Technical analysis on the stock market via QQQ along with SOXX (semiconductor ETF) followed by the outlook for the energy sector via crude oil & natural gas. Several trade ideas on indivudial stocks & ETFs are included at the end of the video. Note: Playback speed can be increased in [...]
This is the 5th & final video for today covering the sectors & commodities that look to either be setting up or currently offering objective trading opportunities. This video starts out with a quick look at the charts of natural gas & gasoline followed by updates on the various agricultural [...]
The following video covers both the near & longer-term outlook for various commodity tracking ETNs & ETFs. In addition to stand-alone swing trading opportunities, commodities can also provide diversification within an investment portfolio or trading account due to their low correlation with stocks, bonds or other asset classes. The following [...]
In the comment section below today's Index & Sector Analysis video, in which I briefly touched on natural gas, member @murphydoc inquired: 'So is Nat gas a buy? What would be your target?' Although I'm personally long nat gas, I decided not to add it as an official trade idea [...]
The UGAZ (3x Long Natural Gas ETF) Active Short Trade gapped below T1 to open at 35.26 today, which is where any standing BTC limit orders on the Active Short Trade would have been filled, thereby providing a 25.5% gain in just 5 trading session. Consider booking partial or full [...]
The UGAZ (3x long natural gas ETN) official short trade has traded as low as 40.00 so far today in the pre-market session (not reflected on this chart) which is just below the 41.40 support level with $NG (natural gas futures) having hit my initial & minimum downside target of [...]
The following charts & notes outline the criteria & suggested trading proxies for a swing trade on natural gas.
although the GAZ long trade is still profitable (about 10.4% from original suggested scale-in entry price) but shy of the first target, i am going to remove it from the active trades category as it seems to have stalled out on lack-luster volume since the breakout. GAZ was posted recently [...]
i have added a couple of sub-target resistance levels to the 4 hour GAZ chart for any active traders that took the trade and might be looking to trade around those levels (e.g.-book partial profits at the resistance levels and/or add to the position once those levels are cleared).
the natural gas etf, GAZ, recently made a new low (bearish) but quickly recovered and has remained above that level (bullish). however, prices are still just barely above that support level and anyone interested in this set-up (which has not yet triggered) should be aware this is a high risk, [...]