VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (:UGAZ)
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- Margi1983: $UGAZ Up 5% premarket. Came close to the 1/3/19 low of 36.61 yesterday. Good bounce trade off this test. Long at 40.97
- CraigReynolds: @Margi1983 $UGAZ Should I or shouldn't I Be careful. Fed Nat Gas Inventories at 10:30 AM.
- indigo1948: @CraigReynolds $UGAZ - I cannot speak to $UGAZ- no position - but when I traded futures Nat. Gas was one wild ride when inventories came out. It was not unusual to see big spikes in either direction the second the inventories were released. I do not know how this will affect $UGAZ but best of luck.
- CraigReynolds: @indigo1948 $UGAZ Just watching, will move one way or another (Is a 3X mover) Just wanted to let folks know the news at 10:30. Measure risk with a 3X.
- Margi1983: @CraigReynolds $UGAZ Thanks everyone about the nat gas inventories. Just sold 1/2 premarket for a nice gain.I have a tight stop on remaining position with a 5% profit. Might sell before the 10:30 news.
- CraigReynolds: @Margi1983 $UGAZ Great trade. Will be interesting what happens shortly. Will be watching
- PJMR11: $UGAZ ?
- bRobert: $UGAZ $UNG . . If green candle. Double bottom with bullish RSI divergences. Trade with stop below. yesterday's . low
- bRobert: $DGAZ . bumping against 50d . above . Failed here before . Expecting the expected. Would create h&s top. Long $UGAZ with stop.
- issues: @bRobert $UGAZ $UNG Rob! Thanks once again. I prefer UNG's chart. Bought 1/2 position on your note. Thanks buddy!
- gmj: @champ $UGAZ back in this morning tight stop yesterday’s low
- spmeyers: Low risk entry for gas long; $UNG tagged 200-day and filled the gap; starter in $UGAZ
- champ: $UGAZ...moving-up a little now...turned 10-minutes ago....will this bounce continue..?.
- stairm01: @champ $UGAZ Thanks again Champ. In at $48.84 for a trade.
- champ: @stairm01 $UGAZ --- #Spec-trade...really too early for any Thanks....good luck ...on this Hope-trade....I hope it works. So far this is up about $2, off of LOD.
- CraigReynolds: @champ $SSO $FDN $KWEB $DJI $SQ $UGAZ $LABU $LABD #Day-17-and-week-4 #guess #little #Swing-Market-Bull #Momentum #DGAZ If you wouldn't mind for my education. what kind of mental stop do you put on a trade you enter but goes down, not doing what you wanted? Understand you re-enter maybe if it then goes according.
As always, I believe that it is a stock pickers market but the problem is, there are a lot of stocks in the markets. As everyone knows ...I have been posting the # of days that the markets have turned, it helps me to understand.... that t ...
- champ: @CraigReynolds $SSO $FDN $KWEB $DJI $SQ $UGAZ $LABU $LABD #Day-17--- Because lately... I have only been day-trading and I'm also... only a short term swing trader.....meaning I might sell a swing trade on the open, or at anytime... if it turns on me. ...
- champ: @CraigReynolds $SSO $FDN $KWEB $DJI $SQ $UGAZ $LABU $LABD #Day-17--- I have #News-Alerts and I also use #Trailing-Stops on entries certain market conditions ---- I should also point out...that I'm also holding many positions in the energy sector...o ...
- champ: $UGAZ --- For all #Gamblers...this turned off of LOD ...13 minutes ago...did you miss it.
- bRobert: @champ $UGAZ #Gamblers In $ERX
- champ: OUT....$UGAZ...Timing can work...but only for those who stay focused. All the work is done mostly at night...all target lists are ready for the open...with the entry $$$ amounts...you just watch...and wait. Need to be ready daily for the open...it makes... it easier... but it is never easy. Still watching everything very closely now....while I post. All targets are very larger on my screens....and I have news alerts...going off..$URI is dropping a little off of HOD...I'm watching everything....$BAC is HOD...#Day-3 and $C is Day-5.
- Robert1965: @champ $UGAZ $URI $BAC $C #Day-3 Looking at $UGAZ what was timing on entry, saw the top and the turn how did you determine when to buy.
- champ: $UGAZ....new entry...about 30 minutes ago......really moving now....but will it hold or continue..?
- bRobert: @champ $UGAZ Big flag. Leaning bullish . resolution
- petros06: @bRobert $UGAZ got a target price?
- champ: @petros06 $UGAZ ---- On the turn that I posted....see the chart....moving fast ...for now.
- champ: $UGAZ---OUT....took the $$$'s.
- CraigReynolds: @champ $UGAZ Thank you for gift. Got in when post came and out for a very nice dinner at a good restaurant.
- petros06: @CraigReynolds $UGAZ I second this thank you
- gmj: @petros06 $UGAZ I'm back in this morning with a 4% Trailing stop loss for a profit. If this runs above 65 I might add more or take profits by the end of the day.
