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Me too! Easily could have closed out my trade even and bought lower. Won't miss the next one though. I still think that the bull run is slowly dying. Will just be patient.
I have tried that play in uvxy and failed every time. Of course when UVXY hit the low 9's I should have jumped in with both feet. Keeping an eye on TVIX and UVXY. Will be monsters again some day.
Damn! I had my finger on the sell button premkt and took a chance it would go lower during regular hours. Wrongamundo! Oh well, there is always the bearish draw numbers come Thursday.
Good Morning,
Yep, we discussed that odd break out. You are a busy guy! Love checking out your research. The video was very interesting and worth noting. Thanks for posting that.
How low are you expecting NG to drop before a technical bounce?
Regards, Joe
Good luck to you. I am once again a tad underwater with 1000 shares at 20.60. not worried though. Not much to push NG up after today's draw. Waiting this out for a week or so.
Unusually warm weather for Maine expected this weekend. Highs in the 40's. Relatively warmer to normal winter weather after that. Draws will be coming down significantly.
Agreed! Buyers will become sellers and this will implode! I expect a down day tomorrow for NG. There is not any real strength to this run today.
I am considering doubling down from these levels. Probably wait another day to see where this bottoms. But I am also thinking of selling my newest shares and trying to buy lower if it heads that way tomorrow. Not overly worried about holding though. Getting very top heavy in here. Once profiting begins in earnest watch out below. Rarely does NG hold up into February.
Nice trade! Not sure we have a clear reversal but I don't see much impetus for a continuation of the bull run going forward. Will look to see what the chartist have to say after todays action.
Looks like I was wrong, the draw beat estimates. But....It looks like it might be sell the news. Ran up initially and seems to be trending back down after the smallish spike. Holding my shares.
So, what does that equate to for NG. Somewhere around 3.80 or so. I just can't see that happening. Nothing is there to support that number this late into the futures. But that is just my opinion. If it were to occur I will double down my position for the inevitable drop in NG.
I am not expecting that! The weather was much warmer overall last week and the draw down will likely be below expectations. Of course I have been wrong before! LOL
Wow! Was able to pick up another block at 19.08. Holding a 1000 shares so far. Looking for a decent pullback today into tomorrow.
We always welcome both sides. No one is always right every time. :) GLTY
Anyone's guess! Should be an interesting play tomorrow! Good luck.
Yes, way to warm last week in my judgement. It has all the appearances of a run that stalled. Bears are itching to gain back control. Glty
That is my expectation. It rained in Maine last week, we hit 48 degrees. Bett the draw is a miss. Down she goes. Interesting selloff going on right now. Banged against 3.62 and was unable to break. I see NG as overbought, gives big money a chance to short hard going down. Holding my shares to see how this plays out. Jmo
This run appears to be done on a fundamental note! Looked like true capitulation on that insane jump to 3.62. I wager the report Thursday is less than expected and NG sells off. February weather is still up in the air and a bit late to keep demand at high levels. Holding my DGAZ for a decent drop in NG relatively soon. Tomorrow into Thursday will be telling.
Nice sell! I am not so sure the draw will be as large as some think. The weather last week warmed up quite a bit. Next week the draw will certainly be much smaller. Very warm week right now.
I hear ya! I bought smaller chunks from 22 on down instead of the larger blocks I am accustomed too. Kept me out of trouble today. Still, I currently have 800 shares which might just be enough going forward. I was not expecting that crazy bounce in NG an hour ago. Insane move up for absolutely no reason!!
I am currently down 600 bucks and not fazed one bit. This has all the earmarks of a top. Can think of no reason for these prices to hold for very long. Looking forward to the turn and the violent drop that is bound to come.
Bought my last order at 19.80. My avg is now 20.80. Awesome! It was the best I could do with not ever knowing where the bottom is. I think this was it. Capitulation is at hand.
Yeah, I could not get my buy order in fast enough. Chased it all the way to 20 bucks. I bet anything that was the top out in NG.
You buying down here. I have 600 shares so far. Hoping to get another 400 before this turns.
Damn, did not get filled below 20 bucks, shoot!
Best time to buy!
Bought another 200 shares of DGAZ at 20.70. My Average is now 21.25. Feel pretty good about that. Buying more if this continues downward. Nothing indicates a reason for this high a price in NG.
Someone tell me why NG is at 3.50??
Look at NG run! How high can this go on BS weather reports. Overbought in my book. Might buy another load of DGAZ.
I only have 400 shares at the moment. Wanted to tread lightly for a change instead avging down from a large position. Current avg is 21.62.
There is not much of a reason for NG to continue this run up but that mean zip with this commodity. I am a net buyer at these levels. Keeping plenty of dry powder though. If NG hits 3.60 I am all in DGAZ.
I am with you there. Just glad I only had 200 shares at 22.10. I am letting those shares ride and actually bought another batch at 21.35. Will continue to buy if this drops another dollar or so. Eventually the pendulum will swing the other way and I want to be prepared with a boat load of shares.
Bought another piece of DGAZ this morning. What a lucky break to get DGAZ down at the 21.35 range today. Might buy one more lot and then hold for a little while. Thrilled to have this opportunity to own shares of DGAZ below 22 bucks. Should be a fun ride from here.
Great charts! I don't see the impetus for any real move up in NG from current levels. Very warm this week in the northeast. Will trash the numbers next Thursday. I expect a return to sub 3.00 in the not to distant future. I intend to add more Dgaz this week.
Close enough. I missed that spike in DGAZ this morning for a sell point. Might start putting in sell orders a few dollars into the green in the future to take advantage of the occasional spikes when I am away from the computer.
Well, keep doing what you are doing cause there are those of us who grab every bit of data before making a decision. I am currently sitting in DGAZ from the 22.00 level and intend to let it ride for a few more days.
Glad to see you back in DGAZ. It is much warmer here in Maine and typically if we are running towards the warm side so goes the Northeast. GLTY
I like using your notes and graphs for trading purposes. Has helped me more than a few times. I don't see much of a case for the bulls anytime soon. But with NG anything goes.
NG does not appear to have commitment to the upside. I have bought and sold DGAZ this past week and am back in again at 22.00. looks like a normal to warmer winter ahead. I remain bearish.
Thank you! Sitting in a Villa overlooking St. John's Bay in the Virgin islands. Trading Dgaz, doesn't t get any better than that! Lol. Let's see what transpires Monday! Will buy more if she drops down below 21.00. but NG could easily be topped out.