It’s an interesting market day with the market moving lower despite positive seasonality. Natural Gas (UNG) broke out in a big way up over 15% at the time of writing. Is it ready to continue its big run higher? Carl took the day off so Erin gave us the review of the signal tables and market charts. She then gave us her perspective on the Natural Gas (UNG) chart. As of writing, we have determined that the big move is due to geopolitical tensions over the expiration of LNG exports with Russia for Europe. This could mean more exports and demand for US Natural Gas. Erin then covered Sector Rotation and walked us through all of the sector charts “under the hood”. No sectors currently have rising momentum. All Price Momentum Oscillators (PMOs) are in decline setting up for a very difficult January. Try out any of the DP products…
