Here is a long term monthly chart of Nat Gas. The price is at
the point now that it is becoming unprofitable for many wells with
a higher cost of production. I would guess downside risk is still
pretty sizeable, percentage-wise. Given UNG's poor tracking record
and nat gas stocks that are not priced real cheaply how would you
play this for a long term trader?
This market has been wanting to sell off. You can see it in the
first hour, before the POMO trading starts. Of course, the 10:30
start has been so reliable most buyers now are waiting for 10:30 to
buy. I think that game just ended for awhile.
It is manipulation. When the BLS adjusted wage and salary growth
Tuesday the decline quadrupled from what they had reported
earlier. This was due to a change in sources. They don't want to
spook people on the more widely followed report Friday. This is
detailed in the same article. Biederman will go over it on CNBC in
an hour.
Rick Santelli just said the BLS made an announcement that it
will
notadjust Jan-Mar
unemployment #s tomorrow as Trim Tabs had reported. It will happen
Feb 2010.
Look for a bad jobs # at 8:30 AM and a big drop on the open. The
consensus # is about 325,000 jobs lost.
According to the Dallas Morning News, "TrimTabs says the U.S.
economy probably lost 488,000 jobs in July . . . based on
unemployment insurance survey results, TrimTabs also expects the
U.S. Bureau of Labor Statistics to revise its job loss estimates
sharply higher for the first half of the year.
http://economywatchblog.dallasnews.com/archives/2009/08/more-on-us-jobs-from-trimtabs.html
Also, in 2008 the Birth/Death model contribution of phantom
jobs was much less in July and Aug than the spring. A lower
adjustment for July 2009 would make a higher unemployment # than
expected.
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Nat Gas Long Term Chart
Posted by hoshour on 20th of Mar 2012 at 03:25 pm
Here is a long term monthly chart of Nat Gas. The price is at the point now that it is becoming unprofitable for many wells with a higher cost of production. I would guess downside risk is still pretty sizeable, percentage-wise. Given UNG's poor tracking record and nat gas stocks that are not priced real cheaply how would you play this for a long term trader?
Another Monthly
another monthly....
Posted by hoshour on 17th of Oct 2011 at 11:22 am
What are the indicators and settings you used for your chart?
Bear Flag?
Posted by hoshour on 10th of Aug 2011 at 01:44 pm
What are the odds that yesterday and today are just a pause on the way down? What level would we need to close above to negate that Idea?
MACD histogram in your chart argues for buying gold stks now
Best Gold Stocks?
Posted by hoshour on 3rd of Aug 2011 at 03:12 pm
Best Gold Stocks?
Posted by hoshour on 3rd of Aug 2011 at 02:33 pm
Any favorites for gold miners? I'm looking at ABX and GG.
Bounce at 1220?
Posted by hoshour on 3rd of Aug 2011 at 10:54 am
How strong is support at 1220? How oversold are we now?
So, that would still imply a sizeable negative move ahead?
Very Long-Term Head and Shoulders?
Posted by hoshour on 11th of Jul 2011 at 01:34 pm
Very Long-Term Head and Shoulders?
Posted by hoshour on 11th of Jul 2011 at 11:25 am
Is there a chance that we are making a head and shoulders pattern dating back to 1997?
It would be illegal if he were front-running
Gold
Posted by hoshour on 18th of May 2010 at 02:40 pm
It's only illegal if he sold in his personal accounts first.
He probably sold in his managed accounts first thing, then his personal accounts, then put it in his newsletter, then went on CNBC.
He should have a disclaimer on his newsletter that addresses that order, similar to Cramer's disclosure on CNBC.
Dave
Black Candlesticks
Posted by hoshour on 17th of Dec 2009 at 03:38 pm
What makes a candlestick black instead of red or hollow?
This market has been wanting
the POMO black op's group seems to be having more trouble ...
Posted by hoshour on 6th of Aug 2009 at 04:11 pm
This market has been wanting to sell off. You can see it in the first hour, before the POMO trading starts. Of course, the 10:30 start has been so reliable most buyers now are waiting for 10:30 to buy. I think that game just ended for awhile.
Title: It is manipulation It is
Follow Up on Jobs #
Posted by hoshour on 6th of Aug 2009 at 03:29 pm
It is manipulation. When the BLS adjusted wage and salary growth Tuesday the decline quadrupled from what they had reported earlier. This was due to a change in sources. They don't want to spook people on the more widely followed report Friday. This is detailed in the same article. Biederman will go over it on CNBC in an hour.
Follow Up on Jobs #
Posted by hoshour on 6th of Aug 2009 at 03:14 pm
Rick Santelli just said the BLS made an announcement that it will notadjust Jan-Mar unemployment #s tomorrow as Trim Tabs had reported. It will happen Feb 2010.
Biederman of Trim Tabs will be on CNBC at 4:30.
Jobs #
Posted by hoshour on 6th of Aug 2009 at 02:53 pm
Look for a bad jobs # at 8:30 AM and a big drop on the open. The consensus # is about 325,000 jobs lost.
According to the Dallas Morning News, "TrimTabs says the U.S. economy probably lost 488,000 jobs in July . . . based on unemployment insurance survey results, TrimTabs also expects the U.S. Bureau of Labor Statistics to revise its job loss estimates sharply higher for the first half of the year. http://economywatchblog.dallasnews.com/archives/2009/08/more-on-us-jobs-from-trimtabs.html
Also, in 2008 the Birth/Death model contribution of phantom jobs was much less in July and Aug than the spring. A lower adjustment for July 2009 would make a higher unemployment # than expected.