Yesterday’s post apprised readers of Whooph’s call to SHORT natural gas. This short position, which profits from a down move in an equity, was placed by buying the Nat Gas inverse ETF, KOLD.
And likewise, a trader would be able to take a long position, say during the Winter gas heating demand season or Summer’s high electric power demand generation season, using the Nat Gas long ETF, BOIL.
A conservative trader waits for Price to cross above the Moving Average.
Whooph watches predictive tells, so as explained in yesterday’s post, he bought an initial position in KOLD based on early bullish signal, Price-Indicator Divergence or Disagreement.
Whooph’s Natural Gas SHORT position in KOLD is currently in Wave 1 of 5, having just crossed the Moving Average. So, he can watch for weakness and take short-term profits at the top of Wave 1 or simply hold through Waves 1 (up), Wave 2 (pull-back), Wave 3 (up), Wave 4 (pull-back), and SELL in Wave 5. All depends on a trader’s Time v. Income needs and a trader’s personal preference.
OTHER TRADES:
Whooph is also watching: ARKB (bitcoin), UCO (crude oil), and the broad tech market in TQQQ (emphasizes AI).
AGQ (silver) trends up with Global central banks buying, but as of Sept 26 Silver is in a short-term (final) Wave 5, and showing weakness. Silver will likely take a breather and pull-back. Whooph has not yet issued another post featuring his trigger to short silver since stopping out of his short Thursday morning.
