That's the problem with nat gas market compounded by 3x leverage. When you think you got a direction figured out...it turns around and bites you. D and U are short term trades, especially with the decay. You can just watch D lose money when this thing swings back and forth. It's gonna be pretty late in the winter for me to go long here. But when nat gas goes on those parabolic runs, you can't beat the pull back or bounce trade.
70% short interest here. When this thing finally pops it's going to squeeze nicely but the question is when. Next weeks storage report will be ugly but the weather will be warm. If we can have a warm end to February I think we rally.