The chart on the crude etf, ticker USO (chart above, in particular the descent, looks more like something out of a Warren Miller ski movie than a price chart. That said, devastation often provides opportunity. I took the time to looks at a longer term chart and low and behold notice where the old neckline from that EXTREMELY profitable inverted head and shoulder formation
currently resides. Barring something crazy happening on the open, I expect to be long USO very soon after the market opens.
The chart on the Nat Gas etf ticker UNG (chart above) looks very appealing. I intend to get long UNG on a move above $31.45
The chart on unleaded gasoline etf ticker UGA (chart above) got my interest peaked by the volume spike on it. I realise it is thinly traded with only 138K shares volume but still could be worth watching.
The view on Harmony Gold ticker HMY (chart above) is quite interesting. The chart goes back over 30yrs so it should smooth out the bumps so to speak.
Good speculating to you all and never forget that "an investor is a speculator who made a mistake and will not admit it".
Long 1 unit of Ultrashort Russell 2K ticker TWM $93.10 stop @ IWM $56.31
Short 1 unit Apple ticker AAPL at $110.90 stop @ $113.53
Short 1 unit Salesforce.com ticker CRM @ $56.05 stop @ $34.31