- petros06: @gmj $UGAZ nicely done
- Robert1965: @champ $UGAZ Nice where did you decide to exit before it hit 57.+ or after the high 57.74 in that time frame then the drop, didn't buy had to get ready a test at the hospital
- bRobert: @petros06 $UGAZ NO. This is more about being on the right side at the right time to scalp some $$$ on a volatile 3x ETF. The easy trade was in November Squeeze breakout ./short squeeze $DGAZ . Watching a h&s top develop on daily with right shoulder reconstruction . Also phase 3 on the WEEKLY . Boding well for $UGAZ . longer term . We will see. Ultimately the price of Nat gas should rise with increasing exports and improved pipeline infra structure, The spread between US and international prices is huge. China just signed a huge long term contract with $LNG .
- Robert1965: @champ $UGAZ Thanks for your post saw your post too late
- gmj: @Robert1965 $UGAZ stopped OUT for a nice gain at 56.85
- Robert1965: $UGAZ turned down to VAMA 15 min $57.16 will it bounce or fall
- champ: @Robert1965 $UGAZ --- Hard to really know...it started zig-zagging really fast....traders are at work...I had 2-nice trades but I'm out for now....this trade is over-with for me today.
- bRobert: $UGAZ Small position. Another good zig in the making
- Robert1965: @bRobert $UGAZ did you add or just hold a partial postion
- bRobert: @champ $DGAZ Took my profit in $UGAZ Watching now
- bRobert: $UGAZ Breakaway Gap still not filled. Flag. Wants to go higher. Small entry off the low. Rinse repeat trade working out
- Macdoo42: @bRobert $UGAZ $XLE any thoughts of starting a small position here? FYI, made a small profit on $UNH. Thanks
- bRobert: @Macdoo42 $UGAZ $XLE $UNH $XLE flag just below 50d. You can take a SMALL entry with a stop below flag 2-3 % Add with flag trigger. OR just wait for a flag trigger (breakout above the flag) Enter in scales as thesis is confirmed. Add on pullback/bounces $UGAZ High volatility high risk . Not for everyone like many other 2X 3x ETF eg $LABU $TVIX High maintenance trade.
- Robert1965: @bRobert $UGAZ are you still in with your buy today
- bRobert: @Robert1965 $UGAZ Small piece.
- bRobert: $UGAZ (phase 3 $DGAZ) Partial position rolled . Island reversal. Will add with further confirmation
- Robert1965: @bRobert $UGAZ $DGAZ where are you looking to add PM up to 66
- audrina0904: $UGAZ - Took the long yesterday @bRobert, very small position, but its worked out nicely. In your opinion, more room to run? Or take my profits and run?
- bRobert: @audrina0904 $UGAZ Raise trailing stop above break even and or take partial profits . Look at the $DGAZ upside down. This is a phase 3 move from a volatility squeeze. It can go farther than you think
- gmj: @audrina0904 $UGAZ I watch the $UNG as a tel currently up 4%; my pos in $UGAZIs up 10% and I set. Trailing stop of 4% and will let it run until I see some volume change in either direction. It’s be a good trade for me.
- Robert1965: $UGAZ anyone buying on the dip
- bRobert: @Robert1965 $UGAZ Not yet
- Robert1965: @bRobert $UGAZ where are you looking at to buy me 59.5
- gmj: @Robert1965 $UGAZ stopped out at 61.56 for about a 9% gain ... will wait and watch before back in.
- champ: @bRobert $UGAZ --- On this ETF, you have to be a weather person and also guess about how high the price of n-gas is going to go...and you also need to be aware about the news about inventory...but what you really have to know about is....what the n-gas traders our #saying...because they are in control of the daily market swings, on the price of n-gas...not any of us in the forum. The #professional-energy-traders, that trade n-gas...are in control of the price of n-gas...and that effects all of these type of ETS's. Now that this ETF has bounced around 60%, all entries are late but traders can get lucky, if they guess correctly, on entry timing. In the last 5-days this ETF has bounced 41% ...and was even 12% higher.
- spmeyers: @Robert1965 $UGAZ they say very cold weather is coming to the East/Northeast; last fall gas soared on cold weather but the supply was tight back then; anyway, I did buy a bit
- bRobert: $UGAZ not filling breakaway gap. Looking for bounce tomorrow. Following
- bRobert: $DGAZ phase 3. Long $UGAZ
- bRobert: $UGAZ Watching for a turn . Today , tomorrow
- audrina0904: @bRobert $UGAZ - I have never traded commodities or any of their vehicles...what is the thesis here? Cold weather? Technicals? Something else?
- bRobert: @audrina0904 $UGAZ No thesis for me. Technicals. Same with $GLD $USO and most commodities . They trade in a very technical manner. News flow moves them but traders guided by the technicals.. Commodities take the escalator up and the elevator down.
