MCF Stochastic Oscillator left the oversold zone on June 24This is a signal that MCF's price trend could be reversing, and it may be an opportunity to buy the stock or explore call options. Tickeron A.I.dvisor identified 63 similar cases where MCF's stochastic oscillator exited the oversold zone, and 57 of them led to successful outcomes. Odds of Success: 90%.
GAS
AM, ($5.41) was a top quarterly gainer, rising +151.95%Price = $5.41
Daily change = -$0.31 (-5.42%)
Daily volume = 5.7M
3-month price change = +$3.26 (+151.95%)
Capitalization = $2.6B
Tickeron AI shows that Antero Midstream (AM, $5.41) was one of top quarterly gainers, jumping +151.95% to $5.41 per share. Tickeron A.I.dvisor analyzed 40 stocks in the Oil & Gas Pipelines Industry over the last three months, and discovered that 38 of them (94.12%) charted an Uptrend while 2 of them (5.88%) trended down.
Natural Gas - trend to levels belo 1.00As predicted in our post of April 22, Natural Gas grew more than 10% when completing minor wave 2 and is running minor 3 down that should push its price to levels below 1.0 If price crosses up 1.79, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPTDATES.
Natural Gas - correction up before new lowsNatural Gas is tracing minor wave 2 up. The most probable target is at 2.42 before going down again. If prices break down 1.78 this set up should be void. FOLLOW SKYLINEPRO TO GET UPDATES.
NATGAS - just a screen shot of the last 3 tradesPrice is moving down, but this is a simple screen shot showing the accuracy here with out strategy.
Simply follow the Buy and Sell entries, profit opportunities shown here.
Regards
Darren
BOIL RSI Indicator left the oversold zone on June 19, 2020A buy signal is generated. This is a signal that BOIL's price could be shifting from a downtrend to an uptrend. Traders may consider buying the stock or exploring call options. I looked back and found 37 similar cases where BOIL's RSI Indicator left the oversold zone, and in 31 of them led to a successful outcome. Odds of Success: 84%.
Trade of the century! Question is are we ready yet?DONT THINK SONo no no say so! Im ready to be full on bull but itll be later next month or 2. Need a month green bar then its good to go. Look for the big boys to funnel prices down and up for a while do not get fooled yet! But dont miss out and wish you would have bought some gas instead of farting it out and having to smell that pain while watching tv!
NG: UGAZ: Natural Gas Consolidating Lower. Demand Improving.NG Natural Gas July futures contract continues declining on recent lower demand. Fundamentals are still bearish: low LNG exports, 4 Bcd vs 9 Bcd in the winter, and cooler weather over North East. The temperature is expected go higher on June 25-28, per NatGasWeather. With economy reopening on June 20-21, EIA weekly report may turn bullish in the 1st week of July.
The chart is oversold; buyers are coming in at $1.60 level. Last week build was 93 bcf. A build below 90 bcf would be a bullish sign. A short-covering rally may happen soon in anticipation of improving demand.
Lower prices are still possible, if LNG exports do not improve, or weather does not prove to be hot enough. Yet, reopening of the economy should boost demand significantly moving into July.
Trade NatGas? Down we come!All picked up with the strategy.... keep it simple.
Trade what you see not what you think, move with the market.
Regards
Darren
NEO/USDT 4H (Binance Fut.) Ascending channel holding supportFA: Neo mainnet 3.0 is planned before end of year (Q4 2020) and is one of the oldest staking coin generating GAS (2% APR or so).
TA: Right now channel support is holding, I'm expecting price action to bounce up towards mid-line if we're lucky and patient enough.
Current Price= 11.287
Sell Entry= 11.101 - 11.337
Take Profit= 12.151 | 12.751 | 13.771
Stop Loss= 10.588
Risk/Reward= 1:1.5 | 1:2.46 | 1:4.08
Expected Profit= 50.16% | 82.26% | 136.80%
Possible Loss= -33.48%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 6x
Estimated Gain-time= 240h
NG: Natural Gas Further ConsolidationNatural Gas NG July futures bounced last week on warmer weather and production cuts. On Friday we saw a pullback, as weather forecasts lost some CDDs (cooling degree days). UNG fund started August contract roll on June 12 -17.
