Weekly ETF review and new Picks for Nov 13

What a Week....

As pointed out last week that we should expect a correction of around 3% to 5%. That thing started to come alive on Thursday.

We had big down days on Thursday and Friday in terms of our portfolio.

Our top ETF picks last week and their weekly returns are as follows:

Top 5 ETF last week were

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ETF Weekly gain

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1. AGQ - (11.18)%

2. SGG - (18.26)%

3. FAS - (9.23)%

4. DAG - (19.23)%

5. TYH - (9.60)%

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Cumulative return of (13.7)%.

However I was stopped out of couple of positions like AGQ, SGG and DAG right away on the reversals.

This shows importance of stops in this game.

Even though with stops my returns were -8.23%.

SPY's return for the same period were -2.18%. This tells us that we have to do a better job at protecting our profits. With any strategy involving picking the fast movers.. the chances of accidents and crashes are always there. I will research some better ways to get stops going without manual interventions to get better results.

Weekly ETF

TOP ETF for this upcoming week are as follows:

These are the top ETF to hold this week

1. AGQ - Buy on Monday if prices go up .. Stop at $108.00

2. SOXL - Buy on Monday if prices go up - Stop at $37.72

3. ERX - Buy on Monday if prices go up - Stop at $43.95

4. PAL - Buy on Monday if prices go up - Stop at 67.80

5. TNA - Buy on Monday if prices go up - Stop at 55.25

I am hoping this correction to get over by Tuesday, Wednesday. Then probably its okay to go back into these ETFs or stocks.

We will track these top ETF again next week.

Some of the stocks of interest this upcoming week

PWER - Huge market manipulation in this stock.. so watch out for short squeeze..

AUMN - I will be buying this on pullback, another volatile stock..

FFIV

ACOM

BKI

CAT

Also I will post when I buy these ETFs on Monday or when conditions are right..