ETF Trading Research 4/4/2019

Today was a professionals day and I tried to be patient for the right entries, with a little strength in the short side. We should ideally see a topping in the markets and outside of a Friday Trump Tweet on tariffs and China, get a fall into Monday and beyond. I am of course banking on that.

Oil may lead now lower and perhaps we finally got the top of it with DWT.

We have to watch TVIX closely and the unemployment data in the bears favor tomorrow morning to find a top in this market. I know we are close and you know I won’t give up on that reality that this market is all fluff right now.

Nat gas data came in bearish and lean DGAZ but UGAZ may bounce for a bit as that is what market makers in nat gas do.

Metals and miners experience a big whipsaw (professionals day) and we didn’t get caught in it. The higher metals go though, the more we will take the opposite side. 1250 still coming minimum with a coming market decline.