ETF Trading Research 11/5/2018
Economic Data For Tomorrow
ISM N0n-Manufacturing PMI came in better than expected.
http://www.investing.com/economic-calendar/
Stock Market
Last night I did say we should bounce higher and did early on and then a pullback and got to the 2740 mark. For now, we should be neutral and let the market dictate. We have midterms tomorrow and then Fed Wednesday. Going to get a little crazy.
On a side note, I have counted that most of my losses stem from holding an ETF overnight. I am still working on the bugs to my system for swing trades, as I know they work, but the market volatility is difficult to swing right now. Even JNUG, NUGT, UGLD triggered green on the weekly today and look what happened to them. Being a little cautious but we’ll get there.
Foreign Markets
Concentrated a bit more on these as two triggered long the market. My expectations is they continue higher.
Interest Rates
Yesterday I said TMF make take over for a bit and it did.
Energy
We took a shot at DGAZ early on and profited but what a big story the nat gas move was up over the weekend. That’s just crazy. But UGAZ was green on the weekly.
UWT is intriguing here. About all I can say with data coming out next couple days.
Precious Metals and Mining Stocks
Dollar I said was the key but metals moved up in the morning on the dollar dip then fell with the same dollar dip. Neutral for now. Slight lean down.
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