Its been a wacky month. I should have done better than I did. Shoulda woulda coulda, right? But right now I’m standing on +4% on my roll for the month, with positions in UGAZ and JDST winning and CLF a small loser. I am keeping the positions on through today. Gold is getting massacred now and has smashed through weekly support, so I think leaving JDST in place is ok for the time being. I’m excited about UGAZ. Seasonally its a good time to buy natural gas, but I wont get aggressive till UNG breaks up through the 50dma. So I will leave my tiny bit in place, and see where we go. The good thing about the levered plays is I do not need to put a lot into it to meet my monthly goals, but likewise I have to be very very careful to protect stops and minimize losses.
CLF well, its making a flag or something on the chart, but coal is so torched, if the republicans win i think coal starts to rebound.
