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yeah...I bought in on Thurs here looking for a swing trade....natty broke through some pretty good resistance recently and may take a next leg up. next few days will be key to see what direction natty will take IMO
great info yb....thanks for the links. It does specifically state in the disclaimer that the fund can be down even if the underlying security is up or flat.
this is one is definitely a day trade only...have to be very careful.
very interesting...so you are saying that U tracks something different than this chart? which is called 'continuous contract'?
what symbol or chart do you use to track this march contract as you say? I appreciate the help
http://stockcharts.com/h-sc/ui?s=%24NATGAS&p=D&b=5&g=0&id=p19376846830
you as well
with days like today, I can see why you don't trade it much! lol
I am still just baffled by the pps today. I know I haven't been here that long...but damn. NG basically even on the day and U is down frigging 5%....is that normal? I can only assume the snapback will take place over the next trading session or so, no?
would like to see natty hold new support around 3.10 and make a next leg up. Also noticed the yearly 'cyclical' idea of natty going down after winter is over, doesn't really hold up. Spring 2013 - UP, Spring 2014 - level, Spring 2015 - range bound, Spring 2016 - way UP, Spring 2017 - UP
see attached
http://stockcharts.com/h-sc/ui?s=%24NATGAS&p=W&yr=5&mn=0&dy=0&id=p00985989704
lot's of bleed for sure...how often do you see ng up on the day, and U down 1-2%?
plausible?
pretty amazing to see it come completely back.. going to hold on here for a few days and see what happens. .glty as well
$CHK 4.10 Friday - plausible :O
massive reversal in natty today
wowsa...YUGE reversal! LOL
natty coming back pretty strong already
one wouldn't think so
agree...it will be a short at some point.
action?
u guyzzzz think so? $ng just broke through long term resistance @ 3.22. chart looking pretty bullish IMO. just flipped out of D into U early this morn. next resistance point on $ng chart is 3.42ish.
http://stockcharts.com/h-sc/ui?s=%24NATGAS&p=D&yr=1&mn=0&dy=0&id=p85760893585
natgas trading like it expects another big drawdown tomorrow. pushing up against longterm resistance at 3.22ish. break of that could mean upside to next resistance at 3.45. Giddy up!
http://stockcharts.com/h-sc/ui?s=%24NATGAS&p=D&b=5&g=0&id=p76448456613
meh...RSI was a little hot...needed to cool off. Support at 3.75 held like a champ.
http://stockcharts.com/h-sc/ui?s=JCP&p=D&b=5&g=0&id=p80773611574
took position 24.12...let's roll
he just modeling the behavior of the pres, no?
well IMO the major area of support right now is 3.75ish..a break below that would indicate a break in the uptrend a be a sell point for you if you are worried about your trade. I am investing and not trading here as I don't think JCP is going anywhere..but if I was swing trading (as I do elsewhere) I would look at major support and resistance areas. In other words, buy in 3.75s and sell in the 4.25zzzzzzzzzzzz for now. GLTA
Chart attached
http://stockcharts.com/h-sc/ui?s=JCP&p=D&b=5&g=0&id=p22557736059
L2 shows pretty big wall at 4.30. let's see if CHK can chew away at it! If we can break through and hold.... chart shows next resistance at 4.50ish.
http://stockcharts.com/h-sc/ui?s=CHK&p=D&b=5&g=0&id=p36872127787
you are so good and so right...
thx..but it not my call, just the chart. Let's see it if makes another run at it and mebbe push through by eod. would LOVE to see it close at 4.30 or above to turn resistance into support over next few days.
thx Jest...I don't pay for pm's on here so can't reply.
on a more important note...big drawdown today giving CHK an excuse to challenge resistance not seen since Nov, Dec at the 4.25-4.28 level. Let's see if it can break through or not. Daily chart attached for those that can.
http://stockcharts.com/h-sc/ui?s=CHK&p=D&b=5&g=0&id=p47762589862
wowsa...JCP +28% in last couple weeks...you cover your short yet?
as I stated....LOL
CHK daily chart for those that can read them. A close above 4.26 one of these days will indicate a higher high and possible longer term reversal. WE shall see. Either way nice double bottom in the 3.50 area has been set.
http://stockcharts.com/h-sc/ui?s=CHK&p=D&b=5&g=0&id=p46689830063
so very true....just one after another. thank you for this insight
ahh yes...you are so right and good Crusen.
you are so right and good Crusen...thank you very much for this wonderful insight.
LOL...pps broke major support and it reacted accordingly. do you know of some other reason?
no it wasn't...was a t-trade..check yer facts
you boyz are gonna get the drizzles if you don't calm down. LOLzzzzzz
excuse me? I clearly mentioned it was my opinion. If you follow advice of nameless people on message board, that is your problem.
nahhh....