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Joey B has his hands all over this too. When he first put this ban on LNG exports in place, it was prefaced as a way to fight global warming. Now according to the below video, the story is 'red tape'. I'm guessing this will be unresolved long enough to keep the ban in place beyond this coming election (to appease his base).
D > does SC have premaket and after hours or just 9:30 to 4 ??
I assumed it would be every month it rolls over and "replaces such contract with similar contracts with later expirations." This last rollover skipped June...but that doesn't mean it's not going to rollover again by May 6...
I've noticed the cycles are only a few days one way then the other...keep your eye on what's called Freeport in TX...once they start exporting again NG will go back up by reducing our glut. In TX the spot price of #natgas is below zero...I'm anticipating below 2.25 also BUT that might happen before AH opens for you to sell $KOLD...I sold so I can take advantage of lower prices by buying futures themselves...the sooner May comes the sooner Freeport is expected to be up and running...
here is what I got off the ETF website.
I held, I am looking for 2.25 area on July future. I will bail Mon if we hit Fri LOD KOLD or futures HOD.
I got in 69.50 so I got some room here.
Trend is down so I will ride until we start reversing. insert-text-here
NQ > Thanks > I was just about to ask you >
what I was forgetting that was our heavy subject matter earlier >
OK > here is some "good logic / bad logic stuff to ponder on >
kinda lengthy But good on what's going on and Levels etc.
Monday 3 PM and for that matter "the week ahead"
> https://www.tastylive.com/shows/futures-power-hour/episodes/critical-technical-tests-loom-04-26-2024
We talked about this > BUT that was some time ago And forget about the rate cuts >
One or NONE and maybe a hike for the year >
Banks ( Do stupid things / Win stupid prizes) >
U.S. Banks finished the year with almost $400 billion of unrealized losses on held-to-maturity assets.
The assumption is this wouldn't be a problem because the Fed would cut A LOT this year but what if that doesn't happen? >
>>> Add to this the fact that ((( last week))) - seasonally-adjusted for tax-season - US banks saw the largest deposit outflows since 9/11 (yes, that 9/11).
Its happening. The first bank failure of the year occurred after trading hours today.
https://www.zerohedge.com/markets/bank-failures-begin-again-phillys-republic-first-seized-fdic
Just sold my $KOLD @ 73.3 for a $40 loss...no biggie first loss I had since trading the pair weeks ago...I'm still anticipating a dip come early Monday but I want to be out with a piece of mind over the weekend...I could always short $BOIL for a quick buck...lol...before I start my futures journey...
#natgas fell again today which brought my $KOLD closer to breakeven...I have a feeling Monday July is gonna be bottom's day...this is too stressful for me going short on NG that's close to bottoming out completely...May closed and ended with ytd low today...June closed almost lowest ytd...here is one thing that is looming over NG recovering...Freeport in TX is a major exporter that is having maintenance issues but once it gets working again...projections are that in May it will be back in business...NG will sail because that means our glut will be reduced...so NG is just lingering AND the mysterious 4 year cycle is also poised to bottoming out soon...I plan to buy some futures next week but 2 ways to go about going long...short $KOLD next week or buy $BOIL...May 6 is when the pair roll over to future months which on whether Aug or Sep I dunno...the pair skipped June for the most part...
Have good WE yourself!
Im long now, SPXL TQQQ FNGU still got KOLD
had 2 good shorts `9% ea and 2 more that BE I closed those today
Good week to be on (mostly on) the sidelines.
EOM next week. Looking for the charts to settle down once May arrives.
I am looking for another leg down to appear. GLTY
There is a June future but BOIL/KOLD skip a month and "rollover" every TWO months. This is new to me but I was wondering why it didnt change from May to Jun.
So now we know. Still bit confusing trying to make sense out of all the futures charts.
