Author Archives: Jasen Baker

ETFs to Watch 7.23.17

ETFs to Watch 7.23.17

** Learn how to trade like I do with my Educational Series **

So many great trends for the swing trader this week! In a nutshell, most markets have great trends forming, while energy is turning bearish, gold is running sideways, and equities rule! This week I share some of the trades I’m in, and trades I’ve won and lost in July. Profits are far outpacing losses.

Learn more in this week’s video!

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7-10-17 – Trading Strategy

7-10-17 – Trading Strategy

Daily Premium Update – Quick Video Tutorial

Current Positions


4/3/17 – 870 PIN (India) @ $22.90 ($20,000 Position Size)
5/11/17 – 322 JNUG (Junior Gold Miners) @ $17.62 ($5,673 Position Size)
5/25/17 – 375 SPXL (S&P 500) @ $33.50 ($12,562 Position Size)
6/1/17 – 349 YINN (China) @ $22.75 ($7,936 Position Size)
6/10/17 – 91 XIV (Inverse VIX) @ $82.38 ($7,496 Position Size)
6/16/17 – 273 RUSS (Inverse Russia) Limit @ $39.00 ($10,647 Position Size)
6/21/17 – 231 DGAZ (Inverse Natural Gas) @ $27.50 ($6,352 Position Size)
7/6/17 – 131 LABU (Biotech) @ $66.50 ($8,711 Position Size)
7/7/17 – 750 ERY (Inverse Energy Exploration Companies) @ $14.13 ($10,598 Position Size)
7/7/17 – 139 DWT (Inverse Crude Oil) @ $36.60 ($5,087 Position Size)

 

Positions I’m Opening


 

  • No new orders for Monday

Positions I’m Closing


 

Sell PIN (India) Limit @ $27.00 17.44% or ($3,501 Profit)
Sell PIN (India) Stop Limit @ $21.50 6.48% or ($1,301 Loss)

Sell JNUG (Junior Gold Miners) Limit @ $22.25 26.28% or ($1,490 Profit)
Sell JNUG (Junior Gold Miners) Stop Limit @ $13.00 26.22% or ($1,487 Loss)

Sell YINN (China) Limit @ $27.00 18.68% or ($1,483 Profit)
Sell YINN (China) Stop Limit @ $18.45 18.90% or ($1,500 Loss)

Sell SPXL (S&P 500) Limit @ $37.50 ($1,500 Profit)
Sell SPXL (S&P 500) Stop Limit @ $29.50 ($1,500 Loss)

Sell XIV (Inverse VIX) Limit @ $98.50 19.57% or ($1,466 Profit)
Sell XIV (Inverse VIX) Stop Limit @ $65.50 20.49% or ($1,535 Loss)

Sell RUSS (Inverse Russia) Limit @ $44.50  for a 14.10% or ($1,500 Profit)
Sell RUSS (Inverse Russia) Stop Limit @ $33.50 for a 14.10 or ($1,500 Loss)

Sell DGAZ (Inverse Natural Gas) Limit @ $35.00 27.27% or ($1,732 Profit)
Sell DGAZ (Inverse Natural Gas) Stop Limit @ $21.00 23.64% or ($1,501 Loss)

Sell LABU (Biotech) Limit @ $84.00 26.32% or ($2,292 Profit)
Sell LABU (Biotech) Stop Limit @ $55.00 17.29% or ($1,506 Loss)

Sell ERY (Inverse Energy Exploration Companies) Limit @ $15.50 9.7% or ($1,027 Profit)
Sell ERY (Inverse Energy Exploration Companies) Stop @ $12.00 15.07% or ($1,597 Loss)

Sell DWT (Inverse Crude Oil) Stop Limit @ $45.00 22.95% or ($1,167 Profit)
Sell DWT (Inverse Crude Oil) Stop Limit @ $25.00 31.69% or ($1,612 Loss)
 

Today’s Update


Market Snapshot 7-7-17

Market volatility is certainly picking up which is why I’m trying to blend my directional positions since we’ve been stuck in sideways movements for most everything except Bonds.

