ETF Trading Research 1/15/2019

The day started off well by jumping on some ETFs pre-market like DGAZ and UWT. We ended up getting overall profit on a few more trades and then decided to go all in on 3, TVIX, LABD and SQQQ with them being slightly lower by end of day. We are at a point where the market is going to go south I think, but doesn’t mean we won’t challenge one more high up to 2640 on a bigger blow off top. I prefer the blow off top, if we are even going to get one, to be 2620, the number we have been talking about for so long. We hit 2613.75 today and we are presently at 2606.50. Once we hit that high, 2609/2610 was the best the futures could do.

Lot’s of issue overhanging this market and we have come a long way to fast in many of these ETFs including south on the VIX. I like how it hit 17.98 today and bounced up to 18.60 presently, but TVIX is not tagging along just yet. We did move up over 3% on TVIX at one point but I chose not to take that profit. I think we can get more out of all these shorts given enough time without too much upside risk.

We got a great trade out of DUST today too and got out at decent price. JNUG has turned red on the weekly with UGLD (again) so we have to look to short any move up in metals and miners as long as the dollar, which was up nicely today, confirms.

Nat gas while we traded early, I wanted to just let it do its thing today. It moved up to 69+, fell back to 66 and then end of day back up to 69. We could easily still go up to 3.79 area for nat gas so not ready to jump on the short side just yet.