DP Trading Room: Natural Gas (UNG) has exploded! | decision point
It’s an interesting market day with markets moving lower despite positive seasonality. Natural Gas (UNG) is up significantly, over 15% at the time of writing. Are you ready to continue your upward trend?
When Carl took time off, Erin reviewed signal tables and market charts for us. She then gave her perspective on the Natural Gas (UNG) chart. At the time of writing, we believe this big move is due to geopolitical tensions over the expiration of LNG exports to Russia for Europe. This could mean increased exports and demand for U.S. natural gas.
Erin then covered sector rotations and walked us through all the “inside” sector charts. There are no sectors currently showing upward momentum. All Price Momentum Oscillators (PMOs) are trending lower as we prepare for a very difficult January.
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01:40 DP signal table
04:38 Market overview (including Bitcoin, yields, dollar, gold, etc.)
24:40 Question
26:52 Natural Gas (UNG)
33:04 Sector rotation overview
35:02 The Magnificent Seven
41:37 Sector Chart Review Learn More
50:13 Symbol request
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Useful DecisionPoint links:
trend model
Price Momentum Oscillator (PMO)
balance volume
Swenlin Trading Oscillators (STO-B and STO-V)
ITBM and ITVM
SCTR Ranking
Bear market rules
Erin Swenlin is the co-founder of the DecisionPoint.com website with her father, Carl Swenlin. She started the DecisionPoint daily blog with Carl in 2009 and currently serves as a consulting technical analyst and blog contributor at StockCharts.com. Erin is an active member of the CMT Association. She holds a master’s degree in information resources management from the Air Force Institute of Technology and a bachelor’s degree in mathematics from the University of Southern California. Learn more