ETF Trading Research 6/05/2019

There’s more going on than meets the eye for this stock market. I tend to agree with this analysis from CNBC as to the truth.

Facebook, Amazon, Netflix and Google are flashing a warning signal for the entire stock market

https://www.cnbc.com/2019/06/05/fang-stocks-flashing-danger-signal-for-the-entire-stock-market.html

The entire move up in the market this year was mostly tech driven, and we have pointed out how just a few names have driven most of the market returns. Well, some of those names are getting hit by the Trump White House and even though these last two days have been pumped up on Fed fluff, the underlying ugliness of this market is about to rear its ugly head I think.

Notice JNUG and NUGT got that message today as leaders south and so did BRZU. I think the U.S. market follows tomorrow, but first we have to get the bad data in the morning from Initial Jobless Claims. If it follows the atrocious number from ADP nonfarm Payrolls today, watch out below.

We do need to get TMF higher, USD/JPY lower and of course TVIX higher with /VX and VIX. Today these latter 3 were suppressed big time. They were not allowed to go up and /ES was not allowed to go down. This is central bank drive manipulation while Trump is in the UK.

He will be back soon and I think since he sees the market up and anything he says is followed by even more buying in the market, he’ll keep pressuring Mexico and China and anyone else.

After hours we bought TVIX last half lower as I thought they might push it down. Saw that pattern many times like I saw the pattern today of bullishness when VIX and TVIX are kept at bay and /ES is not allowed to fall. I am taking a little risk here.

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