Trading

[Wanderer]

Stopped out at 5.4 for a 2% loss on a bearish natural gas storage report. Back to all cash for now.

Bonds are back in the cash! Also, precious metal have not let me
down when it comes to making money!

[Wanderer]

Stopped out at 5.4 for a 2% loss on a bearish natural gas storage report. Back to all cash for now.

FG - talked with a NG supplier today and they recalculated rates to reflect a flat price market and even are considering the need to reflect a very minor decrease for the winter of 2011.

[Finance Globe]

FG - talked with a NG supplier today and they recalculated rates to reflect a flat price market and even are considering the need to reflect a very minor decrease for the winter of 2011.

Yes, the storage for natural gas has been high for quite some time. It makes me wonder what the industry has planned.

On a side note, US steel (X) looks attractive here from 41.50 - 42 with a 41.25 stop.

[Finance Globe]

I didn't realize that X is reporting earnings Tuesday. Go light here if you trade it.

[Finance Globe]

I didn't realize that X is reporting earnings Tuesday. Go light here if you trade it.

X off at 42.15 due to earnings coming out soon

[Finance Globe]

FG - talked with a NG supplier today and they recalculated rates to reflect a flat price market and even are considering the need to reflect a very minor decrease for the winter of 2011.

I'm starting to think that natural gas prices hit a bottom, or at least a temporary one. Are we looking at a cold winter? I will be looking at getting back into UNG soon if it holds up.

[Wanderer]

Natural Gas has bottomed according to those close to the industry this week. No overly cold winters were noted. They did note more precipitation than normal. A reference to the Farmer's Almanac was made... not used to do predictions.

[Finance Globe]

The charts are very strong over the past few days along with positive divergences, however the fundamentals of natural gas are still weak. So this trade should be made with a bit of caution.

From an investor's view, you have to look at the charts in my opinion and go with it. If the charts are right, then this could easily double over the next quarter.

This is one I will be adding to my IRA this coming week with a bigger stop than normal because I want in, and want to stay in until a bigger reversal plays out. You could buy calls for UNG, if you are into options trading, or just by the NG futures market if you have a futures trading account. On the other hand, you could also look for stable but beaten down natural gas drillers with dividends.

[Finance Globe]

Putting on UNG at 5.54 with a 5.18 stop.

[Finance Globe]

Silver, gold and other metals have confirmed the uptrend.

[Finance Globe]

Putting on UNG at 5.54 with a 5.18 stop.

UNG is working, and is up 6 1/2% from the original trade. I am raising the stop at 5.55 for a 1 cent profit just to be safe. Note that this will not protect you if we have a severe gap down. I am looking for an exit of at least 6.45 for a cool 14% gain, I will be raising my stop price along the way to protect profits. $7 - $8 does not seem far out of reach either, so we will keep a close eye on this one. Be weary though that natural gas has swung wildly on uptrends, so be prepared for some scary times.

[Finance Globe]

UNG off at 5.95 X back on at 48.50 due to takeover rumors and a strong but overbought chart.

[Finance Globe]

Stop for X is 46.80

[Finance Globe]

All cash, nice gains on UNG, but I'm starting to regret taking profits so early. Stopped out of X. Today was a horrible day for precious metals, for example, silver was up nearly 5% earlier today and closed down almost 4% a very good sign of a reversal or at least a shakeout in a big way.

[Wanderer]

Moved funds from bonds and spread to other areas. Bonds have slowed way down.