ETF Trading Research 2/4/2019
Markets still shooting for 2740/2750 local top and one should remain leaning long until we get there. We did get to 2722 so only 18 points away and if we did come up short of 2740, then a stab or two at some shorts, especially TVIX are in order now if they give a signal, whether in the morning or after the open.
Still attracted to DUST but following the rule I should have followed last week with not going against the nightly green. Also why we sold out of UGAZ today as DGAZ turned positive in both weekly and monthly now. That said, the charts are priming up for a bigger reversal in both.
Oil will follow markets and DWT should be leaned towards until we hit 51 area in oil.
Should get a little more active day tomorrow.