Technicals: Daily and 4 Hr chart are pointing toward lower prices; 1 Hr chart is forming a bottom. We may have a short-term bounce from lower levels, but overall direction is pointing toward lower prices, or consolidation.
Fundamentals: demand/supply balance remains bearish in the near-term; prolonged heat is required to produce a rally in prices, although the number of rigs has declined by 7. Second half of June was expected to be hotter per last week's forecast, but on Friday, weather pattern turned cooler, with lower demand for cooling. Until the next heat wave emerges, we may be facing lower prices.
Crude oil prices are declining due to high inventories build and worries about slow economic recovery, adding to the bearish picture.
On the positive note, economy is reopening in higher consumption states, NY, NJ, and PA on June 20th. Weekly EIA report capturing this period may show higher consumption two weeks from now. Until then, a strong prolonged heat wave is required to change current bearish price pattern.
June 14 Market Update | Technical, Fundamental, NewsDescription:
An analysis for the week ahead.
Points of Interest:
4-Day Island; Thursday Liquidation; Balance Area Below S&P 500 $2,975; Friday Corrective Action.
Technical:
Risk-off sentiment after equity indices erased an earlier gap that occurred on hopeful economic data. The island of balance left behind will offer resistance on any correction higher. If the market trades through that area, then sentiment has changed and the initiative activity that drove prices lower is no longer present.
Recapping last week’s action, Monday overnight traded to a low-volume area from Friday creating a ledge at $3,211 that the market later moved through, into the close. Prices above the ledge were rejected after Tuesday's overnight auctioned below the breakout point, down to resting liquidity at $3,190.
Wednesday's FOMC meeting officially ended the move higher as volatility increased and the market closed lower. Thursday displayed a rush from risk as selling was persistent and strong into the close.
Friday failed to generate continued selling below $3,000, closing above a prior balance area and VWAP.
Putting everything together, the picture points to the potential for a correction up to the coming Friday option expiration. If liquidation continues into the coming week and value moves lower, then the near-term bullish narrative is no longer intact.
Scroll to bottom of document for non-profile charts.
Key Events:
New York Federal Reserve’s Business Conditions Index; Retail Sales; Initial Claims; Industrial Production; Housing Starts; Housing Permits; Philadelphia Federal Reserve’s Business Index; U.S. Current Account Deficit.
Fundamental:
Short-term speculative derivatives activity results in more hedging and volatility. bit.ly
COVID-19 coronavirus data may have not prompted recent selling. bloom.bg
Keeping unproductive companies going lowers long-run economic growth. bloom.bg
The Congressional Budget Office sees virus relief reaching $2.2 trillion this year. bloom.bg
U.S. gasoline consumption rebounds, led by removal of mobility restrictions. reut.rs
May default volume brought YTD default volume to its highest since May 2009. bit.ly
Coronavirus obliterated the best African-American job market on record. on.wsj.com
Fed to buy as many bonds as necessary to keep yields at desired level. bit.ly
After-tax profits for retail companies fell more than expected. bit.ly
Apple Inc (NASDAQ: AAPL) to stop using Intel Corporation (NASDAQ: INTC) chips. bloom.bg NASDAQ:AAPL NASDAQ:INTC
Incoming shift to digital may grow Amazon Inc’s (NASDAQ: AMZN) AWS revenues. bit.ly NASDAQ:AMZN
The U.S. saw its largest decline in business owners between February and April. bit.ly
BP plc (NYSE: BP) to cut global workforce by 10,000. bit.ly NYSE:BP
Unrest and inequality pose fiscal and governance credit risks for states and cities. bit.ly
Airlines unlikely to fully recover before 2023, face structural changes. bit.ly AMEX:JETS
The U.S. consumer price index continues falling, sparks talk of deflation. bit.ly
