ETFs to Watch 6.25.17

ETFs to Watch 6.25.17

Looking across the global markets, one has to wonder, when will all these ‘nay-sayers’ will be right and these markets will make the “big correction” that is looming. Well, things are slowing, but the trends haven’t broken. Volatility has had small spikes, but has always recovered.

The earliest signal is the drop in energy (Crude Oil and Natural Gas) and the increasing investments in US Treasury Bonds and Gold. So my tactic is to start spreading out my trades over bullish and bearish positions to protect against any big surprises next week.

More trading analysis in this week’s ETFs to Watch!

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6-23-17 – Trading Strategy

6-23-17 – 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)

Positions I’m Opening


 

Order Cancels Order

Buy 890 TMF (20+ Year Treasury Bonds) Limit @ $21.70 ($20,000 Position Size)
Buy 698 TMF (20+ Year Treasury Bonds) Stop @ $22.45 ($15,662 Position Size)

when filled…

Sell TMF (20+ Year Treasury Bonds) Limit @ $24.00
Sell TMF (20+ Year Treasury Bonds) Stop @ $20.30

Buy 1600 LABD (Inverse Biotech) Limit @ $6.25 ($10,000 Position Size)
Sell 1600 LABD (Inverse Biotech) Limit @ $7.25 for a 16% of ($1,600 Profit)


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)

Today’s Update


Market Snapshot 6-22-17

Looks like we are back in the see-saw movements that pretty much dominated trading during 2016. I missed out on a second trade with LABU (Biotech) which barely missed my entry and ended up hitting my original profit target. It has however create a short term buying opportunity to the downside which I am documenting as a new opening position for tomorrow.

LABU 6-22-17

Positions I’m Opening


 

Order Cancels Order

Buy 890 TMF (20+ Year Treasury Bonds) Limit @ $21.70 ($20,000 Position Size)
Buy 698 TMF (20+ Year Treasury Bonds) Stop @ $22.45 ($15,662 Position Size)

when filled…

Sell TMF (20+ Year Treasury Bonds) Limit @ $24.00
Sell TMF (20+ Year Treasury Bonds) Stop @ $20.30

TMF has broken new highs after breaking it’s resistance level of $21.70. I am putting in an OCO (Order Cancels Order) to ensure a fill. I’ve missed out on two big move trades because I only used limit orders. This will ensure a fill. I have a limit order down at the original resistance level to see if I can get lucky and get a better price on a pullback.

TMF 6-22-17

Buy 1600 LABD (Inverse Biotech) Limit @ $6.25 ($10,000 Position Size)
Sell 1600 LABD (Inverse Biotech) Limit @ $7.25 for a 16% of ($1,600 Profit)

LABU (Biotech) has had a huge move too fast and it’s hit a Keltner Top after 5 up days in a row. This makes it ripe for a reversal trade so I will be putting in a limit order for $6.25 with a target on fill for $7.25. I may sell before this intraday if I get the chance as my goal it to only hold onto this for 1-2 days tops if I get filled and start seeing profits after entry.

LABU 6-22-17-2

Chart and orders for LABD (Inverse Biotech) for Friday

LABD 6-22-17

Positions I’m Selling


 

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 6-22-17

 

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)

Because markets have been see-sawing up and down, I’ve been trying to distribute my trades between bearish and bullish. JNUG is a hedge if the markets fall, but now it’s made a nice recovery and hopefully will resume it’s upward trend to my original profit target.

 

JNUG 6-22-17

 

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)

Small recovery in YINN, but I’m still not back into profitability yet.

YINN 6-22-17

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

S&P 500 still continues in it’s uptrend, but upward progress is stalling across all equity markets.

SPXL 6-22-17

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)

Still flat in inverse volatility, but that is okay. If volatility remains steady, XIV naturally increases in price since it’s based on forward looking volatility contracts which always cost more when the ETF rolls to the next contract. This causes the price of XIV to rise.

XIV 6-22-17

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 (Russia) had a corrective pullback today after barely missing my profit target. Momentum is still strong to the downside so I am holding.RUSL 6-22-17

Chart and orders for RUSS (Inverse Russia)

I barely missed hitting my profit target on Wednesday. Holding for the momentum to continue.

