ETF Trading Research 12/11/2018

Trying my hardest to squeeze more out of the trades we are in besides a day trade, but it’s not easy to do with the whipsaw like we got today. Could have taken profit early, went for a 10 mile hike, and come back and bought them all cheaper and ride them up again. Not a bad way to handle your day in my book, but we handled it a bit different. Meanwhile we scalped some DGAZ trades and TVIX and locked in some profit overall while waiting on UWT and GUSH to rebound. Not an easy day to trade overall but thought we did well with my suggestions.

 

 

Economic Data For Tomorrow

Tomorrow

Oil data coming out tomorrow at 10:30 with Core CPI early on at 8:30.

http://www.investing.com/economic-calendar/

Stock Market 
The market had quite the volatility today and it’s continuing after hours like it did last night before popping higher by morning. I expect a repeat and we are positioned for that. I even wrote early on in an alert that today is a day where I would like to disappear for 2 days and come back and see where we are. I see us higher to the Fed next week and the fact of the matter is, the Fed needs the market higher to justify the raising of rates still. The Fed needs higher rates so they have firepower to fight the next recession. Buy the dip is the mode right now.
Foreign Markets
Yesterday I said BRZU should move up with the markets as a leader and we’ll see if it leads tomorrow, assuming markets want to move higher in U.S. (in fact, that’s exactly what I wrote yesterday and I’ll leave it there as it’s the same scenario as today). BRZU did lead U.S. stocks you’ll notice.
Interest Rates
TMV up a penny. Expect more.
Energy
DGAZ  we got a couple nice trades in but missed the pre-market buy because of being a bit conservative. It is ready for lift off possibly.
Got a nice move up in UWT and it is up after hours as well. Over 14.51 and we push to 56 in oil as next move in my book. But data has to confirm. Even so, data may not matter right now.
Precious Metals and Mining
Got a little profit from DUST today. Still somewhat neutral here but it is DUST that is showing the most potential with the dollar at the year highs. We should concentrate on this ETF tomorrow.

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