$VIX.....10.....
https://schrts.co/atTwHMQG
$UVRY......10.....
https://schrts.co/KbgyCxFD
yes the etfs follow #natgas July ...I was up to witness the trading this morning before and after the report...May fell the most June fell a little bit then came back...July fell just before the report then rebounded afterward which didn't make sense but it's not up that far...still holding $KOLD waiting for July to fall below support of 2.25 and get closer to 2.15...there is still a glut and until Freeport is operational NG is staying down...that's what happened Tuesday Freeport was running then had a hiccup and that's why NG fell on Wed...I just have to wait it out...tomorrow is the rollover...May turns into July there will be no June...how does that work???
16:07 In uvxy 200 @ 33.55 > ready for the morning
Just Wow! RIOT up 50% plus over last week or so. MARA WGMI good moves also.
insert-text-here
$WGMI....... Daily....Looking fore BL-5up....OPINION..
https://schrts.co/DSQGQjcK
$GDX.....Daily...trend HH..
https://schrts.co/CMSXIiXG .
$UCO........Daily TREND HH...Look like a Bull ?.
https://schrts.co/CuIBAIfp
J > thanks > I'll just keep taking slices
Nice couple of trades!
I "almost" slept in > glad I didn't >
things are getting ugly now > support area line fighting
A clear market direction appears to have revealed itself this morning. Jenga it is!
Time for me to get busy. GLTY
09:42:Out uvxy 50 @ 36.32 > back to "wait and see"
08:30:12 In uvxy 50 @ 34.28 > Let it ride > bad GDP reports > Jenga week
Dont forget the report out at 10:30 later this AM, Also BOIL/KOLD are based on July futures NGN24 not the front month. I bgt some KOLD yesterday. Looking at $2.25 on the July future as 1st target.
I think I have sworn off trading BOIL/KOLD at least 3 times. It is a tough one for sure. Thought I would give it another try. In KOLD 70.18early this morning.
Good call, I did nothing also for SPXL or TQQQ. I do have small positions in IJR and IWC.
#natgas retreated because Freeport had a hiccup...NG May had a new recent low today...I'm thinking this will go through until Friday when the future months rollover...I'll be outa $KOLD with either a little loss or a little gain...commodities follow macroeconomics until the price becomes really cheap and then it's a free for all...look at the price of Cocoa...all time high because there's an issue with production in West Africa...you can keep doing what you do which is working for you...I consider myself a scientist so I use all the data I can gather to make my decisions from various sources, experts like you and others on this board and other boards, articles and news, and whatever else I can find...not a limited viewpoint...each to there own...GLTY...
META shares are tumbling 13%, wiping out some $135BN in market cap..>
Only $135 billion > OK where is that money moving to ? > and this is only the start
Yep > block was pulled > tower is wobbling
The charts I watch are all over the place this week. Last week too.
The market didn't like META's after hours report just now. META down ~10% in AH trading.
META up ~40% for the year. 1/4 of that gone in minutes. GLTY
I bailed out of BOIL today for a -6% haircut. $NatGas is a fickle bitch. GLTY
Above is above, so technically it is a buy signal.
However when its red, I usually wait an additional day for confirmation.
Sometimes I will look at the 1 hr chart for additional clarity, but to be on the safe side I wait one more day.
I would rather miss a day of gains to gain clarity than scramble to cut losses. GLTY
so far today's bar is above 9ma, but could be red. Then what?
No clue what happens from here to EOD. Just have to wait.
Mixed bag today. Market not as strong as Mon and Tue. Will likely wait one more day for confirmation, but will decide near EOD. GLTY
RE- $BOIL....10........D.. Trend LL..
https://schrts.co/DzNyhMzT
I decided not to wait. I had never heard of graphene, but the possibilities are huge. This is going to change everything having to do with computers. It has been in development since 2001 so they are a long way down the path of understanding and they have successfully made a semiconductor. I think we will be hearing a lot about this in the future. Thanks for the heads up.
I will watch later
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