This is going to be a week with a number of factors that are in play to influence HMGP, sooooo........I'll take a shot.... following factors for this week:
1. HMGP >.30, Oil >$59 and....Coldest air mass to hit the Northeast in the last 3 years, at least where I live....Wind Chill warnings are up thru Tuesday, predicting wind chills to be -15 to -30 at night and actual night temps to be <0, and I live on the coast where the water temps are still in the low 40's. when I woke up this morning is was 27, now it is down to 18 and the sun has been out all day. In addition, this artic blast is here for the entire week at a minimum. The Midwest is getting this blast now , so will the Mid Atlantic states and the Southeast. Gotta ask the question does oil and NG go up this week? I say oil back over >$60 and NG >$8 at least this week.
2. The golden cross has occurred. no need to elaborate...this speaks for itself
3. HMGP news/updates are due by mid-month..you know if this potential news has any positive surprises or better yet confirmations on what has been dicsuss on this board...well look out...... MM or not!!!!!!
4. The chart pattern - This has been tight and well controlled since the uptrend began in Dec. Again no need to elaborate..this also speaks for itself.
So...does the above assure no game playing by the MM's this week...NO..but they too are smart and read into all factors way before you and I. Personally the run last week from .195 to .30 IMO were also some of the MM's unwinding, bottom line even the MM's know that this is a powerful freight train in motion and are aware of the positive and potential explosive factors of a well tuned HEMI!!!!!
Kels
