Wouldn't go all in here, but not a bad starter price. This market is crazy and it's hard to anticipate direction, but if I'd had some powder on Friday, I would have bought some in AHs too
Probably a good buy down here imo. A lot more bad news out there coming down the pike, than good news. Big deal with the interest rate delay. That's actually a no vote of confidence in this economy.
Calm down now...remember YOU'RE STILL THE GEORGEOUS KING, no matter what happens.
No, it's not time...NG spot starting to drop...inventory report should be pretty high this week...wait for lower 7s
How low you thinking, richard? Also, how long do you think this hurricane season will keep production down and will NG pricing around 2.70 hold? I'm thinking not, but if there is a lot of hurricane activity, as is predicted, then it may stay at these levels.
This spike in NG prices is apparently due to hurricane activity. Don't think prices will hold once the hurricane passes and rigs continue drilling. Temps are higher than normal as well, so builds should be higher too. Good DGAZ buy opp imo
Nice pop today as traders piled on with a small spike in NG prices. However, my feeling is there will be an erosion of these highes today on UGAZ over the coming week until the next report. I'm thinking UGAZ will test the upper 6.00s again. Temps are just too mild to justify any large move in this ETF, but everyone has their own opinion and I'm definitely not sitting here as any expert in predicting such matters. I did, however, think it would fall under 7 today after the report, which it did. NG spot price will also factor in of course...and any speculative news.
Hoping for 27+ on the bounce tomorrow...if we get one. I like the way the machine kicked in near the close today. Wish I could get better at timing these trades, jeez. Sold TVIX way to early in pre mkt when futures were down around 28 points. Didn't expect quite so much upside today, so I both left a good chunk of $$$ on the table on TVIX and bought XIV too early. Doing the perfect hand off would be so awesome, but I've never managed to come real close.
What is it with these huge block sells of 1.5M and almost 2M at 7.58? I noticed a couple of huge block sells like this in AHs last week too. Anyway, not in UGAZ atm, but surprised to see it way down here this early in the shoulder season, too. I'm thinking this could go to 7.00 easy, unless NG prices turn around. Crazy how we got that head fake in NG prices earlier this week, now this. I have no idea what to buy at this point D/UGAZ, kind of a toss up at this point. The only reason I'm biased on DGAZ is, we are still early in the shoulder season.
Little early on the sell of DGAZ imo, Lisbonee, but nothing wrong with taking profits. I sold 2/3 of my position on the way up, but may even buy some more tomorrow if it falls below current levels after the report. I just think this has room to run higher. NG prices continue to drop and build will increase for the short term...I'm thinking. Could be wrong, but we'll see
Shoulder season is essentially fall and spring when NG prices transition from lower to higher and visa versa and inventory numbers do the same.
DGAZ is a hold for maybe a couple more weeks imo...should see 6.50s or higher imo. NG prices continue to drop and the build will increase until the more pronounced cold weather sets in. Gonna be mild nationwide for awhile longer.
Well stated, jw...let's see how things play out. These issues you mentioned have been with us for quite while and it didn't stop the market. The bulls have been injured and are trying to resume the climb, but the playing field has clearly changed. Let's see how things unfold and just how much the Fed and share buybacks can keep this market afloat.
Hey electro...welcome to the world of green thumbs! That must be a tremendous boost to your self esteem. Who knows, maybe you won't even need those therapy sessions if this keeps up. Nice to see you're still here! trump and goldie givin ya the works lately, I see. You just have a unerring way of bringing the warm and fuzzies out of some of these anger driven posters. Anyway, I did the unthinkable and bought some TVIX today...timing wasn't too good...paying for that decision so far, but will hold it for a short spell to see if I can make my $$$ back, that's all. Anyway, I hope you're well.