ETF Trading Research 6/04/2019

Today we locked in more profit early and switched to long for a scalp and profited. But could have held on for more. I did want to switch hats and had more confidence in the negatie side of things and would like to repeat last week now where we held on and rode to good profits. We are half in with most shorts now and down a little. Like to see us take out 2790 tomorrow then confirm downtrend at 2780.

Speculating in a beaten down nat gas by going long as well.

Oil data came in bearish and putting pressure on energy after hours.

But oil data bearish should be negative for oil tomorrow and if DWT rises, markets have fallen with that move alternatively.

So many issues out there now to cause the market to turn overnight, and unlike last night am more willing to take the risk now short the market overnight with /ES in a resistance area of 2800/2820. Want to stay under 2820.

Will add shares where I see fit tomorrow. Have capital to add to the short or we stop out with less damage.

Miners are still showing some life.

I think the easier money and possibly big money can be made going short. Outside chance we get down to 2600, but I hate starting to mention numbers like that. Instead, will do what we have been doing and if we get the move, take profit along the way. This time, I won’t be afraid to add to the shorts if we get a snowball effect under 2800 again.

Right now I consider this move up a gift for those of us who like to trade TVIX.

Maybe DRIP and SOXS too.

You’ll notice though, today’s moves on the bulls side was big enough to trigger some sells, which is why we are only in half shares. TVIX did not go to a sell which keeps me more bearish still.