ETF Trading Research 2/14/2019

We got a great start to the day and they once again waved the magic wand and pushed stocks higher. However, we hit the high early on and most of the ETFs we were in did not fall much and TVIX finally moved up to a new high of 37.34 before testing lower. I wrote in the afternoon you probably wouldn’t be able to buy TVIX under 35 again and it has moved up from that point and after hours has peaked over 36 a few times. Expect LABD, SOXS and SQQQ to follow and DWT to get going to as oil falls below 51 on the next move. We are poised, very patient and ready for this move lower.

Meanwhile, metals and miners giving us mixed runs and I still say GDX under 22 short and over go long for scalps only till something more concrete comes in on miners.

Nat gas data was slightly bearish and enough to tip DGAZ to a buy on dips. Being Friday though I most likely will not trade as I know I am not taking home.

/ES futures falling after hours to 2740. Below 2730 is our magic number for the bigger fall. We are close. And maybe even tomorrow the powers that be will allow markets to fall without any stimulus pumped into them.