The 2X bear ETF, however, is up 15% in the last few days (we went long 4 days ago). These setups are almost too easy.
HND:
Contango is still in effect. It was indeed a UNG bullish trap.
Thursday, May 5, 2011
Natural gas collapses today, brings UNG and HNU with it, contango rules, HND soars
Natural gas is collapsing today - again, yet again! This happens over and over. As we posted yesterday, prices dropped sharply today, bringing UNG down hard.
The 2X bear ETF, however, is up 15% in the last few days (we went long 4 days ago). These setups are almost too easy.
HND:
Contango is still in effect. It was indeed a UNG bullish trap.
The 2X bear ETF, however, is up 15% in the last few days (we went long 4 days ago). These setups are almost too easy.
HND:
Contango is still in effect. It was indeed a UNG bullish trap.
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