Replies to This Discussion

Permalink Reply by Keith Mauck (Site Publisher) on October 1, 2009 at 15:05

indeed.

• ▶ Reply

Permalink Reply by Carter on October 1, 2009 at 15:29

I don't know what I think of NG stocks right now, just as they looked to be breaking out, market began to weaken.

Attachments:

• fcg.jpg, 107 KB

• ▶ Reply

Permalink Reply by Carter on October 1, 2009 at 15:54

I still like some names in the sector, if the market holds up and prices hang around yellow trend lines. Charts of of FGC which is independent oil and gas ETF, of some small and larger companies. The other is XNG which is AMEX NG INDEX of mostly bigger caps like DVN and XTO. You can see they pretty much look the same. If stocks weaken and break down from here, I might try an entry at 50MA (blue line) since most natural gas companies are trading well above the 50 and 200 MA.

Most NG stocks bottomed in OCT 08 and not MAR of 09, also they have not gone parabolic for no fundamental reason, unlike many other stocks out there. I will make a post later if I decide to enter some names.

• ▶ Reply