A Natural Time of Year

The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out) which I published for members and 12631 subscribers this past Sunday.

A seasonal trade is setting up for natural gas on the long side. 

First, the ETF shows a sideways base since the correction suffered this summer. A move over $22.31 on UNG is likely needed to sustain a breakout this autumn. 

But the crux of the thesis hinges on

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For you night owls out there, feel free to drop me any market/trading-related topics you would like me to cover in a weekend video.

In addition, anything else about the current market, feel free to drop below.

Speak your mind, night owls.

In light of the BAGL buyout in the casual dining space, let’s keep Fiesta (FRGI) on watch on a long idea.

Of course, beyond the prospect of a buyout is a sound technical setup, seen on the first daily chart, below. On further strength I like the idea long.

And on the short side, AmEx still has my eye on weakness below $87.

Drop me your top tickers overnight.

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If you enjoy my blog posts and videos, then I would encourage you to please click on this 12631 hyperlink for more details about joining our great team of traders at a very reasonable price. 12631 is a trading service which @RaginCajun and I direct here at iBankCoin.

In addition, please see the top of this video for details about attending our iBC Investors Conference this November.

Enjoy tonight’s video, and enjoy your evening. 

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As a reminder, something I have been preaching in a while is that in a bull market I focus almost exclusively on liquid, non-heavly shorted, large firms unlikely to get bought out. Now, when we see a confirmed bear market that strategy changes.

However, in the case of GoPro you have the full recipe for a violent squeeze–Low float, heavily-shorted, potential buyout target, hated concept, new-IPO.

Be a sniper short in a bull market, not a sheep in the infinity.

See you after the bell for my video market recap.

I took off a piece of my UGAZ (triple-levered long natural gas ETF) just now inside the 12631 Trading Service, at $16.41 from my $14.95 entry. I discussed the thesis and trade on this blog last week and over the weekend in my Strategy Session.

I am up nearly a quick 10% on it since my entry last week. So, I elected to trade around it and lock in a win for part of the position, especially considering the whippy action in equities today.

I suspect “manufacturing runs,” or winning trades in lieu of home runs, will become (if it has not already been) the name of the game this autumn.

Headed into the final hour, I still see some small cap weakness as a drag on the tape at-large.