March 21, 2017
(Update: Holding UNG. May buy more if gets above $7.61)
We have decided to buy UNG for a TRADE.
We are technicians and follow the charts. UNG is setting up for a good run which may last for a month or more. We will follow this trade and give you our thoughts as we progress. Buy no more than 50, and we can add to the position if this trade works.
We typically do NOT trade stocks. It is just too much work. But if you want to have a little fun and take some risk, follow our thoughts as we proceed. You will want to place a sell limit order to protect yourself and we can do that tomorrow.
The investment seeks to reflect the daily changes in percentage terms of the price of natural gas delivered at the Henry Hub, Louisiana, as measured by the daily changes in the price of a specified short-term futures contract. The fund invests primarily in futures contracts for natural gas that are traded on the NYMEX, ICE Futures Exchange or other U.S. and foreign exchanges. The Benchmark Futures Contract is the futures contract on natural gas as traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration.
DID YOU KNOW: THE MARKET IS NOW AT A PE OF 17.8. The ten year average is 10.0. Do you think the market is over-valued?????