ETFs, Leveraged ETFs, Sector Funds

[No-Quarter]

I am still holding DGAZ. Although it was gut wrenching yesterday, my 10% down stop loss was not triggered. It came close though.

My observations over the past year or so suggest their is so much money in natural gas futures contracts that it takes more than one day for a daily chart trend reversal. I believe the missal attack on Saudi oil reserves was the catalyst that caused the one day reversal to the up side a few weeks back. Without a anomaly like that, reversals tend to roll over. Hopefully good for swing trading, that's my bet anyway. My day job gets in the way of day trading.

If we get a lower high and a lower low today in DGAZ, I will be out.

GLTY