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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: greenehugh who wrote (8643)3/27/2006 7:06:15 AM
From: Helpdesk90  Read Replies (2) of 13449
 
I'm concerned that the silver ETF has been hyped for months and we may see a big "sell the news" event when it finally opens. I sold some silver shares on Friday and have tight stops on the rest. It looks like another up day based on the metal prices I see this morning. Natural gas is a different story. We had a very mild winter in the U.S. It's a non-fungible market and we are entering the storage season with record amounts of gas. But there is a large short position and wacky weather remains a wild card so I am relying on TA heavily and making only short term trades. I like UPL. The drillers are stronger than the gassers. RIG and SLB are good as both long term and short term trading vehicles, imo. The TA setups with explanations and the resources linked on this site are very helpful.
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