http://stockcharts.com/h-sc/ui?s=ung&p=D&b=5&g=0&id=0
http://www.futuresbuzz.com/natgaslt.html
Natural Gas is a great long term buy right now.
In the second chart you can see the volatility associated with NG. It is known for 100%-300% in a year's time. NG has been hovering around 3.50 recently, a huge tail not pictured in graph #2.
If we post a reversal here, you made a great buy.
My stop is just below the April lows
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This site is for stock and ETF traders. My intention is to educate and help traders gain experience-- a glimpse into what other traders are doing. As a retail trader you are at the mercy of the markets and the few big players that can control price movements. Here, you will find trading ideas mostly. On occasion I will post actual trades.
Thanks for the education on UNG last Friday. I did not buy Friday since you said 13.50 or so was your stop. So, when UNG was below 13.20 before Tuesday open I bot at the open Tuesday at 13.34. I really appreciate and grateful for your posts. I only bot 200 shares. Is UNG going to run up you think?? Is this really a no-brainer trade and I should add shares at the next dip Wednesday? Thanks again TenYear.
ReplyDeleteForget ung
DeleteNergo:
ReplyDeleteUNG is a strange beast. If this were a typical stock, I think the technicals would make it rocket. Since it trades so differently, then the holding period increases. I think its a great long term buy and perhaps even a 2 week trade to the upside.
Because of the volatility we still have to use the stops darn it.
Thanks fro teh UNG advice. I missed your FXP today. I did not see where you posted it. Zee's web site?? I'm on & off the lap top during work hours ... maybe I'll catch your next alert. Thanks!
ReplyDeleteMonthly S&P chart looking really bullish now.
ReplyDeleteI'd like to see MGM fill that gap from last month down at $6.28 so I can take a good position. I may not get it.
I wish I hadn't closed out UNG--today--it's just a hunch
ReplyDeleteEWZ --if it gets to 56.5--I'll try a short there--
ReplyDelete