Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Buy Gold and Silver Safely
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

What’s Going On With Gold and the Stock Market?

% of readers think this story is Fact. Add your two cents.


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. http://buygoldandsilversafely.com/gold/current-thoughts-2262017/ 

Today’s Trades

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.

Economic Data for Tomorrow

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.

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

Stock Market

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.

Foreign Markets

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.

Interest Rates

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.

Energy

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.

The biggest complaint that traders have with the service is; “I don’t have time to follow all the emails.” That’s understood. But what you will see with this new table is when an ETF first turns green on the weekly, you can buy it the next market day open and 1. use a stop if for any reason it doesn’t continue to move higher right away (stops are listed in the nightly report) 2. take profit where the nightly report says to on 1/2 shares – which means you can calculate those percentages and put in a sell limit order immediately and go about your day. 3. if for any reason it went down and you got stopped out, the next day it more than likely will go back up again and if it opens green/up for the day, buy it. 4. Take profit on 1/2 shares or more shares no matter what when up 10% on some of these. 5. Be willing to buy the 1/2 shares back again on a day when the ETF is up for the day (green/positive), or breaking to a new high or when it turns green on the monthly. 6. Take profit on half shares on any ETF that spikes up quickly. Those are gifts. 7. Don’t just trade one ETF one way. At times you can buy the opposite ETF as a hedge because of news of the day or price action. These ETFs don’t go straight up. 8. Enjoy your trading and get used to taking profit. We don’t hold these ETFs until they turn red. Notice that Feb. 8th on the report had the mining ETFs at their highs and your stop loss would have triggered much higher than where they ended up by the time they went red.
That may be a lot to soak in, but the more I fine tune this Service, the more you can profit from it. If you can’t trade the day in and day out stuff, then don’t do it. Trade the table and BE PATIENT for a green weekly ETF. The weekly green ETF’s will give you the best chance at profit when they first hit.
The day trades are the most risky. If you are new to the service and just start trading my calls for day trades, they have more risk associated with them. One or two days a week we’ll catch some good streaks. But other times in choppy markets it’s more difficult. Lastly, if you haven’t set up a separate email for these alerts, and they clutter up your email box, you are not doing yourself a favor. You need to read the Trading Rules and set up a separate email just for these ETFs with a gmail account. Don’t let trading interfere with your personal life. Don’t let trading overwhelm you. Use the alerts to your cell or desktop for the day trades or if you want to swing trade, be patient for the green weekly ETFs, keep stops and take profits.
Hope that helps you profit.
———————————–

Green Weekly’s

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.


Source: http://buygoldandsilversafely.com/gold/whats-going-on-with-gold-and-the-stock-market/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.