RUSS 6-22-17

 

 

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6-21-17 – Trading Strategy

6-21-17 – 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)

Positions I’m Opening


Order Cancels Order
Buy 231 DGAZ (Inverse Natural Gas) Limit @ $27.50 ($6,253)
Buy 200 DGAZ (Inverse Natural Gas) Stop @ $28.50 ($5,700 Position Size)

when filled

Sell DGAZ (Inverse Natural Gas) Limit @ $35.00
Sell DGAZ (Inverse Natural Gas) Stop Limit @ $21.00

Buy 102 LABU (Biotech) Limit @ $54.75 ($5,585 Position Size)
Sell 102 LABU (Biotech) Limit @ $69.00 26.03% or ($1,453 Profit)
Sell 102 LABU (Biotech) Stop Limit @ $40.00 26.94% or ($1,500 Loss)


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)

Today’s Update


Market Snapshot 6-20-17

Markets took a strong correlated move lower on Tuesday. This paired with a move higher in Bonds, a move higher in volatility, confirms possible concern on the horizon. I am going to try and balance my portfolio with additional bearish positions just in case. Fortunately we have confirmed breakouts below support to justify trades.

What I’m Watching


DWT (Inverse Crude Oil) has moved outside of my buy range. I suppose I should have trusted my gut and entered an OCO (Order Cancels Order) to ensure a fill. As you can see from the chart below there was a correction, but not enough to fill before it started making it’s move.

DWT 6-21-17

Positions I’m Opening


 

 

Order Cancels Order
Buy DGAZ (Inverse Natural Gas) Limit @ $27.50
Buy DGAZ (Inverse Natural Gas) Stop @ $28.50

when filled

Sell DGAZ (Inverse Natural Gas) Limit @ $35.00
Sell DGAZ (Inverse Natural Gas) Stop Limit @ $21.00

UGAZ (Natural Gas) has gapped below it’s key support level of $13.50 which means I’m ready to play this bearish. Crude oil is also following so we have multiple energy correlations to justify this downward move.

UGAZ 6-20-17

Chart and orders for DGAZ (Inverse Natural Gas) for tomorrow. This time I am using an OCO (Order Cancel Order) to ensure I get a fill. I am keeping a wide stop in case this is a false breakout to give it time to work if need to.

DGAZ 6-20-17

Buy 102 LABU (Biotech) Limit @ $54.75 ($5,585 Position Size)
Sell 102 LABU (Biotech) Limit @ $69.00 26.03% or ($1,453 Profit)
Sell 102 LABU (Biotech) Stop Limit @ $40.00 26.94% or ($1,500 Loss)

LABU (Biotech) has broken out of a key resistance level of $54.75 and it hit an Intraday Keltner Top. With the markets showing more bearish than not, I don’t want to enter an OCO (Order Cancels Order). I have enough bullish positions so there isn’t a need to chase another one and I’d rather have this one at a better price.

If this was my only trade I’d be more aggressive, but from a portfolio perspective I’m not in a big need of more bullish positions if these global market correlations continue.

LABU 6-20-17

Positions I’m Selling


 

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 6-20-17

 

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)

PPO has turned negative (represented by the yellow dot at the bottom of the chart). This was originally an extreme PPO turnover trade (as discussed in my Educational Series), but now we have a clear signal this uptrend is no longer in development. Price has also fallen below my entry.

Normally I’d just exit the trade and save what I can, but we are developing a strong market correlation to the downside. Usually when this happens, Gold and Bonds go up, so I’m going to stay in this one until we see some change in the level of correlation across markets.

JNUG 6-20-17

 

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)

Volatility has increased across the markets, and technically YINN (China) is still in a sideways correction. I have a wide stop to accommodate for this, but I may have to focus more on managing my portfolio instead of individual trades. I’ll have to assess this as time develops to see if any trades should be trimmed early as a result.

YINN 6-20-17

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

S&P 500 still continues in it’s uptrend, but upward progress is stalling across all equity markets.

SPXL 6-16-17

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 is getting volatile, for the lack of a better term. I have wide stops to accommodate but I’m ready to play deep in the money VXX (VIX) PUTs to offset any drawdown while I wait for this to develop.

XIV 6-20-17

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 (Russia) is really moving lower fast. This is great for my RUSS (Inverse Russia) position. Depending on my fills going forward, I may increase my profit target here as it’s making up for the other bullish trades that aren’t fairing as well.

RUSL 6-20-17

Chart and orders for RUSS (Inverse Russia)

RUSS 6-20-17

 

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