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It's gonna do it again.
NG is relevant to a certain degree, but not fundamentally. These are tied to a specific index, and there you will see the gaps I am referring to.
dd, I have been trading these ETF's for a while, watching these two for over a year. I trade mostly short term. Occasionally I'll go long (more than two weeks), but not in this sector, as you said, very manipulated. NG will retrace to the 3.94 area before its next leg up. FWIW, when I am talking about gaps being filled, it's in the indice, not the ETF. Charting the ETF is unreliable. Index gaps always get filled in the near term, within two weeks usually. Gltu.
I would assume not for long. Too much fear overcoming actual production numbers that usually drives these wild spikes.
http://www.nasdaq.com/article/natural-gas-futures-weekly-outlook-november-17-21-cm414458
That's cool, and the best of luck to you!
Either way, the charts don't lie, and neither do the injection numbers. One thing is certain, the sp is only a reflection of the index which is representing several variables in that specific economy. Technicals on the indice are what matters above any other chart. They are meaningless without it. These gaps will be filled. That means this etf will go up in the near term. It doesn't mean that you can't make money on both. The index will retrace, and these are 3x, so that means 10-20% swings.
Always remember in etf's and etn's gaps need to be filled and they will be. Recalling recent forecast models for the next two weeks of warmer weather coming and injection supplies are at max, an will not be depleted based on current weather trends. Unless we have a major winter freeze for over a month, UGAZ will not see anything over 25. The channels have been set, just look at its history. Weekly swings. It's a good level to load up on DGAZ.
Yeah, there are plenty of ops to trade either side on intraday, every other day, weekly, monthly or seasonally. The indice that DGAZ and UGAZ are intrinsically and fundamentally tied to is a representation of its subjective futures market for NG, and charting that, I believe is the best way to find points of entry and exit for these etf's. Not always do they follow $nathas or other similar indices, etc., but everyone has their own method.
I hear you, it is definitely based on a scenario that to most traders, are only looking in the near term 2-3 weeks, if that lol
I believe DGAZ may see another red day, most likely Monday, but the chart for the indice is the best indicator for me as to how they both will move in the coming weeks. The last few sessions across the board in NG won't climb out of that free fall with today's turn to positive, and the numbers indicate there is a surplus, even if we hit an extended cold snap this time around.
On a more personal note, I think this cold snap will be short lived, at least from what I gathered from this the guy I listen to on npr (some noaa chap here in Seattle) says the cold snap we are in is from the typhoon that swept through the east will end and weather will stabilize to normal late fall, early winter levels. How he know this, I have no clue, because I think they are all full of it ?? I prefer charts lol
A good article on the coming supplies for this winter.
https://rbnenergy.com/somethin-bad-about-to-happen-how-warm-winters-increasingly-threaten-gas-supply-demand-balances
I too also believe Dgaz still has more in it. It will take more than one positive day for the indice to get out of that free fall.
I expect this to happen tomorrow, unless it retraces some, and following up sometime next Monday or Tuesday. Massive selling today creating that long red candle for the indice gave me the indication we will see more selling tomorrow and higher moves on DGAZ. There will be profit taking tomorrow, just how much is the question. Will folks hold till next week? I may if we see red tomorrow on Nat Gas.
Indice needs to close the gap around 34.50, which should be around 4.30-50 for DGAZ before it retraces again, and UGAZ moves for the next cycle. JMO
Yep, that's why I think (like str8chuter says) chart GDX, and monitor GDX's portfolio, is the way to trade this. I believe there is charting in NUGT and DUST, but can only be properly dissected alongside the indice and to a certain degree, spot.
But the inverse percentage result is never really exactly the same, even when they are exactly inversed. It's late, hope I made sense ??
When a number is reduced, the percentage by what is becomes lesser than is always more than when it is increased.
Yep, I am positioned for the next gold move, but I would love to get back into DUST, since I recently got out too early, profited, but I could've.....oh well.
I believe 1050 is the bottom for several financial institutions. That means we are close.
Cuz everyone, exited like me, at the top of the par! lol
I have been holding IMSC for two years now. Here, charting HUI and GDX are what I look at for DUST/NUGT cuz u can't chart them. Hold on to implant. Great story unfolding there. Peace.
Hasn't the line of credit shrunk by 20 trillion since 2008?
"I read the posts on IHUB to inform myself on what to buy or sell based on the intelligence of the posters. "
Interesting strategy there. I didn't know due diligence was based on the opinion and intelligence of stock message board members. Insert heavy sarcasm and emoticon.
If the RS is approved, I am confident it will be great for us. I have trusted Dr. Kim and he has delivered numerous times, I believe he is looking out for everyone's best interests.
Long time shareholder here. Been through their dilutive stage last year and that sucked. Things are looking up for Ivan and co.
Doubt it very much. You have been wrong every time, what makes you think you are right this time?
I think the weekly is better suited for mirrored analytics such as the NUGT/DUST/GDX trio and their counter and paralleled speculatives. Thanks though, looks like you are primed for an entry into DUST now.
For NUGS, def. eom.
Ditto. Glenn sometimes seems to miss the forest for the trees. No need for a new boss, just a little fire in the rear.
Just reading the daily. Chart says Gold will reset this week. I trade technicals, nothing else. NUGT and DUST will react accordingly.
pincher formed. Last time this happened there was a strong upside reversal.
I think it will see some red tomorrow but Wednesday may continue its trend through the mid bollies. it still looks oversold to me on the daily, thoughts?
That would be awesome! I just closed my position from 28.71 from Thursday. Will be looking for another entry, monthly still says its oversold to me. Any thoughts?
Feds won't let that happen. Gold has been suppressed and will continue to be through the year IMO. We won't see 1420, but rather 1100 in the next month or so.
Yes I saw that. I ended up taking a position in DUST @ 28.71 instead of NUGT just because I have been tracking it longer and am more familiar with its price channels. I am pretty bullish on silver atm, and haven't given any gold some love cuz the i think Feds keep manipulating it.
That's what I thought, just wanted to make sure. This means it would be good time to begin accumulating DUST :) thanks again for getting back to me so quick!
DUST that is...
You think It will go lower?
Thanks lifter!
I have been watching this stock for some time an noticed a definite pattern and would like to trade it retail. Does anyone recommend it apart from trading puts and calls options? Or is that not possible? Thanks in advance!
I am pretty sure those were converted last year. There was dilution going on the last two qtrs, but it appears to have stopped towards the end of December.