another possible target. looks like hard to imagine though.
Attachments
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.
Petsamo wrote:So who wants to short UNG? I'm thinking of taking profits. I'm above break even
It is suffering from contango, I don't see why not.
I sold it at 5.85 for a 1.4% gain.
History: bought 5.78, sold 5.70, rebought 5.51, sold just now
Nice, having a warm winter, and I hear there's an oversupply. UNG close to that resistance trendline, personally I'd wait for a nice bear reversal bar on the hourly.
USD/JPY is going honeybadger.
Last edited by waverider on Wed Jan 25, 2012 12:49 pm, edited 1 time in total.
"The only way to get a real education in the market is to invest cash, track your trade, and study your mistakes"
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.
Petsamo wrote:So who wants to short UNG? I'm thinking of taking profits. I'm above break even
It is suffering from contango, I don't see why not.
I sold it at 5.85 for a 1.4% gain.
History: bought 5.78, sold 5.70, rebought 5.51, sold just now
Nice, having a warm winter, and I hear there's an oversupply. UNG close to that resistance trendline, personally I'd wait for a nice bear reversal bar on the hourly.
$DAX Daily: The 50% Fib level was resistance for a couple months before breaking through earlier this month. Now it looks like the 61.8% level is providing resistance, for now at least.
Once we get a break of the up trend in SPY or TNA or whatever I'll be short TNA or long TZA. I won't front run though. Neg divergences have been building for weeks but that hasn't mattered.
Could be investors may expect more of the same from Fed - twist - buy more 30 year treasuries??
Keep mortgage rates as low as possible - hope it sparks the housing industry
Also $DAX provided black candle after hollow red yesterday, could be an intermediate top
ClarkW wrote:$DAX Daily: The 50% Fib level was resistance for a couple months before breaking through earlier this month. Now it looks like the 61.8% level is providing resistance, for now at least.
evil plan, for fun since everyone falls into a sleep.
Attachments
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.
You always provide the direct link to your charts. Here a link to a nice little chart which might prove useful in the hours ahead. For those without a stockcharts.com subscription, here a screenshot: