Replies to post #59 on Direxion Daily Nat Gas (GASX)

[THREE-DAY-TRADER]

It is mostly an explainable day.
Looking at $USD the past 3 days along with today, there has been no affect against Crude OIl

[THREE-DAY-TRADER]

You could say same thing about RUSS being affected by nat gas (OGZPY is top holding), yet it is up more than GASX, right? So that contradicts the nat gas explanation, while I do somewhat agree nat gas has an affect overall--- I would emphasize that Oil has been the predominant factor in affecting GASX (FCG), and that I do not think it is as simple as asserting nat gas as reason GASX is down so much in relevant terms.

It is mostly an un-explainable day.
Looking at $USD being up a lot the past 3 days along with today, it has not affected Crude oil, so it is a tough area to gauge right now.

[THREE-DAY-TRADER]

CHK - Chesapeake energy (part of the FCG) had some positive news today of an asset sale to raise cash, and it apparently lifted the stock, which effectively is the main curve ball that was thrown at GASX today.
Also--- True, Nat Gas is up today a lot, but it's that individual stock news on CHK that pushed up the sector even more.
We'll see if it is sustainable next week. I think the run up is over done personally on the sector, along with oil & gas. Oil actually has been the predominate factor in this overall, but sometimes nat gas going upward or surprise news on a stock in FCG holdings can happen & is unfortunately part of the reality of trading and scenarios of unpredictability.

[T695]

It has a lot to do with the price of nat gas, it been down trending every since nat gas has been up trending. Doesn't take a genius to figure that out