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Monday, August 14, 2017

TRADE OF THE WEEK: VanEck Vectors Gold Miners ETF ($GDX)

TRADE OF THE WEEK

VanEck Vectors Gold Miners ETF (GDX)
There are sparse ideas to the long side according to the traditional Trade Ideas scans this week. After some damage was done last week in the major market indexes, this week we are seeing more defensive data showing up in a simple sector scan looking for ETF’s that are close to making new 20 day highs. As you can see in the Toplist below, only Gold, Silver and Treasury Bonds are holding up well in this uncertain technical environment.



The daily chart of GDX shows a breakout from a down trending wedge on the daily chart. The Trade of the week in GDX will be live with a print above 23.20. There is a possibility this ETF may gap up on the open. We would not suggest chasing any open above 23.42 but let the price pull back to 23.42 for an entry if that happens. The suggested stop in GDX would be a trade below. 21.95. The potential target will be 25.75.  An ideal 1:2 risk/reward position trading setup.



Footnote:  
This is a table showing the maximum profit for past 2017 Trades of the Week. Timing the top is impossible but this table shows how much alpha was possible when considering your personal exit of these positions. The trades outlined in red eventually hit their suggested stop prices, so you can see the importance of timing and harvesting profits along the way when you can, especially those that move above 10%.  We will update this table when needed to bring data more up to date.



*Assumptions

Targets are not absolute. Targets involve timing. Profits can and should be harvested along the way.

Risk to Reward ratio ideal is 1:3

Trades of the week that do not reach entry prices are not considered live and are expired at the end of the current week. (ORCL, HLF and JNPR)

TOW Rules: 20% Rule.  If a performance is up 10% and gives back 20%, take the 8 and run. (Profit Save, Trailing Stop).

Stocks that gap up over the entry price are considered up to the discretion of the buyer as to the entry price (WETF)
 
Please remember that Trade Ideas does not suggest day trading this type of alert. The idea behind the Trade of the Week is to give our customers opportunities that they may be able to stay in for an extended period of time. Please use proper risk management when making investment decisions





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 Disclaimers:

 Investing is Inherently Risky There are risks inherent in all investments, which may make such investments unsuitable for certain persons. These include, for example, economic, political, currency exchange, rate fluctuations, and limited availability of information on international securities. You may lose all of your money trading and investing. Do NOT enter any trade without fully understanding the worst-case scenarios of that trade. And do NOT trade with money you cannot afford to lose. Past performance of an investment is not necessarily indicative of its future results. No assurance can be given that any implied recommendation will be profitable or will not be subject to losses. Hypothetical Results Are Reported Results and examples used in the Company’s advertisements, books, videos, websites, and other media—including on the Site and the Network—are, in some cases, based on hypothetical (simulated) trades. Plainly speaking, these trades were not actually executed. Hypothetical performance results have certain limitations. Unlike an actual performance record, hypothetical results do not represent actual trading. Also, since the trades have not been executed, the hypothetical results may have under-or-over compensation for the impact, if any, of certain market factors, such as lack of liquidity. Hypothetical trading programs generally are also subject to the fact that they are designed with the benefit of hindsight. Hypothetical results also do not account for commissions or slippage. The Company’s simulations assume purchase and sale prices believed to be attainable. Yet traders are going to be getting into trades at different times and using various exit approaches, which may result in different pricing and outcomes. You may or may not receive the best available price on the purchase or the sale of a position in actual trading. Information provided by the Company is not investment advice. The Company is not a registered investment adviser, stock broker, or brokerage. You agree that the Company does not represent, warrant, or take responsibility that any account will or is likely to achieve profit or losses similar to those shown. Examples published by the Company are selected for illustrative purposes only. They are not typical and do not represent the typical results of all stocks within the Company’s software or its individual scans and searches. No independent party has audited any hypothetical performance contained at this Web site, nor has any independent party undertaken to confirm that they reflect the trading method under the assumptions or conditions specified.
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