There is a fomula to calculate where the floor is, you catch the knife before it hit the floor. How do you think the hedge funds know when to buy.
-I feel bad for CLF shares holder, they watch too much cnbc, I've been there, done that, lost a junk of money. CLF was mention on the cnbc show almost everyday when the sector was red hot along with X (u.s steel) and WLT.
-Isn't that ironic, company is created to give customer discount and the shares is discounted 90% off from the high.
-Finally, found the customer support 800 number, had to read the instruction how to get to it. Common grpn, the customer support number should be on the front page. Talk to a nice lady and everything is good again. Just hope grpn doesn't go out of business so these employees can have jobs. And for you share holders, good luck. I don't have any position in grpn.
Just made my first purchase today on groupon somehow I can't re-login again after logout, it says my account doesn't exist (just hope the error cause by server down, happens sometimes), I look around and website and can't find 1800 number. #$%$, how do you feel piece of mind to make any purchase if you can't talk to any customer support.
There you go B, if you still in this long NG, time to take some profit off the table. $2.147 high today is the fib 76.4% retracement from Jan29 high (2.315) to the low Mar04 (1.611), in a bullish case, it can get back to 2.17 and higher next week, could be 2.19 but nothing is 100% certain. good luck.
Citron is not right all the time, but what if citron is right, last time they said GPRO worth $30 when the stock was flying high near $100. Wait until Golman Sach cross the river and they pull the bridge behind them.
To get to 2.17 is a long hard fight (I see more open interest on calls side than puts, that's a plus for bull), Weekly and Monthly are all green so I think it's possible but pay attention to Daily chart, it needs to CLOSE ABOVE 2.05 to get there, last time NG reject the high @2.074 on April 04 and closed below 2.05. Today high (2.051) was right at middle channel and SpanB line of ichimoku cloud, if your charting support channel drawing then draw a channel from from Mar 7 low to April 7 low , if not just draw two parallel lines from those lows so you can see where the price is going.
In another word, if tomorrow closed above today high, then there is a good chance it goes higher to your target. NG patterns end in multiple 5, 2.05, 2.10, 2.15. etc.. I only trade NG in the winter, now just scalping NG and trade other futures. Good luck.
Note: last year NG in the range(+/-) from 2.6 to 2.9 from Feb to Aug,
$1190 is good support but don't pull the trigger at that price yet if it get there (I have $1203), if you want to swing, just look at sto, macd, rsi on WEEKLY chart. Wait for sto at least hit 50 line. Stronger support around $1175, plot a horizontal lines on daily chart at those price and look back to see which line the price hit the most, that's strong support/resistance.
Bottom is in, can rebound back to $45 or higher, any news will cause short squeeze, buy some puts for insurance if you go long with shares (april $24 puts only cost $.70). Good luck.
just my best guess bog, don't take my word for 100%, win some lose some is part of the game. Still a lot to learn. If you are interested, check out the website eminiaddict and click on Recent Posts (free), I just discover it recently, they give good estimate, I haven't try their way of chart reading yet, but I'll do when I have a chance. For example, today they estimate oil (future symbol is CL) target is $41.81, that's very close to today high. The only thing I don't like about this kind of chart reading is they use Fibonacci retracement only, there is no such thing as one size fit all indicator.
$1.95 already here, I expect pull back next week to $1.90 (+/-) then $2.05, probably that's highest it can go, then sideway until next winter.
I believe oil going higher to end of year but above $40 the oil war begin, shale oil companies said if price above $40 they are coming back. Google "US shale's message for OPEC", roadblock for oil at $45, major resistance at $47-$48
You're doing good on DGAZ, Nat gas may due for a pull back , been up 6 days in a row and not closing above $1.833 (feb 23, feb 25 open price, feb22 close price), UVXY I think you are early, may retest last low dec 29 @$25.37
That's very true Blue, market ALWAYS go against us little guys emotion. CNN money also have fear and greed index (not VIX) for the general market.