Not adding any new orders for Monday as I’m already well distributed across global markets for the time being. However, I may play a bearish move on Bonds this week since they clearly broke their uptrend.

Positions I’m Closing


 

Sell PIN (India) Limit @ $27.00 17.44% or ($3,501 Profit)
Sell PIN (India) Stop Limit @ $21.50 6.48% or ($1,301 Loss)

Long term trade still in development.

PIN 7-7-17

Sell JNUG (Junior Gold Miners) Limit @ $22.25 26.28% or ($1,490 Profit)
Sell JNUG (Junior Gold Miners) Stop Limit @ $13.00 26.22% or ($1,487 Loss)

Gold Miners has broken to the downside out of it’s triangle consolidation which makes it a bit concerning, however triangle can easily turn into sideways movements which is why I’ve put my stop so far away to allow for this. I could be jumping in and out of positions cutting off any minor loss that I see, but these are more volatile markets and I’m switching to play the volatility so I can stay in the position longer until I’m eventually correct or stopped out. For the past few months this has been the proper strategy to play and is also less stressful as a trader.

JNUG 7-7-17

 

Sell YINN (China) Limit @ $27.00 18.68% or ($1,483 Profit)
Sell YINN (China) Stop Limit @ $18.45 18.90% or ($1,500 Loss)

Price movement is testing the lower upper trend channel, but there is a key support level at $18.50 so I’m looking at this as a longer term play.

YINN 7-7-17

Sell SPXL (S&P 500) Limit @ $37.50 ($1,500 Profit)
Sell SPXL (S&P 500) Stop Limit @ $29.50 ($1,500 Loss)

There is a clear pattern of weakness across most markets. The S&P 500 is slowing down dramatically. It’s broken outside of it’s upward trend channel and if it goes below my entry I will probably exit this position. For years the US market has shown it will fight a resistance level and then turn lower if it fails. Only when there is a clear break above resistance does it trend higher.

SPXL 7-7-17

 

Sell XIV (Inverse VIX) Limit @ $98.50 19.57% or ($1,466 Profit)
Sell XIV (Inverse VIX) Stop Limit @ $65.50 20.49% or ($1,535 Loss)

Volatility has dropped a great deal in the pre-market trading, hopefully this will bring XIV back up to profitability again for Monday.

XIV 7-7-17

Sell RUSS (Inverse Russia) Limit @ $44.50  for a 14.10% or ($1,500 Profit)
Sell RUSS (Inverse Russia) Stop Limit @ $33.50 for a 14.10 or ($1,500 Loss)

Optimistic that the drop in Oil will be the catalyst to my position to bring this back to profitability.

RUSS 7-7-17

Sell DGAZ (Inverse Natural Gas) Limit @ $35.00 27.27% or ($1,732 Profit)
Sell DGAZ (Inverse Natural Gas) Stop Limit @ $21.00 23.64% or ($1,501 Loss)

DGAZ 7-7-17

Sell LABU (Biotech) Limit @ $84.00 26.32% or ($2,292 Profit)
Sell LABU (Biotech) Stop Limit @ $55.00 17.29% or ($1,506 Loss)

LABU 7-7-17

Sell ERY (Inverse Energy Exploration Companies) Limit @ $15.50 9.7% or ($1,027 Profit)
Sell ERY (Inverse Energy Exploration Companies) Stop @ $12.00 15.07% or ($1,597 Loss)

ERX continues it’s move lower which caused me to be filled at a slightly higher price in ERY.

ERX 7-7-17

Chart and orders for ERY (Inverse Energy Exploration Companies)

ERY 7-7-17


Sell DWT (Inverse Crude Oil) Stop Limit @ $45.00 22.95% or ($1,167 Profit)
Sell DWT (Inverse Crude Oil) Stop Limit @ $25.00 31.69% or ($1,612 Loss)

Crude oil continues it’s decline after bouncing from it’s $14.00 resistance level. The gap lower caused me to get filled at a higher level in DWT.

UWT 7-7-17

Chart and orders for DWT (Inverse Crude Oil)

DWT 7-7-17

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7-7-17 – Trading Strategy

7-7-17 – Trading Strategy

Daily Premium Update – Quick Video Tutorial

Current Positions


4/3/17 – 870 PIN (India) @ $22.90 ($20,000 Position Size)
5/11/17 – 322 JNUG (Junior Gold Miners) @ $17.62 ($5,673 Position Size)
5/25/17 – 375 SPXL (S&P 500) @ $33.50 ($12,562 Position Size)
6/1/17 – 349 YINN (China) @ $22.75 ($7,936 Position Size)
6/10/17 – 91 XIV (Inverse VIX) @ $82.38 ($7,496 Position Size)
6/16/17 – 273 RUSS (Inverse Russia) Limit @ $39.00 ($10,647 Position Size)
6/21/17 – 231 DGAZ (Inverse Natural Gas) @ $27.50 ($6,352 Position Size)
7/6/17 – 131 LABU (Biotech) @ $66.50 ($8,711 Position Size)

Positions I’m Opening


 

Order Cancels Order

Buy 1000 ERY (Inverse Energy Exploration Companies) Limit @ $13.50 ($13,500 Position Size)
Buy 750 ERY (Inverse Energy Exploration Companies) Stop @ $14.00 ($10,500 Position Size)

when filled…

Sell ERY (Inverse Energy Exploration Companies) Limit @ $15.50
Sell ERY (Inverse Energy Exploration Companies) Stop @ $12.00

Order Cancels Order

Buy 203 DWT (Inverse Crude Oil) Limit @ $32.40 ($6,577 Position Size)
Buy 139 DWT (Inverse Crude Oil) Stop @ $35.80 ($4,972 Position Size)

when filled…

Sell DWT (Inverse Crude Oil) Stop Limit @ $45.00
Sell DWT (Inverse Crude Oil) Stop Limit @ $25.00

 

Positions I’m Closing


 

Sell PIN (India) Limit @ $27.00 17.44% or ($3,501 Profit)
Sell PIN (India) Stop Limit @ $21.50 6.48% or ($1,301 Loss)

Sell JNUG (Junior Gold Miners) Limit @ $22.25 26.28% or ($1,490 Profit)
Sell JNUG (Junior Gold Miners) Stop Limit @ $13.00 26.22% or ($1,487 Loss)

Sell YINN (China) Limit @ $27.00 18.68% or ($1,483 Profit)
Sell YINN (China) Stop Limit @ $18.45 18.90% or ($1,500 Loss)

Sell SPXL (S&P 500) Limit @ $37.50 ($1,500 Profit)
Sell SPXL (S&P 500) Stop Limit @ $29.50 ($1,500 Loss)

Sell XIV (Inverse VIX) Limit @ $98.50 19.57% or ($1,466 Profit)
Sell XIV (Inverse VIX) Stop Limit @ $65.50 20.49% or ($1,535 Loss)

Sell RUSS (Inverse Russia) Limit @ $44.50  for a 14.10% or ($1,500 Profit)
Sell RUSS (Inverse Russia) Stop Limit @ $33.50 for a 14.10 or ($1,500 Loss)

Sell DGAZ (Inverse Natural Gas) Limit @ $35.00 27.27% or ($1,732 Profit)
Sell DGAZ (Inverse Natural Gas) Stop Limit @ $21.00 23.64% or ($1,501 Loss)

Sell LABU (Biotech) Limit @ $84.00 26.32% or ($2,292 Profit)
Sell LABU (Biotech) Stop Limit @ $55.00 17.29% or ($1,506 Loss)

Today’s Update


Market Snapshot 7-6-17

Global correlation on strong movement lower spiked volatility on Thursday. Full blown market correlations haven’t been unusual for the past 18 months, and on many occasions they are reversed quickly. However with as many open positions as I have, I can either start selling off or adding opposing directional trades. I see some good bearish trade setups so I will offset my portfolio with some more bearish trades.

Unfortunately I was stopped out of TMF after it went straight down day after day after I entered.

