Tick Also

This is more of just a reminder of how to use the NYSE intraday TICK data for your tool box.

Define the trend with trendlines, often it is a channel up or down, not very often is it a triangle like this, and then look for the break either above or below the trend, that's usually early warning or confirmation for a change in trend for the market, especially on an intraday basis.

As this situation seems to be coming under control, we'll be taking a look at one of my favorite long term longs, UNG which I believe will buck the trend of the market longer term and has significant gains ahead of it as it still is yet to break out of a large base and many of us already have close to a 50% profit in UNG, so there's a lot more potential on the upside and UNG is nearing a add-to position or a new initial position if you are interested.

If you are new to UNG and want to see some of our longer term analysis, let me know- we have been following UNG for over a year now and long before anyone noticed it. UNG is a great example of how a changes in character leads to a change in trend.