ETF Trading Research 6/02/2019

Great day on Friday. Trump came out Thursday night and put tariffs of 5% on Mexico if they don’t fixt border issues and markets didn’t like it. While we got short over the weekend and hope to profit Monday, we are not falling any further despite tariff threats to India, Chinese retaliation with FedEx and a Chinese white paper that didn’t do enough damage to get /ES down to 2720 like we wanted. Or even 2700, which overall are still targets if we get a dead cat bounce to start the week.

Nat gas DGAZ still leading. Oil got hammered and might get a relief rally.

JNUG and NUGT are full on buys now and USLV as well, but I am playing it conservative with the market volatility to see if they have a life of their own or not. They just might with dollar moving a bit lower.

The best way to play these is with a trailing stop at this point, locking in profit and buying dips along the way.


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