Doubt it 's getting there tomorrow, nd. I'm regretting buying at 2.04 in AHs at this point. NG spot is down as I write this, but who knows where it'll be come tomorrow
pud...awesome post. Many have been waiting for the proverbial s**t to hit the fan and are wondering how long this sham of a market can be propped up. It seems the ooze is finally seeping through the cracks and X-mas ain't gonna be so merry for the markets this year and beyond. Having said this, it wouldn't surprise me in the least to see yet another market rally to new highs! After Thur and Fri of last week, it's getting harder and harder to imagine, though.
Not gonna touch it Monday. I'm thinking it dips before the contracts rollover starting next Friday. Just a guess. Why would NG be up so much at this point? Not to be trusted imo.
dream on nd...UGAZ is trading in the 1.40's as I write this in early pre mkt. Why on earth would there be some random huge pop? Temps are falling, but stats on NG haven't changed dramatically over the weekend. I don't trust this jump in price, nor do I understand it.
nd...I stand corrected...not sure why this moved so much, but there you have it. Let's see if it sticks
I'm hoping for a gap down, but ain't gonna happen just yet. I'm thinking we go to the upper 6s before the fall to the mid to lower 5s. I'll be waiting for it.
electro...I respect you a great deal, but 9s and beyond are a definite in my book. It will happen soon enough in 2016. Patience will prevail! BTW...never too long on TVIX which is the key, but after all I've read and hear, there is definitely a good argument for the bears in the coming year
True that nd...other commodities as well. I took what I could in the 6s from an overall failed trade...and will stand on the sidelines and wait for the market to top out before I get into TVIX again. I managed to ave down in pre mkt today at 5.62 but was holding some from 7, so a small loss this time around. The character of this market can change on a dime, but for the time being the bulls are still holding down the fort. We'll see what the New Year brings.
I'd say it already has expressed it's belief in Santa cloaked in oil. Having said that, I'm in for a quick flip at 5.81...I'm thinking the market takes a breather tomorrow and resumes it's climb after x-mas...just my gambling hunch.