The last time UNG finished this strong, it gapped up the following day. I allowed it to rally in the morning, then I sold. The strategy worked. I repurchased 22 cents lower, and that worked.
Tomorrow, I will place bets that history will repeat itself.
Petsamo wrote:The last time UNG finished this strong, it gapped up the following day. I allowed it to rally in the morning, then I sold. The strategy worked. I repurchased 22 cents lower, and that worked.
Tomorrow, I will place bets that history will repeat itself.
I'm still with ya Petsamo. Gap up tomorrow would be perfect selling opportunity. Unless of course it rockets up to $3 overnight
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Al_Dente wrote:Watch 5 min VIX bolingers compress a bit more into the close, predicting a big gap tomorrow on open (?)
But if everyone is expecting a non farm payroll gap open…………............ http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
Al...there are about 35 pewople online and 200+ visitors. If not a member of stockcharts one can't see any chart you post. Can you easily make them public?
Thanks
When I open that link I get this crazy huge chart showing 3 days worth of candles. I can see it's a 5 minute chart from the post but because I'm not a member it defaults to daily view.
That's what I get so it might be our setting. Al would know if they are public or not but I think he blocked me the other day for some reason.
Petsamo wrote:The last time UNG finished this strong, it gapped up the following day. I allowed it to rally in the morning, then I sold. The strategy worked. I repurchased 22 cents lower, and that worked.
Tomorrow, I will place bets that history will repeat itself.
I'm still with ya Petsamo. Gap up tomorrow would be perfect selling opportunity. Unless of course it rockets up to $3 overnight
Opens at 5.41 + 3 = 8.41 -> SELL
Opens at $3.00 -> Ouch !