Sold TMF (20+ Year Treasury Bonds) Stop @ $20.30 10.30% or ($1,048 Loss)

TMF 7-6-17

Positions I’m Opening


 

Order Cancels Order

Buy 1000 ERY (Inverse Energy Exploration Companies) Limit @ $13.50 ($13,500 Position Size)
Buy 750 ERY (Inverse Energy Exploration Companies) Stop @ $14.00 ($10,500 Position Size)

when filled…

Buy 203 DWT (Inverse Crude Oil) Limit @ $32.40 ($6,577 Position Size)
Buy 139 DWT (Inverse Crude Oil) Stop @ $35.80 ($4,972 Position Size)

ERX (Energy Exploration Companies) is back into it’s existing down trend and broke below it’s resistance level of $24.75 so I am ready to play this again to the downside. This is especially prudent considering the recent downward moves of many of the other global markets as well.

ERX 7-6-17

Chart and orders for ERY (Inverse Energy Exploration Companies)

ERY 7-6-17

Order Cancels Order

Buy DWT (Inverse Crude Oil) Limit @ $32.40
Buy DWT (Inverse Crude Oil) Stop @ $35.80

when filled…

Sell DWT (Inverse Crude Oil) Stop Limit @ $45.00
Sell DWT (Inverse Crude Oil) Stop Limit @ $25.00

UWT (Crude Oil) has already been in a well established downtrend. I like the move lower on Wednesday followed by a lower close on Thursday. With the bounce off the key $14.00 resistance level, this could be a good continuance trade watching the trend go down further.

UWT 7-6-17

Chart and orders for DWT (Inverse Crude Oil) for tomorrow

DWT 7-6-17

Positions I’m Closing


 

Sell PIN (India) Limit @ $27.00 17.44% or ($3,501 Profit)
Sell PIN (India) Stop Limit @ $21.50 6.48% or ($1,301 Loss)

Long term trade still in development.

PIN 7-6-17

Sell JNUG (Junior Gold Miners) Limit @ $22.25 26.28% or ($1,490 Profit)
Sell JNUG (Junior Gold Miners) Stop Limit @ $13.00 26.22% or ($1,487 Loss)

JNUG 7-6-17

 

Sell YINN (China) Limit @ $27.00 18.68% or ($1,483 Profit)
Sell YINN (China) Stop Limit @ $18.45 18.90% or ($1,500 Loss)

Price movement still continues to linger. The overall trend is still higher, so I will wait.

YINN 7-6-17

Sell SPXL (S&P 500) Limit @ $37.50 ($1,500 Profit)
Sell SPXL (S&P 500) Stop Limit @ $29.50 ($1,500 Loss)

Seeing some serious signs of weakness developing, but not enough to start bailing out of positions. Having to take a longer point of view on these trades.

SPXL 7-6-17

Sell XIV (Inverse VIX) Limit @ $98.50 19.57% or ($1,466 Profit)
Sell XIV (Inverse VIX) Stop Limit @ $65.50 20.49% or ($1,535 Loss)

Yesterday’s volatility spike caused a drop in XIV, but I’m well situated to allow for fluctuations.

XIV 7-6-17

Sell RUSS (Inverse Russia) Limit @ $44.50  for a 14.10% or ($1,500 Profit)
Sell RUSS (Inverse Russia) Stop Limit @ $33.50 for a 14.10 or ($1,500 Loss)

RUSL is turning down slightly now that the rest of the markets are falling, but it still holding steady due to the recent uptick in oil.

RUSL 7-6-17

Chart and orders for RUSS (Inverse Russia)

Optimistic that the drop in Oil will be the catalyst to my position to bring this back to profitability.

RUSS 7-6-17

Sell DGAZ (Inverse Natural Gas) Limit @ $35.00 27.27% or ($1,732 Profit)
Sell DGAZ (Inverse Natural Gas) Stop Limit @ $21.00 23.64% or ($1,501 Loss)

DGAZ 7-6-17

 

 

Sell LABU (Biotech) Limit @ $84.00 26.32% or ($2,292 Profit)
Sell LABU (Biotech) Stop Limit @ $55.00 17.29% or ($1,506 Loss)

I was filled at my lower price of $66.50, now to see if the trend will continue.

LABU 7-6-17

 

 

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