NatGas Trades May 9th closing price of ERX tells us that it is time to close all Natural-Gas / Energy trades that we entered in late January. Previous closes produced good profits – see here, here and here. Exit ERX – Direxion Daily Energy Bull 3X Shares ETF – at or around 105.90, the close on May 9th ERX was entered on Jan 24th…
The Natural-Gas / Energy trades are shaping up pretty well this year. So far we have banked profits in four trades (here and here). Now is the time exit one more. Exit XLE – Energy Select Sector SPDR ETF – at or around 93.82, the close on April 29th XLE was entered on Jan 24th at 84.33 and resulted in 11.3%…
Energy / Nat Gas Trades The closing prices on April 25th tell that it is time to get out of some more Energy / Nat-Gas seasonal trades that we put on in late January. Exit XES – S&P Oil & Gas Equipment & Services ETF – at or around April 25th close of 46.76 Exit PXJ – PowerShares Dynamic Oil & Gas Services ETF…
Natural Gas in particular and energy sector in general has a seasonal tendencies to offer profitable trading opportunities in late January / early February. Stock Trader’s Almanac has done an analysis and found that AmEx Natural Gas index, $XNG, usually rises between February and June. We have used our proprietary algorithm to find more profitable entry and exit points during this…