Wednesday, May 29, 2013

UNG

I think we were right to err on the side of caution and cut the UNG long down to below spec levels again yesterday as it's down over 1.3% this a.m. There are short term 1-3 min positives, I'm guessing it bounces and maybe it starts putting itself back together at better prices for us, but until I see 5 min and longer charts screaming positive, I'm going to maintain this distance, despite any possible intraday gains this a.m.

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