQ’s, AAPL reversed course and that is good news for bears. Keep an eye on AAPL for direction and being in sync with your trades tomorrow too.

Foreign Markets

We are long EDZ, RUSS and YANG and trying to catch a wave down in the markets. What will Asia and Europe bring us? I can’t expect much good with Japan coming back from a Holiday and now having to deal with the BoJ announcement. China is a mess and I am just waiting for YANG to take off.

Interest Rates

Repeat what I said yesterday, but no trade call now. TBT and TLT still playing tag with each other. The Fed should give one a boost here this week and I’ll have to lean TLT as I have the last few years and after this move lower from the 140 level.

Energy

Oil started the day higher by over $1 but fell back most of the rest of the day and we got DWTI back to even right now. See what tomorrow brings but we have some data coming out that can move it. I typically don’t like being long into data unless you understand your risk.

Going to keep a closer eye on DGAZ tomorrow.

Precious Metals and Mining Stocks

Still want a break of $1,306.90 on gold as first target. If we are going to go weak for the markets after the Fed, then we’ll get there easily. I may have us sell before the Fed the short gold positions if we get enough profit out of them. I don’t see how the price of gold isn’t already priced into the market and don’t really see a reason to go higher if the overall market stays week. Tomorrow we’ll see what the price action is and adjust. If we can get the move higher in the morning, I’ll have to make a call then. Stops should now be today’s low but I may call us out sooner if we don’t get the markets selling off like we did this afternoon.

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.

2016-09-19_14-37-14 a 2016-09-19_14-37-55 b

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