ETF Trading Research 6/11/2019

Fought through the morning moves up in the market and beat the higher target I warned about of 2910 by 1.50 points to 2911.50. I refused to turn my data on till we saw the signs of weakness I was expecting and we finally did. However, there was no real follow through south in /ES. We did see DRIP make a run off the lows which was good as we locked in profit on it yesterday.

TVIX is the ETF I want to see break out here soon. Over 22.33 tomorrow it just may.

We will shoot for 2850 on this move down and as long as we get an oil report tomorrow that coincides with lousy data tonight after hours, we should get there. The question is, will it turn into something worse? That depends on Trump news at this point.

Metals and miners were hit early on with continued selling and had a nice comeback. I mentioned it as an unofficial trade that would have got you 3% in JNUG minimum. It did close off its highs and I would be flat for now. Possible move up still but 1300 is still our buying area we are shooting for.

DGAZ is a sell now and UGAZ is in buy the dip mode tomorrow.