Is tomorrow the day that we break above $10.50? It could be in which case units will probably drop to their low of the day around 1:30pm-2:00pm Central time. This is the drinking hour for brokers in NYC who drink their lunches, especially on Fridays. It is also the best time to expect lower prices although occasionally we find everything going to Hell in a handbasket in the closing fifteen minutes of the session.
We can't hope to be perfect, obviously. But we can avert some disasters by playing momentum averages for they are built of patterns which are the very foundation on which technical analysis is built. So if you're thinking in terms of filling out a position in ALDW, I have a hunch it would be wise to watch things verrrrrry carefully leading into the closing minutes of the trading day.
I have a hunch we'll break through the $10.50 threshold tomorrow. If we do, I wouldn't be surprised to see some follow-through on Monday. But watch out for Tuesday as there's going to be a pullback at some point here, probably sooner than we unit holders will enjoy.
But we know $10.50 is coming and it will not take more than a couple of days to become reality. Once achieved, I look next for $11+. How much? It doesn't matter for it would be insane to cut and run with mere nickels in hand. We've got a lot more to gain by holding on, so long as energies within continue unabated.
My holdings are up strongly this week. Two picks in particular are largely responsible: NGL and ALDW. They rose today on the heels of confidence in the incoming Trump Administration. We energy buffs have another trump card not quite yet in play but sure to evolve: EPA regulations will be relaxed, we have every reason to expect as much.
And then there's the president-elect, himself, doing all in his power to upset some fat cats occupying the swamp. All ears will be listening and watching for hints of legislative changes as soon as he's officially in office. Energy is said to be one of his highest priorities and I believe it will prove to be justified.
These are a few of the things destined to provide support to optimism such as I'm expressing herein. Some of this optimism may have been rooted in the Raymond James upgrade on NGL, too. I don't believe any responsible analytical agency can be dismissive of administrative changes such as we're thinking without incorporating various potentials.
If we rise above $10.50 tomorrow in ALDW, I look for us to stay between that point and $11 for a week or so. Then? Watch out for we will be charging ahead, if I'm right. When we get some substantive news regarding Trump and the EPA, I believe we'll charge decisively towards $12.
If I am right, we'll all make a lot of money. So let's look at the bright side and not be concerned with anything less.
Good fortune!
