I'm a big believer of leader and lagger in the markets. There are stocks (or markets) that don't go down as much as others in a bear market. Those usually start rallying faster and more than those got beaten down. I think crude is definitely is the leader and nat gas is the lagger. When crude goes higher, nat gas either stays or up a bit. When crude goes down, nat gas goes down even further. While nat gas can rally while crude goes down, I don't see this happen just yet. I don't know when it'll come. I'm just afraid, the market correction starts and before nat gas starts seeing any rally, it would drop.
Yesterday, I placed a day order to add lumber at 196.50. I thought I was filled since it settled at 196.3. However, when I checked this morning, I didn't get filled. Not to mention, today Lumber went limit-up to 206.3. It was a good buy because Lumber recently went up crazy and has pulled back consolidating around 195-200 level for a few days. It looked like a textbook bull-flag to me.
Anyway, too much whining here. I hope everybody has a great weekend.
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