Comments on: Swing Trades & Market Analysis 2-21-23

By: Mikeflegel

Mikeflegel — Wed, 22 Feb 2023 15:52:54 +0000

In reply to JimG. That's what I meant

By: rsotc

rsotc — Wed, 22 Feb 2023 14:28:17 +0000

In reply to jon@jongolnik.com. I'll cover nat gas in the next video today. Basically, UNG took out that steep downtrend line on the daily chart back on Feb 7th but was unable to trigger the next buy signal on a breakout above that trading range that followed (needed to break 8.91/top of range. Daily PPO histogram is still green following the downtrend line breakout so nat gas short-covering rally is likely imminent & volume patterns appear to be at or near the end of a selling climax. R/R is clearly skewed to the long side at this time & 8.91 is stil a big level/objective entry or add-on once taken out.

By: JimG

JimG — Wed, 22 Feb 2023 14:11:32 +0000

In reply to Mikeflegel. MIke its wednesday today? I think?

By: Mikeflegel

Mikeflegel — Wed, 22 Feb 2023 14:09:39 +0000

I personally am hoping that the minutes will force the market up so that I can get moreshort.. Randy today is Friday I wonder if you could make a comment

By: Mikeflegel

Mikeflegel — Wed, 22 Feb 2023 14:08:34 +0000

In reply to Olie1971. This is like any other trade you take your lumps and move on. If you're still long or something wrong. Just like buying on margin you could lose everything.

By: Olie1971

Olie1971 — Tue, 21 Feb 2023 22:51:54 +0000

In reply to Imadaytr8r. I'm still holding long as well. All the more need for an update. Hopefully, we get one.

By: Olie1971

Olie1971 — Tue, 21 Feb 2023 22:33:28 +0000

In reply to Jeff Vandenburgh. It's a little silly to conclude that "everyone is so obsessed with Natural Gas" based on three posts about a recent trade idea. That's a laughable leap and good for a smile, though. : ) Thx.

By: Jeff Vandenburgh

Jeff Vandenburgh — Tue, 21 Feb 2023 20:55:38 +0000

I’m not sure why everyone is so obsessed with Natural Gas. But an asset I would like to see covered more often because of its relevance in terms of how the rest of the market reacts to them: Bonds, yields, treasury, and corporate. Seems that the equity markets are finally reacting to the recent spike in rates. Today’s sell-off especially seems to have been catalyzed with trendline break in HYG. Also worth noting that the 2-Year yield is about to close the day at the same highest close in years as it did in November. It will be especially telling if the 2-Year continues making even higher highs from here.

By: Imadaytr8r

Imadaytr8r — Tue, 21 Feb 2023 20:30:07 +0000

It would be nice to see some volatility in NG instead of basically straight down since it was 7.00! I’m still holding long because the second I clise it will start an epic run higher! Sadly, my history.

By: Olie1971

Olie1971 — Tue, 21 Feb 2023 20:08:08 +0000

Can we get a Natural Gas update, please? We haven’t seen one in a while and it’s even more important to update your trade ideas that are going against us. Thanks.