As we’ve stated many times in the newsletter, “each trade stands of its own merits.” With this in mind, we are placing the ProShares UltraShort Oil and Gas ETF (DUG) back on the watchlist. DUG formed a bullish reversal candle yesterday, as it undercut its 20-day MA but then rallied to close near session highs. Also, DUG formed the reversal candle on an uptick in volume. A move above the June 8th high of $26.87 could provide a buy entry trigger for this inverse ETF. Trade details are posted in the watchlist segment of the newsletter.