We took profits in UNG as it made it's recent high as we knew it would pullback, I like this area as a place to add those shares back.
If this is a new position for you, UNG is a long term long trade that we feel has enormous potential. I'd have no problem bringing a new position up to a full size position here (with proper risk management)
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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