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The Portfolio Armor Substack
Trade Alert: Taking Advantage of Weakness

Trade Alert: Taking Advantage of Weakness

Another bet on natural gas.

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Portfolio Armor
Mar 21, 2023
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The Portfolio Armor Substack
The Portfolio Armor Substack
Trade Alert: Taking Advantage of Weakness
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Natural Gas Languishes Again

In a post earlier this month (Another Buying Opportunity), I mentioned market technician Tim Knight’s assessment of natural gas:

Early last year, I noticed something which I have never seen on any other chart before, which is a really magnificent application of the sine wave tool. In this instance, it seemed to follow the long-term path of natural gas beautifully, and it strongly suggested the commodity was in for a fall. Well, it did fall, and with a speed never seen before.

Recent lows seem to approximate a bottom, since they roughly match the lows seen over the long-term. We’ve bounced recently, but I’d suggest that if we encounter any other bout of weakness this quarter, it might be a good buying opportunity.

With that in mind, I placed the trade below today.

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