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re: BOIL has become predictable

Posted on 1/26/15 at 12:32 pm to
Posted by jlu03
San Diego
Member since Jul 2012
3321 posts
Posted on 1/26/15 at 12:32 pm to
And down she goes.
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 1/26/15 at 12:38 pm to
I may get out before Thursday, because I feel like its going to be a big draw, but I also feel like this beast will not behave predictably.
Posted by rintintin
Life is Life
Member since Nov 2008
16187 posts
Posted on 1/26/15 at 12:54 pm to
Why do you feel like a big draw is coming? Last week was pretty mild, no?
Posted by jlu03
San Diego
Member since Jul 2012
3321 posts
Posted on 1/26/15 at 1:01 pm to
quote:

Why do you feel like a big draw is coming? Last week was pretty mild, no?


Was about to ask the same question. I don't expect anything big and should be less than the 5 year average. I know this storm in the NE right now is making big headlines but temps really aren't that bad so I expect the following week to be a low number as well. The south will be experiencing high 60's to low 70's for the next week. DGAZ stronggggggggggg.
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 1/26/15 at 1:02 pm to
Do you weather channel?

This storm is pretty legit.
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 1/26/15 at 1:06 pm to
30 inches of snow? That's a beast. Boston and NYC are about to essentially shut down. This storm is the real deal.
Posted by jlu03
San Diego
Member since Jul 2012
3321 posts
Posted on 1/26/15 at 1:09 pm to
Showing NYC with tmeps in the mid 20's, nothing out of the ordinary and 80% of the country is experiencing above average temps. Just don't see a big number this week but props to you if I'm wrong.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7143 posts
Posted on 1/26/15 at 1:18 pm to
isn't UGAZ an ETN based on natural gas futures? If it is, the weather this week should have no impact of the NG futures or the price of UGAZ.



Now, with that said, the weather will have an impact to investor sentiment, so if the price jumps, that's just because people think it's worth more than it really is.

Am I totaly wrong on this?
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 1/26/15 at 1:18 pm to
We'll see. I haven't calculated a decision yet. Just kind of thinking out loud. I'm not too worried, as the shorts will quickly recover, I'd imagine, but I just hate leaving money on the table. Going to see how this shakes the next few days and adjust accordingly. You make some good points.
Posted by rintintin
Life is Life
Member since Nov 2008
16187 posts
Posted on 1/26/15 at 3:30 pm to
quote:

Do you weather channel? 

This storm is pretty legit.


This storm will be reflected in next weeks draw, not this week.
Posted by sneakytiger
Member since Oct 2007
2473 posts
Posted on 1/26/15 at 4:57 pm to
Yeah but the market trades real time. Last week's withdrawal, which will be reported this week has already been priced in (in theory).
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 1/26/15 at 5:24 pm to
Kind of. It's trading on a lot of things, but with respect to this week's report, it is trading on the expected over/under of the projections, which are mostly around -95 to -104.

BOIL is again predicable. Predictably down. The one constant is that there is volatility around the EIA release sometimes starting Weds PM, sometimes Thursday AM, and extreme volatility until about 9:40 CST as the equity traders don't all have access to real time future's quotes, and are on a 10 minute delay. Some can see the release, like us, but the future's quotes are delayed by 10 minutes.

Between 9:00 - 9:40 Thursday is interesting viewing. Speculation, release and reaction, professional traders moving on real time futures, and last retail investors moving on 10 minute delayed futures.

I'm still out FWIW. Just watching and trying to learn.
Posted by sneakytiger
Member since Oct 2007
2473 posts
Posted on 1/27/15 at 12:48 pm to
March futures up almost 4%... UGAZ not even up 6%. I'm stumped again.
Posted by L S Usetheforce
Member since Jun 2004
22788 posts
Posted on 1/27/15 at 1:06 pm to
I think you will see UGAZ correlate more predicatably when OIL is above 60 per barrel.
Posted by ynlvr
Rocket City
Member since Feb 2009
4595 posts
Posted on 1/27/15 at 1:26 pm to
I need to bail on this irrational puppy today!

I got in at 3.26 on the 22nd thinking to make bank, and quick. Thought we'd see $4 mark within a week. Week's up Thursday but I sure can't figure what makes this thing tick. Certainly doesn't correlate with the FEB'15. Greedy but not stupid . . . this time.
Posted by sneakytiger
Member since Oct 2007
2473 posts
Posted on 1/27/15 at 1:26 pm to
I found the ticker for the index that the underlying ETN tracks... LINK

Seems to be more in line with UGAZ's performance
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 1/27/15 at 1:34 pm to
And I'm out for now. I'm considering some strategies currently.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 1/27/15 at 4:36 pm to
It was a lot of fun for a long time. Nothing wrong with taking a break.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7143 posts
Posted on 1/28/15 at 8:07 am to
So, which is going up today, UGAZ or DGAZ?
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 1/28/15 at 8:12 am to
DGAZ
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