BluelightNewsletter

Disclaimer: My personnal opinion is for your entertainment only & should not be used as advice on your decision. I may sell or buy (to cover) my holding according to the market movement. I am not a licensed financial advisor. Please always do your own DD. Set protective stops & not be too greedy. You are responsible for your own decision. I wish you good luck trading. -Blue

Saturday, March 12, 2016

UGAZ: reached 27.01 ( 1.08 before reversal split). Successful bottom-fishing for this round of N. Gas bounce.

---------------Messages sent tot the trading group---------------

Bluelight...

Mar 10 (4 days ago)
to BluelightNewsletter.

 
UGAZ reached 0.9 while N. gas price broke out of 1.8 today! Our given short/term target 1.88, 1.96 should be realized.
UGAZ is in S/T bullish uptrend. Be patient & we should win big!
Please always note this:
"Notice support if price is uptrend, and notice resistance if price is downtrend" ~~~Lord Icecream
Thanks! Happy trading!
Blue
On Wed, Mar 9, 2016 at 11:58 AM, Bluelight... wrote:
Most of time, when it's time to break out, there will come good news.
Technically it's time for UGAZ to have a strong bounce before March 10.
Then here comes good news on March 9:
P.S. several weeks ago we alerted more power generation from N. Gas firing than coal firing now in the U.S.
On Wed, Mar 9, 2016 at 11:38 AM, Bluelight... wrote:
I once said N. Gas should "bounce before Mach 10". It broke out of 0.8 today, under where I also said "a bear trap".
//Patience pays off. Next we want to see N. Gas break out of 1.8 area. S/T target for UGAZ: 1, 1.1
//Don't worry about the coming reverse slit of UGAZ. It should have a strong bounce for the short term.
On Tue, Mar 8, 2016 at 10:49 AM, Bluelight... wrote:
WTI reached target/resistence 38~ (today's high 38.38) and pulled some back. There is profit-taking today as many oil stocks rose a lot recently ( check the charts of our picks BAS EXXI LGCY RIG HOS MRO UNT LNCO UWTI ).
We could then use some of the profit to work in N. Gas play - UGAZ.
I think it is a bear trap for UGAZ under 0.8. Target to sell in S/T: 1, 1.1
Thanks! Happy trading!
On Mon, Mar 7, 2016 at 11:56 AM, Bluelight... wrote:
N.Gas reached 1.614 today. Not far from 21 years low 1.61 set in 1995.
Just buy any dip o UGAZ. Stay calm & win big later!
S/T target of N. Gas price: 1.88, 1.96
M/T target of N. Gas price: 2.08, 2.18
L/T target of N. Gas price: 2.3, 2.5
Decide selling target or UGAZ according to N. Gas price. Short/term for UGAZ: 1, 1.1,
On Mon, Mar 7, 2016 at 11:38 AM, Bluelight... wrote:
I once said N. Gas should bounce before Mar 10. Buy any dip and be patient. Win big later
On Fri, Mar 4, 2016 at 10:10 AM, Bluelight... wrote:
UGAZ flied to 0.864 on Tuesday but then fell off again. You may feel very frustrated if not doing swing trade well.
However, based on my trading experience, no stocks fall in straight line. When the bulls feeling the maximum pain, the bottom is near. I still think N. Gas should have a good bounce before March 10.
Coal producers could not make a profit of a bottle of spring water by selling a ton of coal, even in China.
Now N. Gas is cheaper than coal in the U.S. based on energy unit .
So I think the bottom is near for N. Gas ( UGAZ). Just need calm / patience.
Do "Average down" rather than" cut & then maybe forget to buy back". ...if you cannot do swing trade here.
// I added another trunk at 0.68 today.
// stay calm, win later!
Thanks! Happy trading!
Blue
On Tue, Mar 1, 2016 at 1:09 PM, Bluelight... wrote:
UGAZ tested 0.75~ a moment ago. Now it began to fly... //patience would work.
On Tue, Mar 1, 2016 at 10:02 AM, Bluelight... wrote:
UGAZ tested low 0.761 last Friday while N.Gas reached 1.69, above the low 1.684 set 10 weeks ago.
//a bounce before March 10 is still expected here. Tried to buy dip and gain later.
On Fri, Feb 26, 2016 at 2:25 PM, Bluelight... wrote:
U.S. oil rigs count dropped for 10th straight week.
N. Gas set new low 1.684 ten weeks ago. With oil rigs dropping in the last 10 weeks, there should be less gas byproduct now. N. Gas should be able to hold above previous low 1.684.
Conclusion: Bottom is not far if not here. A bounce could be expected before March 10.
On Fri, Feb 26, 2016 at 1:38 PM, Bluelight... wrote:
UGAZ touched low 0.81 while N. Gas tested 1.732 today
//buying dip and being patient for its likely bounce before March 10.
//N. Gas is clean but now dirty cheap.
//Last year U.S. began to have more power generation from N. Gas than from coal firing.

posted by Blue @ 9:47 PM