Natty gas is surging 30 cents today in the January contract and putting a fire under the land drillers with a +$5.10 move in Crude creating a surge in DO and RIG. A great sector to TRADE!
Does the tail wag the dog, or vice versa?? Do you find the stocks follow the futures, or otherway around?? Same question for the miners/metals... I've heard no correlation, and both sides of the argument...
If the short-term trend has changed in the energy complex, it won't matter where it traded last Thursday . . . those prices won't be seen for awhile. Where is your stop loss at? Crude +4.52 Natty +.33
eeeeek im worried... Im in around 35.25-35.50. HAHA Ill remind you when I sell my shares above $40++++ I do not have a stop order in by the way and will average down like I did last time around $25-$30. Last time it payed off as you know it did jump to $50+ Last week I purchased DUG at $38 and sold it at $44.00 in my IRA, not many shares but enough to make a few hundred in about 2 days.