ETF Trading Research 6/18/2019

Obviously going out on a limb this morning after such a big run up on nothingness but fluff from Trump today and a promise of something in the future. The Fed will not lower rates tomorrow but will talk the talk that they are ready to do so. That is already priced into this market, so I see nothing that tells us to go long at this point, as the move up is already accounted for. I do see the potential of sellers coming in and hitting this market but we may get one last push to 2940/2950 first. Many have been calling for 3000 for awhile now and even 3100. I still think we hit those markets before the bigger crash, so view these current trades as Fed induced scalps that can hopefully get us into the 5% to 10% returns quickly. We will sell some on the way up. Sell the slow movers first and let the winners go a bit longer post Fed. Assuming of curse that my going out on the limb short here is the correct call. Again, just a trade, and we won’t marry them. However, if we get some momentum selling, then I’ll take it. Last week was a tough fight for us and I think going home flat last night was the right call instead of long. The market oved up today mostly on two Tweets from Trump on doing what Draghi is doing for the Fed, cut rates, weaken our currency, and a phone call with Chinese President Xi that got SOXL going. SOXS was the only mistake today. Got some of that back with a DRIP sell but rebought DRIP lower and maybe it will lead us to some profits tomorrow first with potentially LABD since it got hit so hard yesterday. TVIX of course is due for a bigger bump if we get any continued selling. Wouldn’t mind to return to the 30% profit days with it either. Just need some signals to get and stay long any shorts for more profit and since those aren’t happening, we will lean to buy the dip in long the market ETFs after we sell and lock in profit on the short side. But if we do get some sell signals, will flip short again quickly. After hours, TVIX is moving up to 20.14 bid and 20.19 ask and 20.36 was the high today. Metals and miners I see them moving lower post Fed so if not positive will add to these shorts in JDST and DUST in the AM or post Fed. We still have 2 we can add shares to and we will look forward to some great DWT and UGAZ trades at some point soon enough too.

Tomorrow will be hopefully a fun and profitable day!