Sectors In Particular

I Hesitate To Say It, But Natural Gas Should Be Positive Next Week.

The probability charts for $UNG and $BOIL are decisive for a positive move for this coming week. Both ETFs have a bottoming William’s %R pattern, which is generally strong.

$BOIL has a strong indicator in a function I developed called Percentage Change for RSI (PCR). PCR calculates a daily percentage and then computes the relative strength (RSI) for all the changes. A high positive PCR number, which $BOIL had from Thursday’s and Friday’s closing numbers, was very high. Caution: $BOIL has been called a widow-maker of an ETF. Its wild gyrations have caught many investors with their pants down or on too tight. I have made money on $BOIL but have definitely lost more, expecting too much from it.

And $UNG has a strong PCR, too, just not as strong. The strongest indicator for $UNG is a stochastic cross-over function. This function tracks a slow and fast stochastic when both have been falling, and suddenly the faster one goes up to cross the slower one; a buy signal is generated. The probability value for the buy signal based on $UNG’s cross-over is very high.

Last thought on these two ETFs – next week, a major winter storm is forecasted for central and northeast U.S. Winter storms are always a catalyst for strong upward price movement in natural gas. We’ll see.

As for my last weekend’s call for the SP500 ($SPY and $IVV), I made some money, and I hope you did too.

Update on Monday, Jan 30′ 23, at 8:15 AM – this looks like a bad call with $BOIL down more than 10% and $UNG down more than 6%.

Markets Overall Sectors In Particular

Energy, The Last Bullish Sector, Is Showing Signs of Weakess

The above chart is red except for the line representing the Energy sector. But even Energy is starting to show bear numbers too.

For individual ETF picks for the next 30 trading days go to

Sectors In Particular

Natural Gas Just Keeps Climbing

Like the battery rabbit, it just keeps going and going. $UNG and $BOIL have appeared as top picks for the past several weeks by the ETF Expectation models, and as of last night, they still are.

I have read that the Europeans are buying up American natural gas by the boatload due to the Ukraine-Russian war. I will use that to confirm the continuing price surge.