This doesn't necessarily mean UNG is going to decline significantly. It has enjoyed an incredible run up and is due for at least a rest and pull back to the RSQ line before possibly beginning another leg up.
Actionable Risk Opportunities, Tactical Musings and Timing Indicators for Investors
Thursday, April 25, 2013
T2 Commodity Model drops UNG...4.25.13
A change in the Commodity model rankings has pushed UNG into the #3 slot for the first time in 2 months. This may be a product of XLU's extreme linearity rather than UNG weakness, but the momentum rankings are clear.
Here's a close up of XLU versus UNG, showing in detail the recent turn in UNG and the continued drive of XLU...even in the face of recent larger market indices weakness.
This doesn't necessarily mean UNG is going to decline significantly. It has enjoyed an incredible run up and is due for at least a rest and pull back to the RSQ line before possibly beginning another leg up.
This doesn't necessarily mean UNG is going to decline significantly. It has enjoyed an incredible run up and is due for at least a rest and pull back to the RSQ line before possibly beginning another leg up.
