ETF Trading Research 11/8/2018

Market couldn’t even make up its mind today. I decided to go home flat as we may get that extention up. I should have went home flat the last two nights as well and today we only took DUST home. I do think from wherever we top that we will break down but there is a chance we can still zoom higher and decided not to take the risk shorting right now. Will get back in short higher or lower. But will also look to a long if it deems necessary. Just didn’t like that close today. Last two days it closed with a spike like that and have to see now if we get one more high before we get short or below 2795.

These ETFs were down with the market but more so. When we do finally get the downturn, I have to include some of these short as they are giving bigger returns for us.

Still no action here even with the Fed.

Watched the up and down moves in DGAZ and UGAZ. UGAZ finished up 2.63% and DGAZ has more room to move lower still possibly.

DWT and DRIP I said we should lean to yesterday but they were missing from my data sheet for some reason today so didn’t follow. Missed them and not sure how they disappeared. Last nights report may have got you interested.

Got a couple trades in on DUST where one was good. Current one down a hair. Should still get some follow through higher tomorrow in DUST and lower in metals and miners with the dollar move up and the pressure of an overbought market still occurring.