3830 is probably going to fail here. I have other things to do today, so not going to put a position on.

I set an alert for 3855 to go long and 3813 to go short. E-Mini, not SPX.

sts7049 said:

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maybe now is the time for some BOIL?

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https://www.eia.gov/dnav/ng/hist/rngwhhdm.htm

Take a look at the historical data. February prices are usually lower than January. I think I'm going to sit out a bit longer.

BOIL just went off a cliff.

Any reason it shot so high last summer?

Philip J Fry said:

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sts7049 said:

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maybe now is the time for some BOIL?

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https://www.eia.gov/dnav/ng/hist/rngwhhdm.htm

Take a look at the historical data. February prices are usually lower than January. I think I'm going to sit out a bit longer.

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Maybe it'll hit single digits.

I'm not the expert into why. I think Ukraine and the Freeport plant had something to do with it. Either way, the last time has was that high was in 2008 or so. Hopefully someone smarter than me can chime in, but I'm holding out for low 3s, mid 2s.

Interesting. Was it just because people became unmotivated or was someone cut who knew more than the rest that caused the drop?

FGEN is having a day.

Killin Me Smalls said:

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My Christmas present to you all was selling my WWR holdings on 12/30. You're welcome.

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Yup - I have like 10 more days until I can buy again

Man it seems I've been 2 seconds slow on my entries all this week - and the ones I miss inevitably are the big moves and that leaves me chasing and making stupid decisions...

But I'm basically even for 2023 and I will take it!

techno-ag said:

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Philip J Fry said:

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sts7049 said:

---

maybe now is the time for some BOIL?

---

https://www.eia.gov/dnav/ng/hist/rngwhhdm.htm

Take a look at the historical data. February prices are usually lower than January. I think I'm going to sit out a bit longer.

---

Maybe it'll hit single digits.

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https://www.barrons.com/articles/natural-gas-stocks-boom-bust-51669835976

This is from November 30th

"By the second half of next year, Portillo expects U.S. natural-gas prices to fall to around $3 per million British Thermal Units, from over $6 today.

The problem is that supplies of natural gas have continued to rise, but demand hasn't risen enough to meet it. The U.S. now produces about 101 billion cubic feet (BCF) of natural gas per day, but demand is stuck around 98 BCF, Portillo said. Supplies are expected to be up about 5 million BCF by the end of December, compared to last year. And while supply may stay flat for the first half of 2023, it's expected to ramp up in the second half of the year, adding as much as 4 BCF more per day by the end of 2023."

NG futures at $3.78 right now

Jumped into UPRO too early….or maybe I didn't sell quick enough.

The DOW may be about to lead the charge. I've been averaging into SDOW for a while...

YaketyYak said:

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techno-ag said:

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Philip J Fry said:

---

sts7049 said:

---

maybe now is the time for some BOIL?

---

https://www.eia.gov/dnav/ng/hist/rngwhhdm.htm

Take a look at the historical data. February prices are usually lower than January. I think I'm going to sit out a bit longer.

---

Maybe it'll hit single digits.

---

https://www.barrons.com/articles/natural-gas-stocks-boom-bust-51669835976

This is from November 30th

"By the second half of next year, Portillo expects U.S. natural-gas prices to fall to around $3 per million British Thermal Units, from over $6 today.

The problem is that supplies of natural gas have continued to rise, but demand hasn't risen enough to meet it. The U.S. now produces about 101 billion cubic feet (BCF) of natural gas per day, but demand is stuck around 98 BCF, Portillo said. Supplies are expected to be up about 5 million BCF by the end of December, compared to last year. And while supply may stay flat for the first half of 2023, it's expected to ramp up in the second half of the year, adding as much as 4 BCF more per day by the end of 2023."

NG futures at $3.78 right now

---

More -

https://finance.yahoo.com/news/u-natgas-price-collapse-cut-154903815.html

SPX kissed the lower end of the channel it's been in for a few weeks. Gonna take something to move it out of this range. But seems like a lot of distribution or share acquisition at this price range.

Similar to November, may get a fake breakout and then breakdown. Would like to see a touch in the 392.60 range to complete a Model T from December high and low.

This chip is so painful to watch tho. No impulsive moves.

closed above the falling trendline on the 5min. lets see if it holds

Chop chop chop

Lack of motivation / fear / trust issues

$30,000 Millionaire said:

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Lack of motivation / fear / trust issues

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Will St. Louis Fed President James Bullard speaking at 12:10 move the market at all?

Fake downtrend break. Faking fakers that fake.

I'm up 7 bucks and have free 379 and 381 pins. I love this game!

ProgN said:

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$30,000 Millionaire said:

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Lack of motivation / fear / trust issues

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I want to post a team america "it's about trust" gif but I'm afraid it will cross some lines

$30,000 Millionaire said:

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Fake downtrend break. Faking fakers that fake.

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Faked me damnit

Charismatic Megafauna said:

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ProgN said:

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$30,000 Millionaire said:

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Lack of motivation / fear / trust issues

---

---

I want to post a team america "it's about trust" gif but I'm afraid it will cross some lines

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SBAP

WestTexAg12 said:

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$30,000 Millionaire said:

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Fake downtrend break. Faking fakers that fake.

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Faked me damnit

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Me too but I got out for less than $100 loss.

Golf1 said:

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Will St. Louis Fed President James Bullard speaking at 12:10 move the market at all?

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Probably. Hard to say. This isn't really the time of day to take trades.

some smallcap pharma stocks having a day

old board favorites MBIO & IDRA are both up ~20%

This is gonna resolve today.

YaketyYak said:

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techno-ag said:

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Philip J Fry said:

---

sts7049 said:

---

maybe now is the time for some BOIL?

---

https://www.eia.gov/dnav/ng/hist/rngwhhdm.htm

Take a look at the historical data. February prices are usually lower than January. I think I'm going to sit out a bit longer.

---

Maybe it'll hit single digits.

---

https://www.barrons.com/articles/natural-gas-stocks-boom-bust-51669835976

This is from November 30th

"By the second half of next year, Portillo expects U.S. natural-gas prices to fall to around $3 per million British Thermal Units, from over $6 today.

The problem is that supplies of natural gas have continued to rise, but demand hasn't risen enough to meet it. The U.S. now produces about 101 billion cubic feet (BCF) of natural gas per day, but demand is stuck around 98 BCF, Portillo said. Supplies are expected to be up about 5 million BCF by the end of December, compared to last year. And while supply may stay flat for the first half of 2023, it's expected to ramp up in the second half of the year, adding as much as 4 BCF more per day by the end of 2023."

NG futures at $3.78 right now

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Looks like an era of cheap energy ahead. That should help the economy. Hopefully BOIL will continue to be volatile for swing trades at these lower levels.

Golf1 said:

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Will St. Louis Fed President James Bullard speaking at 12:10 move the market at all?

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Lfg. I'm still gonna lotto calls on the 378.3 touch except now I'm afraid any big move is going to blow through it

Is this ES?