Flat yield curves are a key threat to bank margins as rates stay low for longer. bit.ly
Hong Kong’s relief measures reduce pressure on bank asset quality. bit.ly
New SEC rules on crowdfunding a boost to capital raising for startups. bit.ly
Auctioneers race to unload oil equipment as drilling interest dries up. reut.rs
Senators draft plan to reform new plane design approvals. reut.rs NYSE:BA
American Airlines Group Inc (NASDAQ: AAL) to halt cash burn by year-end. reut.rs NASDAQ:AAL
Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS) downgrade Tesla Inc (NASDAQ: TSLA) noting current valuation underestimates risks including increased competition. reut.rs NYSE:GS NYSE:MS NASDAQ:TSLA
The Fed expects household finances to suffer persistent fragilities due to shock. reut.rs
U.S. consumer confidence rises while unemployment shadow lingers. reut.rs
Fed Chair Powell is devoted to the return of a strong labor market. reut.rs
Hertz Global Holdings Inc (NYSE: HTZ) seizes on speculation with stock sale. reut.rs NYSE:HTZ
Sentiment: 34.3% Bullish, 27.7% Neutral, 38.1% Bearish as of 6/14/2020. bit.ly
Gamma Exposure: (Trending Higher) 5,515,247,892 as of 6/14/2020. bit.ly
Dark Pool Index: (Trending Higher) 49.7% as of 6/14/2020. bit.ly
Product Analysis:
S&P 500 (ES): AMEX:SPY TVC:SPX
Nasdaq 100 (NQ): NASDAQ:QQQ TVC:NDX
Russell 2000 (RTY): AMEX:IWM TVC:RUT
Gold (GC): AMEX:GLD
Crude Oil (CL): AMEX:USO AMEX:DBO AMEX:USL
Treasury Bonds (ZB): NASDAQ:TLT
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me.
In no way should this post be construed as investment advice.
Natural Gas Futures: explosive move expectedI expect the price of Natural Gas Futures to make an explosive move pretty soon. Whether it will be bullish or bearish is not clear, the MACD and the moving averages look rather pessimistic but the 50 MA might soon cross the 100 MA upward, which would be a bullish signal. In case the price leaves the triangle bullish, we can expect it to gravitate back to 2.885. In any case, better keep an eye on this one!
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
Trading the Range on NatGas by ThinkingAntsOkMain items we can see on the 4hs chart:
a) The price is inside a Huge 4HS range
b) Both sides have been tested multiple times
c) Currently, we can see a corrective Structure in the middle of the range after bouncing from the lower zone
d) If the Corrective Structure is broken with a bullish movement, we expect a continuation of it towards the Resistance zone
e) TRADING OPPORTUNITIES: Wait for the Breakout and look for 1h corrections
UGAZ: NG Demand Rising. Positive Divergence?Natural gas demand is rising due to electric power sector demand increase. Total U.S. consumption of natural gas rose by 3.9% compared with the previous report week. Natural gas consumed for power generation climbed by 10.1% week over week. In the residential and commercial sectors, consumption declined by 5.9%. Industrial sector consumption decreased by 0.3% week over week. Natural gas exports to Mexico increased 4.8%. (Data from EIA report, last week).
Technicals are showing a positive divergence between momentum and price; MACD is showing higher bottoms (coiling) while NG prices continue to consolidate. A potential for a break to the upside? Waiting for Thursday EIA report.
This week residential demand is continuing to rise because of hot weather. Industrial sector is also picking up due to reopening. Hurricane reduced production by 1 bcf, although produced delays with LNG exports. Fundamentals are turning bullish, although we are still oversupplied. May need another 2 weeks of growing demand to overcome high storage build.
June 7 Market Update | Technical, Fundamental, NewsDescription:
An analysis for the week ahead.
Points of Interest:
ATH; Gap Above; Gaps and VPOCs Below; Absence Of Stronger Sellers.
Technical:
Risk-on sentiment in all major indices. Despite the Nasdaq-100 surpassing it’s all-time high, its moves have become more muted, signaling a rotation from the bigger technology- and innovation-driven companies to energy, transportation, financials, small caps, and so on.
