184.Online Futures Trading Course Part 5: How Futures Trade
Looking at UNG Natural Gas Fund and Divergences
Similar to the chart of Crude Oil, let’s take a moment to see the structure of the US Natural Gas Fund - UNG both on the weekly and daily charts. There’s some interesting divergences that might be of interest to you.
UNG Weekly Chart:
The Fund started trading in mid-2007 during a sharp... Continue Reading
Submitted BySal Mangano
The holidays have finally drawn to a close. Over the last week or two I have sunk into a pleasant state of relaxation where I have spent more time leisurely renovating my 100-year old house and barely focusing on the stock market or blogging about it.
As a result, my weekly review, which I always...
Submitted ByTrader Mark
I usually don't bring over opinion pieces to the website, but there is a fascinating one by hedge fund manager David Einhorn & Michael Lewis, the author of "Liar's Poker" and for you baseball fans "Moneyball". It comes in two pieces online 'The End of the Financial World as We Know It' and...
Submitted ByTrader Mark
Just a "heads up" for those of you who visit the site rather than read 'Fund my Mutual Fund' via email or RSS feed/reader; we'll be rolling out a quite substantial re-design of the website sometime in the next 7 to 14 days. By "quite substantial" I imply you will probably think you are on the...
Submitted ByTrader Mark
... I shall take a short term swim in these evil instruments called Ultrashorts.Sometimes I read the news on yahoo finance or wsj.com and just shake my head that the market can ever go up ;) It is a horror show out there in the real economy. Thankfully we can trade in the fake economy aka Wall...
Submitted ByCorey Rosenbloom
Similar to the chart of Crude Oil, let’s take a moment to see the structure of the US Natural Gas Fund - UNG both on the weekly and daily charts. There’s some interesting divergences that might be of interest to you.
UNG Weekly Chart:
The Fund started trading in mid-2007 during a sharp...
Submitted ByTrader Mark
We mentioned Allegiant Travel (ALGT) as a name on our radar -candidates.html">this weekend - the stock had fallen from $49 to $44 Friday, and its 50 day moving average was $41 which the stock has fallen to today. So we're going to give this stock a whirl in the $40.70s with a 1.5% stake.I will...
Submitted ByTrader Mark
I've been trading around a core position in Sequenom (SQNM) of late....I had cut this name back on the 18th [Dec 18: Bookkeeping - Cutting Sequenom] after making 30% in 5 days (just under $22) I placed a limit order to try to buy it near the 50 day moving average...
Submitted ByTrader Mark
With the Federal Reserve involved in so many markets I am not sure if our old markers we've learned over the years have as much meaning....Strangely the dollar is up, but commodities also up....Bonds finally cracking, 10 year falling... [Ultrashort Lehman 20+ Year Treasury (TBT) finally working]...
Submitted ByCorey Rosenbloom
A couple of readers have asked me to take a look at current Crude Oil structure and what might be ahead. Let’s do so both on the daily chart, and then see a full Elliott Wave Count with an interesting twist on the Monthly Chart.
Crude Oil ($WTIC) Daily:
Probably the first thing that jumps off...
Submitted ByAlex Stanczyk
Alex’s Notes: The term “slippery slope” has been used quite a bit when it comes to analyst commentary on what the Federal Reserve (which by the way isn’t a government institution, contrary to what many believe) has been up to lately.
A little freedom here, a little sovereignty there, and...