ETF Trading Research 4/11/2019

Markets took their time this morning but did what we wanted them to do overall. I would like to see some continuation for once though, so with TVIX still acting weak, this time took the profit on a couple. That gives the others a chance to take off still for us. Will be interesting to even see what tomorrow brings, but having 6 Fed members speak today to do what they can to keep this market supported is just crazy. It’s so obvious what the Fed is up to. And Trump tries to get them to do more, and is having a meeting with Paulson next week. Who does that? Trump.

We will be nimble to sell tomorrow if futures shoot higher for any reason. Have to be smart about this and you can see I am more hands on rather that waiting for the eventual pullback. Yes, the pullback will come. From what top we don’t know, but today’s double top of 2900 /ES is a good spot and worth the overnight holds since we are in profit on most, plus the fact we got more signals to sell any longs.

Meanwhile, the lower miners go the more we will look forward to getting long. But they are falling without the market for the most part. So we have to be careful still.

Nat gas data was bullish and DGAZ goes to green weekly. About right for this market.