ETF Trading Research 6/17/2019
I said I would trade lightly this Fed week and nothing jumped out at me but some miner potentials today. Market was in a very tight range most of the day.
Fed day Wednesday and again, I expect an initial pop higher we can short, then ride the shorts a bit and most likely this market goes up to 3000+ next.
Nightly report is bullish right now. But heading into Fed I am hard pressed to trade long the market, so will be neutral for now.
Keep an eye metals and miners more closely post Fed. Buy the dip in them. No fear. LABD and YINN are missing from the report below. Technical issues.
Nat gas we are waiting on 2.00 if we can get there. So far, the buy has been low 17’s and sell 18.30\s or so in UGAZ. If we do dip lower, we will power past this level I am sure of it once nat gas gets going. Be patient.