Monday came after an end-of-week flush and a close at the highs. Monday’s overnight action was supported with buyers lifting into the open.
Tuesday’s open seemed exhausted, with some heavy offers developing at and above $3075. Later, the S&P 500 traded down to $3050, an area of resting liquidity, before closing higher.
Wednesday’s session squeezed higher into $3111, came down to some resting bids at $3090, and then buyers closed the range, again.
Friday opened on a massive gap, exacerbated by the May jobs report. The session ended up balancing at and around the $3200 strike.
Putting everything together, the picture points to further upside, but it’s obvious that cracks are beginning to form as indicated by the mechanical, short-term momentum-driven activity going on. As long as value shifts higher and liquidations fail to generate any follow through, then the bullish narrative remains.
Scroll to bottom of document for non-profile charts.
Key Events:
NFIB Small Business Optimism; JOLTS Survey; Wholesale Trade; CPI; PPI; Initial Claims; Import Prices; University of Michigan Sentiment Survey; FOMC Meeting.
Fundamental:
Absent a second wave and geopolitical turmoil, momentum will push markets higher. bloom.bg
Despite government measures, COVID-19 is wreaking havoc on Latin America. bit.ly
Canada adds 290,000 jobs as restrictions on business are loosened. reut.rs
The U.S. economy added jobs in May with the jobless rate falling to 13.3%. reut.rs
The Senate loosened the rules small businesses must follow when applying for PPP. bit.ly
The personal care, restaurant, entertainment, and leisure industries are recovering. bit.ly
Non-white communities realize un-equal recovery, worsened by low liquidity and savings. wapo.st
YouTube’s growth paints a bullish picture for Google parent Alphabet. bit.ly NASDAQ:GOOGL NASDAQ:GOOG
Corporate bond yield spreads reflect expectations of a business cycle upturn. bit.ly
Easing of capital outflows from ASEAN markets reduced liquidity pressures. bit.ly
China’s manufacturing returned to trend, but the consumer sector is still lagging. bloom.bg
Repression, or forced lending to the government at low rates, may be bullish. bloom.bg
By the end of 2020, earnings will be higher than they were in 2019. bloom.bg
Valuation methods pin fair value for the S&P 500 Index between $2,200 and $2,800. bit.ly
Low rates rationalize the outperformance of growth companies. bit.ly
Fed’s balance sheet expansion may slow down inflation. bit.ly
Expensive stocks have not reached levels seen during the tech bubble. bloom.bg
Eurozone corona-bonds would help euro-denominated assets outperform. bloom.bg
OPEC+ agrees to one-month extension of output cuts. reut.rs
Ford is evaluating the need for office space. reut.rs NYSE:F
Remote work to spark a housing boom in the suburbs and smaller cities. on.wsj.com
Amazon plans summer sale for June 22 to jumpstart sales after demand hit. cnb.cx NASDAQ:AMZN
‘Nuclear Option’: U.S. could cut Beijing from the dollar payment system. bit.ly
Sentiment: 34.6% Bullish, 26.6% Neutral, 38.9% Bearish as of 5/31/2020. bit.ly
Gamma Exposure: (Trending Higher) 4, 239, 083, 647 as of 6/6/2020. bit.ly
Dark Pool Index: (Trending Higher) 45.2% as of 6/6/2020. bit.ly
Product Analysis:
S&P 500 (ES): AMEX:SPY TVC:SPX AMEX:SPXL
Nasdaq 100 (NQ): NASDAQ:QQQ TVC:NDX NASDAQ:TQQQ
Russell 2000 (RTY): AMEX:IWM TVC:RUT
Dow Jones (YM): AMEX:DIA TVC:DJI
Gold (GC): AMEX:GLD
Crude Oil (CL): AMEX:USO AMEX:DBO AMEX:USL
Natural Gas (NG): AMEX:UNG
Treasury Bonds (ZB): NASDAQ:TLT
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me.
In no way should this post be construed as investment advice.