UNG Fund Release More Shares

Based on the news alone, the premium is reduced from 16% to 6%, very nice. Oct 2009 nat gas is up 17% (including after hours trading) today, while UNG was only up 2.5%. Looks like arbitrage play worked out today. Also seems like the premium of GAZ is now 0%, unless I am doing my math wrong... I take that back, according to ETFConnect GAZ has a 11.12% premium.

UNG

Getting ridiculous.

Premium / (Discount)
12.91%

UNG

Nat gas is very amusing for me (I have given up on trying to long it, thankfully not suffering any losses). Today I noticed how the commodity hit a new low, yet UNG did not. So I pop on over to the UNG website and I see

As of 8/13/2009
Closing Price $12.47
NAV $11.50
Premium / (Discount) 8.43%

So this thing is trading at an 8.5% PREMIUM. If they ever get approval to distribute more shares, watch out!

Blog

This blog has been pretty pathetic recently. I have been focusing on work and using Stewie's service to trade stocks. Although this makes my life was less stressful, it makes this blog a boring read. I can try to post more ideas here, but only if time permits.

Failed Banks

Forgot there was another week in July! Crazy month!

Nat Gas

Breaking up the previous lower high. chart Might get long tomorrow on pullback.

Incredible July

Nat Gas - Next Leg Lower?

After yesterday's big down day (-5%), it looks like nat gas has set a significant top for now. The question is, is there a next leg lower? Or will nat gas start to trend up for the first time this year? I think a break above yesterday's high will be a signal to get long UNG. Till then we assume that this is headed lower since that is the trend.



I actually think there is a significant chance that nat gas has formed a nice double bottom, but for now I have sold my UNG for a gain, and would not mind re-entering at higher prices.

MAD4e

http://www.sendspace.com/file/ydrg2s

Should have everything that you need.

Chop

Healthy digestion of recent run-up from lows? Or resistance forming for a major leg down? I am more neutral than anything.



On another note, I will probably share the TS functions, indicators and strategies that I have shown here (what I call MAD4e). They are not complicated at all, and their usefulness really depends on the market you are trading, but I will share them soon.