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Yup u know the deal. Nice to farm in Bedminster. Worked in Warrren/liberty Corner. for 10 years! Love the area! I saw a horse farm (10 acres going for 1.2M) Last year). Hillsborough though! Did not last long on the market!
Nothing small like exit 13 on NJ turnpike! Recognized through out the world as funk city.
In the 80's They had a slaughter house (now close). Still have water treatment and Exxon refinery.
Stuck my toes in the water with LABD today under 6.0. Just a tad. More Bio earning next week could drive IBB/XBI higher. But want to start building a position just in case they get bad geopolitical news. I missed a double on LABU last year. Don't plan to miss this one!
mid term view 3 months. Speculators are shorting NG. That is a bet on continue cooler weather (yes including August) and start of shoulder season.
So the big boys short every pop without conviction (NG 3.11 was weak). Could be just a weekly short and they will buy back in tomorrow. You can bet your BP that in the next week or 2 the short will be big time! But that is my guess!
She may for all i know. But NG 3.02 is in play for today/ tomorrow!
Still early but NG should had busted through 3.12. I think is going to take an act from congress to get NG to 3.20. You know how that goes!
Scalped DGAZ for some coins. Safe play is after news gapper!
backwardation is an aberration in NG futures trading. So I dont have any experience with that scenario. I do know it helps UGAZ.
As I wise man once told me. (WZ)
Seasonality picks market direction
Weathers introduces volatility.
Meaning trade the season and the weather. Keep your ear out for disrupting news and contango!
Note. NG should had gone up (summer run) according to chart. We are still waiting for that eh? everything is subject to change.
http://charts.equityclock.com/natural-gas-futures-ng-seasonal-chart
LOL trying to keep a clean image! Is Mcugly
ty wz cant wait to go on vacation. The entire market is in a sideways pattern. Will jotted down for next year. Of course you knew this.
Hard to tell. But I think next weeks report will be even more bullish. We are having a hot week in the east coast. So I would sideways to up with forward looking to next weeks report. Im playing the gap after the report..Too risky if you ask me!
Bullish biotech news all over the place.. Look for LABD to be down tomorrow!
ya b 6.60 A 6.61 last 6.59 lol
been shorting LABD in the 3.65/62 range. Quick scalp for tomorrow.
I think NG will try to break 3.10 tomorrow when it fails may test 3.02 area!
Looking to buy DGAZ tomorrow on the NG 3.10 exhaustion! Plus typically there is some adjustments going into report!
I think report will be bullish. unless they under subscribe it...
Bought JDST @ 64.20.. Looking for 74 to 79 in the coming days!
If your in at 15.93 and you think NG 3.20 is top of summer run. Dont be afraid to sell for small loss.
3.20/3.08 = 1.039
.038X3 = .117
.117X14.25 = 1.6
14.25+1.6 = 15.91
Hope this helps GLTU
The internet has an incredible amount of wisdom/data.. Tap into it!
http://www.investopedia.com/ask/answers/03/100303.asp?lgl=rira-baseline-vertical
NG 3.20 = UGAZ ~15.8. Will provide math when time is available!
NG 3.15 = UGA ~ 15.19
I will trade the season. Bio goes down starting in August. Politicians have to fix healthcare going broke. If it goes single payer Democrats way. I would think bad for pharma a ton of restrictions on pricing!
Im looking to short LABD once it pops today or tomorrow with my scalping account. I dont think is time to short Biotech yet Could be wrong. If they start talking bi-partisan healthcare bill well, we know democrats want to fix pricing doctors, hospitals price for drugs etc. Then is time to load LABD.
Looks good 3.08 and 3.15 resistance. get pass that we can go to 3.20 3.40 weather dependent!
In in NYC area. When it gets 85 there's no humidity and theres a mild breeze. After 7PM temp goes down in the low 70's some days high 60's. Cant drive up NG burn rate with this weather. Soon will be trading Sept cntracts. Will be time to grab DGAZ! Had 24 this morning sold it for peanuts go figure ran up a dollar.
GLTU
lol Dont forget thats only 12 banks in the entire world. What if some big banks came in and went significantly long eh? Heck of a short squeeze huh?
Tread lightly!
This COT report for Banks is posted 7/11/17 Which is last Tuesday. Dont have prior Cot data on banks so they could have gone short a week to a month bank don;t know!
"why would they short ng ,wait ,when they shorted it, it was what a month back, so NG prices where higher that norm,and last part of May, first part of jun,"
NOAA now Bullish on weather. couple that with bank being short. We may get a run here!
MHO
https://www.ncei.noaa.gov/news/national-climate-201706
Thanks send me!
If your out of dry powder (no more money to average down). Then you have about 3 to 4 weeks for UGAZ to hit your entry or average. Typically August is a good month for UGAZ. Coupled said with some warm weather and UGAZ could possibly hit 15. Sept and Oct are bad months for UGAZ thats shoulder season and inventories typically rise. UGAZ can go back down under 11.50 in shoulder season. So you want to be out before then.
For above: Hold to the 3rd week of August to see If UGAZ comes close to your average. Dont be afraid to sell at a small loss.
If you have time and = amount of money to invest and you dont get pop in UGAZ in August. Buy DGAZ Late August ride up for 6 weeks. flip it and buy UGAZ late october/November (Averaging down) and hold for winter UGAZ run.
For the above: Averaging down means If ugaz goes down to lets say 11.50 or possibly 10.50. May go lower. You buy so you can bring your current average down.
Shoulder season is Sept thru October DGAZ goes up. Sometimes bit of November depending on the cold weather. If the weather is cold early UGAZ goes up!. When winter arrives heating puts a demand on NG thus price increases Called the winter Withdrawal season Nov thru Dec bit of January. UGAZ goes up during winter season.
At the end of each month Future options contract expiration occurs. e.g. we are now trading the August contract on 7/27/17 They roll over to September contracts. You need to read up on contango.
Contango Read below: You could lose mula if your in UGAZ with a large contango %
http://commodityhq.com/education/understanding-contango-natural-gas-example/
To keep current of Spot and montly contract pricing see below:
https://www.investing.com/commodities/natural-gas-contracts
Heres a one year chart study it. You will be able to notices The shoulder season aka injection and the winter season aka withdraw season.
GLTU Have a great week end:
This email is not a recommendation to buy Stocks.
Be good Dollar Bill!
Thats why I gave him 2 options....Im playing miners oh my is it going well!
UGAZ 15 was Resistance a few weeks back...never say never Natty will teach ya!
If your out of dry powder (no more money to average down). Then you have about 3 to 4 weeks for UGAZ to hit your entry or average. Typically August is a good month for UGAZ. Coupled said with some warm weather and UGAZ could possibly hit 15. Sept and Oct are bad months for UGAZ thats shoulder season and inventories typically rise. UGAZ can go back down under 11.50 in shoulder season. So you want to be out before then.
If you have time and = amount of money to invest and you dont get pop in UGAZ in August. Buy DGAZ Late August ride up for 6 weeks. flip it and buy UGAZ late october/November (Averaging down) and hold for winter UGAZ run
GLTU
On sidelines also. Looking for IBB 3.35+ to enter LABD. hopefully under 5.80!
GLTU