It is because of these two charts. Even though I look at UNG as a long term play, with these divergences, I'd rather not take the chance and have some extra dry powder right now.
I still like UNG, but will be looking for a lower price to add back shares.
UNG 10 min, you can see what bothers me...
As for timing, UNG 3 min, obviously what bothers me is clearly visible.
Is interest rates about to start going up?
-
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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