Weekly ETF Review and New pics for Dec5 Week

In my last post I had mentioned that I am not that bullish as market was was walking on a thin Ice and was weak. I could jump on or it could roll over.

However as we always do, we allow markets to tell us and then we act. During the week on 1st Dec, it showed us that it wants to go higher and gapped up after creating a very bearish sign on November 30. It gapped up 14-15 points (SPX).

With that bullish sign, I got fully invested in the ETFs that we had on our weekly selection list. Also in some of the regular accounts, I got fully invested with stocks. The name of the game was to get fully invested in all accounts.

Weekly Performance Review:

Top 5 ETF last week were

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ETF Weekly gain

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1. AGQ – 19.48%

2. SOXL - 12.29%

3. ERX - 15.44%

4. TNA - 10.08%

5. PALL - 13.11%

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Cumulative return of 12.49%

My personal returns were a bit muted and were at 5.01% in line with my KOL ETF which did 4.65%

There is no change in this week's Top Picks Weekly ETF

TOP ETF for this upcoming week are as follows:

I continue to hold these names as we go ahead.

1. AGQ

2. SOXL

3. ERX

4. TNA

5. PALL

We will track these top ETF again next week.

Some points to consider... On SPX, the overhead resistance is at 1125 that we highs that we created on Nov 5. So markets might hang around that or try to shake out.. but as long as we are above the 20 day MA which is now at 1200 (the previous resistance that turned support) we are fine.

I am going on vacation this Tuesday and will not be able able to track markets till next Saturday. But with all stops in place and markets in the bullish mode.. I am not that much worried.. Usually I sell all the positions when I am taking a break but this time I will let the positions ride, since all of them are in green.

Good Luck and hopefully Holidays Spirits enlighten your portfolio and trading accounts.

Weekly ETF Review

Weekly Performance Review:

Top 5 ETF last week were

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ETF Weekly gain

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1. AGQ - (7.86%)

2. SOXL – 3.37%

3. ERX – 4.10%

4. PALL – (2.33%)

5. KOL – (2.07%)

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Cumulative return of (0.13)

Ann % return of 374%.

I am not getting into any postions this week due to market weakness. I am still holding my KOL ETF.

This week's Top Picks Weekly ETF

TOP ETF for this upcoming week are as follows:

These are the top ETF to hold this week

1. AGQ –

2. SOXL

3. ERX

4. TNA

5. PALL

We will track these top ETF again next week.

Good Luck and hopefully Holidays Spirits enlighten your portfolio and trading accounts.

Weekly Review of ETF and New ETF for week of Nov 22

Again as I pointed out there is historical bias to being positive for the week before Thanksgiving.

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 - 14.39%

2. SOXL - 5.71%

3. ERX - 3.26%

4. PALL - 5.02%

5. TNA - 1.40%

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Cumulative return of 5.96%.

Ann % return of 374%.

However I due to weakness on Monday and Tuesday, I did not get into any of these except for PALL So my return is like 1.05% due only 1/5 principal being deployed.

SPY's return for the same period were 0.22% and another GTAA (so called choosing the leader Tactical ETF) was -0.44% .

This tells us that picking up Porche is always better than picking up a Chevy Cobalt or a balanced Corolla or Honda.

This week's Top Picks 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 $118.00

2. SOXL - Buy on Monday if prices go up - Stop at $39.5

3. ERX - Buy on Monday if prices go up - Stop at $45.00

4. PALL - Buy on Monday if prices go up - Stop at 69.13

5. KOL - Buy on Monday if prices go up - Stop at 42.44

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..

Stocks to watch for upcoming short week

1) HPQ - General Technology Sector

2) DE- Due to positions in CAT

3) UUP - What does King Dollar has up in its sleeves.. Provides clues as we are holding lot of metals, natural resouces and materials ETFs....

Good Luck and hopefully Holidays Spirits enlighten your portfolio and trading accounts.

Getting Ready for Thanksgiving Treat

Going by History..

A week before Thanksgiving is a very good week for trades.. Buy a week before and then sell on Tuesday or Wednesday before Thanksgiving.

Hence dipping my Toe with Stops..

Buying PALL ETF - 1/4th Position

Also bought a 1/4th of IBN and AAPL today..

All three setting up if we have a nice rally into Thanksgiving should give good profits..

PALL - Stop at 65.69

IBN - Stop at 51.49

AAPL - Stop at 303.98

Finding Price targets using Moving Averages

Predictable price behaviors occur around the four major moving averages, 20, 50, 200 and 500 day simple moving averages.

On May 26th, 1896 Charles Dow introduced the industrial average, the Dow Jones 30. Since then there has been a repeatable and predictable price behavior pattern around the four major moving averages

The key is understanding the historical pattern and see if they can give us any clues.

In last 3 sell off, we have seen that SPX has respected its 50 day SMA before making the move down. With today's sell off we have not yet seen the test of 50 day SMA, may be tomorrow we see the test of 50 day SMA before any bounce or any further sell off.

Lets tread one day at a time..

With this kind of price action, I am not buying any ETFs or any stocks.. Staying in Cash is worth it..

Another Look at Charts - by some one else..

http://ibankcoin.com/chessnwine/2010/11/12/touchy-feely/

Some Charts that I like to watch

These are some of the charts that I like to use to time the market along with some other indicators