Yesterday the United States Natural Gas ETF, trading under the symbol PACF:UNG, triggered a new weekly green continuation Trade Triangle at $25.44.
What is interesting about this market is the fact that it has broken above a two-year base, which I believe is very significant longer-term. With the recent pullback from the highs of $27.64, we actually stopped at the previous highs that were set in October 2012 and again in May 2013. Technically, this market looks very good and I am going to layout my case with simple numbers you can tie into the chart.
Looking at a chart of UNG, the most dominant features I see is the two-year base, (number 2) and a breakout over the two-year base (number 6). Continue reading "Is Natural Gas Going To Be The Stealth Bull Market Of 2014?" →
Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Tuesday, the 11th of February.
What are they and why do they matter? Oftentimes bull and bear markets come to an end on a Tuesday, why is that? It all has to do with momentum. Typically a market builds up momentum over the weekend and that enthusiasm tends to carry over into Monday and early Tuesday trading. This is the same momentum rule I use for the "52-Week New Highs on a Friday" trading strategy.
Rule #1: On a new 52-week high when the market closes at or close to its high on a Friday, buy and go home long for the weekend. Continue reading "It's Tricky Tuesday, So Be Careful" →
Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Friday, the 13th of December.
Every Friday, I go through the same ritual in the stocks I've been following for the last several months to see how they have performed for the week. Continue reading "Friday's Winners and Losers" →