Thank you Randy!

I’m working on building a watchlist of MLPs and other oil & gas trade ideas & will likely include those. Thanks.

Sorry, but I’ll have to leave the DD (due diligence) on things such as fundamentals and which trade ideas issue a K-1, up to you guys as there just aren’t enough hours in the day to dig into the details of each trade idea. I concentrate my efforts into finding the next trading opps in various sectors, asset classes, individual stocks, etc. & then focus on analyzing the charts (technicals) and sharing what stands out. Yahoo Finance is a good source for news, fundamentals and other details on just about any stock. I’ll usually get there by a quick web search by typing in the ticker symbol followed by ‘yahoo” such as: “glop yahoo” and the first result will usually take me there. You can also check a companies website to see if they issue a K-1 as there is usually an “Investor Relations” or similar link at the footer of the website or somewhere in the main menu.

I did look at quite a few components of IYR (REIT ETF) recently & didn’t see many that stood out as compelling longs although the setup on MAC is compelling although we need to get a decent buy signal to trigger an objective entry. If I come across any more, I’ll let you know.

@rsotc-hello Mr Phinney-yes I’m interested in G & I ideas too-can you also indicate which ones have K-1? Because prefer without. Also I asked about REIT ETFs above-thanks

I’d like very much to find some attractive Gr & Inc trade ideas so I’ll definitely take a look at those names you mentioned above plus any other MLP’s that you or anyone else has on their radar. I’m going to start building a watch-list of MLPs today & will post some of the standouts although I’d also like to see some half-decent evidence of stabilization or a reversal/bottom in the sector before stepping in front of that falling bus.

The subsequent price performance of /NG following comparable levels of open interest has varied quite a bit so I wouldn’t put a very heavy weighting on it.

I’m showing OI on /NG at 1.53m. Over the past 5 yrs, it first hit that level in May 2017 when nat gas was in a downtrend yet it continue to fall sharply from there in the coming months. OI reached that level again in mid-Dec ’17 & was immediately followed by not just a very sharp rally but also a trend reversal (end of 1+ year bear market, start of new 1 yr bull run).

OI once again climbed to current levels at the end May of ’18 with little impact on NG prices although NG had a relatively minor corrected somewhat later. OI also steadily climbed from that 1.53ish high level in late May, rising to 1.67m by early Oct ’18 with nat mostly rising & then going near-vertical after OI peaked and fell sharply for a while until NG finally topped & started the bear market that is still as of now.

This high OI could end up marking a bottom in NG & at the very least, an oversold rally is likely coming soon. However, there aren’t enough data points with consistent performance stats to say this is a level in OI that has a high probability of triggering a major rally soon but I think it does add to that case to a certain degree. Thx for pointing that out.

https://ycharts.com/indicators/nymex_natural_gas_futures_open_interest_ct