We can take a long at market, or wait for 26.09 to get hit to jump in this trade. Stops should be below 23.55 to be safe. Target the 38 handle give or take. It's worth considering this setup, specially if NGAS resumes the uptrend. Check out my updated track record here: pastebin.com If interested in my real time whatsapp alerts and swing trading newsletter, or...
see my chart at $4, now it is a great entry at 23 $GASL
IWM, SPX, Crude all looking "toppy" to me. Wouldn't be surprised to see an initial pop in crude on Sunday night into Monday morning, but top is close in my opinion. Ideally would love to see a lower high on money flow before entering a position.
Started a position in GASL on Friday. Will add on strength
FCG is reaching a point of entry based on hitting key 2009 level of support. The level was touched at the beginning of 2015. However, looking at the monthly trend line, I see a deeper penetration to the $9 level before entry makes sense. Timing of this penetration may not occur until Oct or Nov 2015.