ETF Trading Research 2/26/2019

With the early data coming in so lousy for Housing Starts, a huge over -11% miss, I thought there would be more damage than there was to the markets. But Building Permits data came in good and Consumer Confidence negated the negativity and Powell didn’t say anything bullish or negative.  Got a little run in DGAZ and DUST just couldn’t get going but should most likely tomorrow.

/ES is at 2791 -6 and Dow closed -33 but did break 26000 early on, I think it has a date with under 25000 soon enough. /ES 2650. VIX should push up past 15.28 tomorrow and start heading to 16/17 for now.

LABD had a good move end of day and like to see that continue tomorrow along with SOXS and SQQQ moving up.

Quite a resilient market but we need to start seeing some more red in the long the market ETFs start appearing tomorrow. We’ll get there at some point but I prefer we take this “fear” that has creeped into the market  with VIX moving up and translate that to get /ES to crash here for a bit rather than one more high. Looking good but we are still fighting a very strong and manipulated by the Fed liquidity and momo bull. VIX is still our key and need to get it past 16 next.