Post by
manxcan on Apr 16, 2018 11:11am
The Trades
Long guy. NG Trade. Hnd Dgaz, I have bought Dgaz moments ago and just creating lower a/c. When I know my forward probable I do not take complete exits. Prefer to remove a little, replace same lower and there also add to my overall position. Dgaz is at $26.95 and low Friday was $27.20, a spread of 1% = no concern. Dips below Dgaz $29.80 are a buy opportunity.
Vix more good earnings reports to come. I say the UVXY will drop into $15 - $15.50 range. I find it relaxing and east to wait on a lower price to look for a long opportunity. In fact, mini spikes on UVXY if enough time in day, I will short the exhaustion.
I like fast volatility of VIX but I back off when strong upward appears non existent leading to day over day corrosion.
Gold Hgd HGU one needs to look at 1 month chart 4 hr bars. It has been ok but strong pullbacks.
Hou, buy good dips.Expect Hou ok hold for minispikes through to late May or latest mid June. June to Sept expect oil weaker unless global political agitation stirs the pot.
glta, Cheers Manx
Comment by
LongGuy on Apr 17, 2018 10:19am
Manx very good smart moves you are doing with ng. I have a small position at this point not much gain for me to sell and rebuy hnd lower. Just holding at this point. What worries me is if we have another run like last year before summer...skipping spring drop. I hope I am wrong....as ng should go to $2.50'ish. LongGuy
Comment by
LongGuy on Apr 18, 2018 9:59am
Thanks for the info...makes perfect sense. I just bought a bit more hnd here as ng hit $2.78. Might go a bit higher but should drop as we know spring is here...let's see how today goes. LongGuy