Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

ETF Analysis: August 12th, 2015

By Doug EberhardtETFsAug 13, 2015 01:21AM ET
ETF Analysis: August 12th, 2015
By Doug Eberhardt   |  Aug 13, 2015 01:21AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

Below you will find the latest version of our ETF Research Analysis. Enjoy the commentary.

Today’s gold move above $1120 is just what the doctor ordered. That and the move I have wanted with the dollar below 97. A perfect storm for gold and gold mining stocks. We have had 16 stocks trigger long for the gold and silver Mining Package we have.

ETF Research Trading Analysis 8-12-2015

Yesterday, I said of all the trades, the gold mining stocks look the most promising and today you were rewarded. All of the ones I have had on the one to watch list have now turned green and we’ll see how far we can ride them. Now you know why you take the small losses taking stabs at these — because they can run quickly when the tide turns.

In particular, I pointed out NYSE:JNUG on buying the dip and then trading the higher highs. Yesterday I said this: “JNUG buying the dip has worked. I had said that one could sit all day and buy the dips of some of these types of plays. JNUG, as long as it is not hitting a lower low, but higher highs throughout the day, is one of those you can do well with.” Today JNUG was up 24% today and you could have bought the retreats all day long and made a killing, or just have held it all day long and made a killing.

Anytime you get 20% or more in one day, yes, it can be followed by further gains, but there can be reversals. If you see a lower low you can at least sell half and lock in profit. Watch the price of gold and dollar and see if they are still correlating. Please note the mining and metal ETFs have not turned green on the monthly. I am excited about a day like today, but I know the bottom for gold and silver is not in and I am simply enjoying this ride up. We’ve seen it many times in the past few years.

I did say I was long NYSE:UWTI, and I rode it up a little and sold at 1.20 pre-market and well before the report came out. The report wasn’t that great for oil yet UWTI, after falling a bit finished flat at 1.18. DWTI did break 160 again shortly after the report before falling the rest of the day to 155.39. Right now I wouldn’t want to go long either, but NYSE:DWTI still is green on the monthly and that can’t be ignored. I would only buy UWTI if it broke 1.20 and I would do it with large shares, 10,000 or more and only scalp it.


Yesterday I said we need to get over $1,120 on gold as our next target. $1,120 before $1,100. Today we got it. The rest is up to you now in keeping stops and taking profit. Only you know how greedy you are! Or how conservative you are. If we turn green on the monthly though, we can ride the wave a bit longer. Looking at JNUG, it may struggle at 14, so use that as your guide for the others and again, look at gold and the dollar. It was an ugly dollar chart today.


NYSE:YANG gave us the higher high today, but it was only a point and fell with the market recoveries occurring everywhere. .


DWTI and UWTI see above.

NYSE:ERY we were out 2 days ago and it lost 5.38% again today. NYSE:ERX I said to be a buyer on a break of 38.66 and it opened at 37.99 and got to 38.66, where you could have bought and rode it to 40.95. It closed at 40.66. I would have scalped only.

NYSE:UGAZ was a buy over 2.13, but it opened up at 2.21 and it closed at 2.28. You may have still bought at the open and it is green on the weekly looking for a run. If you are scalping these, the odds are better on a green day to just buy the dips. This could have been done today if until the last hour of trading, where you would have finally got stopped out. Past 2.30, I would be long UGAZ looking for 2.43 and past that, load the boat.



NASDAQ:TQQQ had a wild ride today, but no entries. This volatility today pushed most everyone out of their positions. That’s why you must take profit when handed to you on many below.

Neither ARCA:UVXY or ARCA:SVXY were plays unless you took a risk and bought

ARCA:FAS never triggered and is red, but I still kind of like it and would be a buyer over 33.90 tomorrow.

NYSE:RUSS gave the higher high and is green now on the weekly and monthly. I would attempt a long over 41.87 only though.

ARCA:TZA was volatile again. Tough to play.

NYSE:EDZ opened over a dollar above the 42.06 target and would have been tough to play.

ARCA:DXD, which you may have bought after it opened 22 cents higher than our target, could have been scalped still. Another volatile day though, but it is green on the monthly.

ARCA:SDOW I said to buy over 20.14 and it opened at 2044 and went to 20.90, where you may have scalped. Closed down on the day though.

ARCA:TWM was a buy over 37.26 and the most attractive being that it opened only 9 cents higher and moved to 38.29 for almost a point one could have had. It then fell like all the others.


ARCA:TLT gave 55 cents back today. Started the day nicely and kept going higher before crashing like all in the above section later in the day. Still like it longer term.

ETF Chart
ETF Chart

ETF Chart 2
ETF Chart 2

ETF Analysis: August 12th, 2015

Related Articles

ETF Analysis: August 12th, 2015

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email