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We look to be close to a bottom. Big money will step in soon and off to the races. I am buying another batch today, after that one more purchase and sit tight. When this bounces it is going to be a fun ride.
Almost time to load up the truck in UGAZ! I have been slowly buying in and really think the bottom is very close. Looks oversold all the way around when you consider we are in a normal weather pattern. Cold weather will come in with a vengeance and up NG will run. Anyone a buyer yet?
Yeah, I hear ya! Went long st ,9.60, and 8.90. just glad I only have 1000 shares so far. Will buy another 1000 shares once I see a clear bottom. Might be able to drop my avg down hard if the selling continues. I am not overly worried since winter has yet to arrive. Sellers will become buyers and this will run back to 10 bucks.
Ugaz won't stay down forever. Winter has not even started. I am holding at 9.25 and buying one more load at or near the bottom. Hope to get to around 8.75 all in. Should be a nice bounce play at some point. Would not be shorting NG for very long as winter will set in and up it goes.
Got my avg down to 9.25 today. Feel pretty good about that she's going forward. Let us see what happens after today's report. Good luck.
Thank you, I will check out his posts. Had forgotten about the role over into the next month and that pesky contango. Can kill a play in a hurry. Inevitably, winter is nearly here, cold will sink into the northeast and demand will increase.. Bought half position and will patiently wait to buy the other half. Eventually a 9.00 ish avg will make me bank.
Thank you, seems like a pretty safe bet. We are finally heading through shoulder season into winter. Pretty cold right now in the north east.
Bought my first starter position in UGAZ this time around at 9.60. Seems like there is considerable demand for NG right now that will just become more significant as winter wears on. Might try to hold for a little while and see what happens. Need to buy one more block to fill my order. What is the general consensus right now for the overall direction of NG during the next few weeks to a month?
Agreed, the pullback could come at anytime. I took a shot at a long position but got stopped out, as per usual. Gosh it would be an incredible hit if I could hold a 1000 shares when the mkt falls big. But for now it is a wait n see. Looks about ready for a reversal on UVXY, for whatever my thoughts are worth....I enjoy your posts and input where ever you show up.
Still, without volatility will UVXY be a candidate for a move up or just a continuation of the inevitable slide.? Crazy prermashort....
No way that tax plan goes through.... Could be a super time ahead in UVXY.holding my shares for the ride. Imagine it stalls out, mkt will react badly. Defict Hawks are going to fight this reform plan. Reform plan, ha ha
Does look unsettled with the market down. Very difficult venue to trade well. Holding 500 shares at 16.00 but with tight stop.
OT: Appreciate hearing that. I generally like the people posting here, you included.
I am really working on getting out of these plays when I am up. Been burned a few too many times holding on or doubling down. Slow steady progress getting my cash account into greener pastures.
Not me sold almost 70 cents higher than the close. Put in a sell order and they spiked up n sold me off. Really surprised how strong NG held up today. Will pick up DGAZ again next week.
Sold all my DGAZ shares in the spike. Made decent bank but thought it would be better. Oh well, always protect ur capital. Looking for the next trade.
Nice, looks about the way I expected it today. Friday sell off in NG. Good luck today. I will sell out today, not riding Dgaz over the weekend.
Agree, most gaps will fill in NG. Really nothing to prop this up tomorrow. Expect a decent pullback. Strong NG on the bull side though. Congratulations to bulls who have riding this train. I sold my ugaz to early. Oh well, riding Dgaz for the moment.
Well the current price of NG suggests people believe NG will continue to run. I am waiting till tomorrow. I don't think NG has legs for the next few trading days. Fridays usually take NG down. Still, I am wondering out load if that run up today in DGAZ might have been my chance to make a decent profit. Tough nut this NG thing!!Waiting.....
NG is holding up well today so far. But I would be surprised if people are not taking profits throughout the day into tomorrow. I have a price target for DGAZ of 24.00 to 24.50.
Holding my DGAZ into early next week. Could we see NG down around 3.07?
Wow, It must be awesome to have inside info on NG. I am in for 1000 shares at 23.25 avg. Waiting to see what tomorrow brings. Usually NG drops on Fridays.
Huh? I don't see how. Please enlighten me. Would love to see it though. What do you see happening to make DGAZ run up 7 plus dollars or more by tomorrow? Thank you.
I am betting on sell the news, looks like a bull trap. Natty has run hard to the upside and stalled over the last 2 days. Will know shortly, place your bets.
Price bleed. contango and splits kill the price over time. We might see 30 dollars again.
Bought a gift of DGAZ again today at 22.75. Thrilled to get the chance before NG drops on sell the news.... Seen this a few times. NG is prime for a pullback! Of course I could be wrong and take a beating.....
Thank you! Interesting close today.
I am holding DGAZ overnight, expecting a dump before the report. Was a strong day for NG but was unable to break out of channel. Let's see what tonight into tomorrow brings...
Not so sure, the front month numbers dont support a much bigger move than we have seen in the last week. Wait n see I guess, will likely unload tomorrow in my DGAZ holding and see which way it blows. Good luck to you, be sure to buy and sell often in these etf,s
Smart move, nothing goes straight up. Needs a breather in here.
Keep in mind this is a roll over period with NG and that we are still in shoulder season. Anything can happen right now. Last year this time was a good example. Still pretty warm right now along the east coast. But, good luck you with your trade. I may be on the wrong side of the short term trade. Will place a stop loss.
Certainly looks appealing to short NG at the moment. That was a heck of a slide over the past week in DGAZ. Looks prime for a bounce. I have been much more cautious in my buying habits with these ETN's. Might just grab another 500 shares to really allow for some profit if NG drops but don't want to be on the wrong side of the trade.
Call me crazy but I am buying DGAZ for the short term. NG looks overextended. Has been one heck of a run up off the bottom. I suspect at least a smallish pullback soon in NG. Cold weather and a bullish report could be baked in.....
I so want to buy DGAZ right now but things still look like they are pretty bullish right now. Oh heck, I jumped in at 23.62 for 500 shares.
Still, it is shoulder season, not time quite yet to load the boat. I sold all my UGAZ shares made some bank, sitting cash....
Sold my 8.43 shares at 8.74 this morning pre-mkt. Have plenty of dry powder if this drops down near 8 dollars again. Stuck at 9.1 with a thousand shares but not concerned. Will keep trading to even while waiting for cold weather.
NG is moving north premkt. Is it sustainable? Surprised that it is moving up before the report. Bear trap in play? I am considering blowing out of my shares at a small loss and waiting this out. Don't trust NG one friggin bit, lol.
I am not so sure NG goes down that much. We are very close to a change over to the use of heat. Cold this week at night along northeast. Many time NG moves ahead of the weather. Sun sinks lower every day, brings the cold with it. I am guessing we bounce this week into next. Jmo
Yep! Have bought and sold this puppy a few times.
Agreed! I got lazy and did not bail late last week when I was up 250 bucks now I am looking at a potential loss if this does not turn around. Averaged in at 8.90.