The Dollar & UNG

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blueybong

Well-Known Member
Anyone hedging on the dollar to have a short term rally?

I bought some UUP.

Also UNG (natural gas ETF) hit a new 52 week low last week, so I bought some @ 8.52. Yesterday it had a nice run, but I'll continue to hold for the balance of this week since it's getting cold & snowing through out the US.

Any thoughts on either of these two trades?
 
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blueybong

Well-Known Member
blueybong said:
Anyone hedging on the dollar to have a short term rally?

I bought some UUP.

Also UNG (natural gas ETF) hit a new 52 week low last week, so I bought some @ 8.52. Yesterday it had a nice run, but I'll continue to hold for the balance of this week since it's getting cold & snowing through out the US.

Any thoughts on either of these two trades?
Click to expand...
Damn I was hoping some others might be trading these ETF's.

I sold UNG yesterday @ $9.64 for a $1.12 profit(I had 8K shares)

And UUP/dollar may be getting a short term rally since Spain, Greece, Ireland and some other countries are having debt problems.

Any thoughts???????????????
 
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blueybong

Well-Known Member
oh yea, the euro is now below 1.47. The gold rally is fading and oil has dropped big in the last week.

Dollar rally coming soon!!!!
 
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