- audrina0904: @bRobert $UGAZ $GLD $USO - Good info, thanks
- champ: $UGAZ...cold weather stock, was up over 50% in 2-days.....great trading stock...but only if you have entry-timing.
- bRobert: @champ $UGAZ At some point , increasing exports of LNG, improved pipeline infrastructure, should lead to a sustained bullish turn in the Nat Gas market.
- champ: @bRobert $UGAZ ---I agree but I have both of my eyes open. I'm the largest n-gas pipeline in the U.S... $KMI and I'm trading ETF's in the sector.
- bRobert: $UGAZ Waiting for move > yesterday high $62.20 Healthy consolidation so far after big move. (50%)
- champ: @bRobert $UGAZ ---- Has moved up around $4 off of LOD...RHRN...this is only a day-trading ETF, for most...very high risk....because of all the daily zig-zags
- bRobert: @champ $UGAZ For me too. I do swing partials if warranted.
- bRobert: $UNG $UGAZ Started small counter trend trade late Thurs in $UGAZ Rubber band stretched too far to the downside. . Added Friday. Took partials on the pop and swung the rest. MACD cross. Looking for more.
- CraigReynolds: @bRobert $UNG $UGAZ You trade 3X for long term hold?
- bRobert: @CraigReynolds $UNG $UGAZ No. Long term might be a day or 2 More frequent profit taking. The swings can be huge. ...BOTH ways
- stairm01: $UGAZ Working. I bought Friday! A blind squirrel finds an acorn once in a while.
- bRobert: $UGAZ Partials. will reload later
- gmj: @bRobert $UGAZ looking to take half off, currently have a 4%. Trailing Stop, hasn’t hard much of a pb yet think it could run another 10% filled the gap for the late Dec down... watching to take profits
- bRobert: @gmj $UGAZ I think it could go a lot higher .
- gmj: $RNP ex date tomorrow; wing nicely fir me, my largest pos will continue to hold abv 18:30 level and wait for. B/o abv 18.75 to add. $UGAZ TOOK 1/2 OFF @ 57.45 will ride this bronco now with a 5% trailing stop til I get bucked off.
- woodman: @bRobert - $UGAZ, nice.
- bRobert: $UGAZ Raised stops on partial. Holding gap Consolidating above vwap
- bRobert: @woodman $UGAZ Not my usual trade but my wife says I should try new things
- Robert1965: bRobert $UGAZ Sold all Friday at 47.00 missed the 20% today, where would you look for reentry,
- bRobert: @Robert1965 $UGAZ I would have to look at it from an intraday chart. Look at the multiday presentation. Consolidating move. Not filling the gap.
- woodman: @bRobert $UGAZ - except for wives, I'm guessing.
- bRobert: $UGAZ Squeezing intraday. Still holding partial
- stairm01: @bRobert $UGAZ I entered Friday and got out on all at a 25% gain in a day. Happy to take the money. Of course it could gap up another $10 tomorrow...….or down $10.
- bRobert: $UGAZ HOD Stops raised
- bRobert: @stairm01 $UGAZ Money in the bank. No shame in that. I scale in and out
- petros06: @bRobert $UGAZ it did this Friday and rose $4 more before falling a little before the close
- gmj: $UGAZ back in with a tight stop on this b/o above 58 and $UNG above 29
- bRobert: @petros06 $UGAZ I know. Will trim Again in scales. If i was all out....I would have missed today's move
- bRobert: $UGAZ intraday chart squeeze out. Stops raised
- Robert1965: @bRobert $UGAZ still near HOD, selling anyone
- gmj: @Robert1965 $UGAZ I'm out at 60.28 all positions was a grand day
- issues: @Robert1965 $UGAZ stop set at $55.80... just watching. I think the absolute high was around $450... got a ways to go yet.
- champ: @Robert1965 $UGAZ---- Watching.... and I'm also watching $KMI..the largest n-gas pipeline company in the U.S...their toll-road profits should be really climbing, as cold weather move in....even more. I will be holding my position into earnings, on this position.
- bRobert: $DGAZ WEEKLY phase 3 easy to see( if you're doing yoga head stand.) Daily shows resistance wall it slammed into (downsloping 50d) last week. Tghe failure was the expected move. Some things show up a bit more clearly using the inverse ETF Long $UGAZ partial
- bRobert: $UGAZ . Small position with a stop.
- petros06: @bRobert $UGAZ day trade?
- bRobert: @petros06 $UGAZ I'm off today. Yes .
- gmj: @bRobert $UGAZ itching for this to pop abv recent highs, watching for now, it’s been a winner for me since October volatility.
|Stock Price||$USD 22.26|
The investment seeks to replicate, net of expenses, three times the performance of the S&P GSCI Natural Gas Index ER. The index comprises futures contracts on a single commodity and is calculated according to the methodology of the S&P GSCI Index.Request Video of UGAZ
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