Many of you know I started an ETF Trading Service where we profit in up and down markets. But the nightly report I keep improving upon in following the trends and I and those who have subscribed, couldn’t be happier with the results. I keep fine tuning the Trading Rules to protect us from the downside and take advantage of the upside. Today alone we got close to 20% from our JDST trades. That is a 1 day return. I am not aware of any Service like this and we offer a 2 week free trial for you to check it out. I put out our results from yesterday too which shows we switched sides from being long the miners like JNUG and switching to JDST. You can read that report first if you like by going here. https://buygoldandsilversafely.com/gold/current-thoughts-2262017/
We played JDST from the weekend and bailed at 14.20 from the 13 entry with our remaining 1/2 shares. Went long JDST again for a quick stop out after the 10:00 data on Home Sales came in bad so we stopped out quickly and got long JNUG at 10.60 and called it a scalp only since we were now red on the weekly Friday. It didn’t want to continue higher after hitting 10.90 and we jumped ship and went long JDST at 14.20 and sold 1/2 at 15.42 for 8.59%, sold remaining shares at 16.02 for a little over 12%. Went long again 16.42 but with a different setup and new stop loss in place. Took 10% from that trade on 1/2 shares and another 7% after getting stopped out on remaining shares. We got long JNUG 1/2 shares after market. Meanwhile our RUSS and YANG are up again, small loss in BRZU going against the trend. Very small loss in DGAZ and UVXY (always put a warning out on UVXY). TLT is down but we are still up from entry. Missed the fun in LABU. Got a point from SVXY.
Lot’s of market moving data tomorrow and 3 Fed members speaking. GDP somehow surprises to the positive and you’ll see the market take off higher. We’ll know before the open which if it is positive or negative will effect the entries on the long the market ETFs. Consumer Confidence tomorrow too. I would be hard pressed going long a market that has another GDP disappointment, so we’ll keep an eye on our entries and stops.
Had terrible data with Core Durable Goods Orders and Pending Home Sales and market goes up. The Trump effect is in full force as witnessed by new green weekly’s again in some of the long the market ETFs.
Entered EDZ although EDZ and YANG are not green on the weekly yet. RUSS doing just fine. We will look at taking some profit when we hit the levels outlined in the Trading Rules. I thought we might get more out of BRZU after 2 days in the Cold Corner section, but it couldn’t get going after the initial pop.
TLT is still waiting for the market to turn down for a run. Up and down and up and down in a range. Buying the dips has worked well with it.
DGAZ also thought we could get more after 2 days in the Cold Corner but it moved up too much overnight to make any good profit off of it.
Precious Metals and Mining Stocks
Today was crazyville in the miners and we enjoyed almost every minute of it. JNUG is getting ready for a run but we’ll let it prove it some for us first. We don’t have to catch the exact bottom to make good profit. But I challenge anyone to have called the JNUG and JDST trades better the last month or so. Hopefully you are making all the right moves, taking profit and keeping stops and possessing the willingness to change your mind no matter how bad some say everything is.
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):
JDST, DUST, LABU, DGAZ, BIB (SPXL, BIB, LABU, SVXY, DUST, JDST all turned green on the weekly today).
Cold Corner (the biggest moved 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):
JNUG, NUGT, LABD, UGAZ, GDXJ, BIS, GDX
I added the following to the Trading Rules today.
With the addition of the analysis I had a 3rd party accumulate for the trades since the beginning of the ETF Trading Service again in August, I personally am seeing things more clearer with the addition of the table in the nightly report that tracks green weekly’s. The problem is, we haven’t had any new ones of late. RUSS was/is and it has been a good move. UWT though was not. But with the addition of the two new rules I have seen the potential for profiting is still there. And I have to say the benefit to you is there.
It’s difficult for me to add green weekly’s that are long the market on a day when we had terrible data. Everyone knows this market is built on fluff, but my job is to let the market tell us what to do and follow it. The Green Weekly’s are buys at the open tomorrow except for JDST which we already scalped 10% on 1/2 shares per the rules and with a 5% trailing stop from the high sold the remaining 1/2 shares for a 7% gain. As you know, we had our favorite JNUG and the others turn red on the weekly and had already locked in our longs and jumped on JDST early. Today we got the icing on the cake with it hitting a big move up with some programmed selling and we hit our 10% goal almost twice today with our combined JDST trades.
Doug Eberhardt is a 28 year financial services veteran and precious metals broker selling gold and silver at 1% over wholesale cost. Doug has written a book to help investors understand how gold and silver fit into a diversified portfolio, how to buy gold and silver, and what metals to buy. The book; “Buy Gold and Silver Safely” is available by clicking here Contact phone number for Buy Gold and Silver Safely is 888-604-6534
Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with capital you can’t afford to lose. This is neither a solicitation nor an offer to Purchase/Sell futures or options. No representation is being made that any account will or is likely to achieve gains or losses similar to those discussed in this outlook. The past track record of any trading system or methodology is not necessarily indicative of future results.
All trades, patterns, charts, systems, etc. discussed in this outlook and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author.