Direxion Daily Natural Gas Related Bear 3X Shares New (GASX)

GASX poised for another run up!

GASX buy 30.6319



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GASX bullish 34.12









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log chart

Added a starter @ 8.20 - 8.25 today

Another opportunity at hand. Oil continuing to go lower this week. Can't believe GASX went red today, but tomorrow should be green for sure.

Yep and nice move I was in two days ago @ 8.68 out 9.45 yesterday to bad I missed out today 10.35

Was a nice move since low 10's to 14 approx. Time to exit now in my view.
Maybe a bit early (?), but in this market profit taking is important while it's available more than ever.

Also worried in short term that Crude Oil might be holding 43+ & Nat gas may also get more upside a while.
GLTA

It provided one more opportunity earlier near 10.50-10.70 on a big gap down (for not long), and then another 'V' type reversal immediately afterwards.
Volatile down at 10's to say the least.
Crude Oil did pop to a new high in 46 area-- almost touching 47, but then gave it up quickly, which really helped drive down the FCG (that GASX shorts)

So we shall see what happens next

If $Crude Oil holds up at 45.50+ latest support thru Friday and if rig count is bullish on Friday (April 29), I think a good chance we see 47-50 on Oil. Then look for GASX @ 8-9 on next possible leg down if it happens (regardless of Nat Gas)

I've been pondering on posts about the possibility of 9-11 (mainly based upon Crude Oil prospects) in last couple days as a highly likely risk scenario before GASX did break down below 12.
So far we got 10's.

Been watching this one for a few weeks but outside of a couple squeezes before close here and there it hasn't shown any true signs here where the bottom actually is yet it's all a guess.

Sudden V type reversal. Looks like a good entry so far )at least for a day trade flip).
Now we'll see if it holds up.

Nice.

In at 10.51

I'm at 10.51

I had my (12+ area) stop-loss threshold based upon specific criteria of FCG needing to hold as resistance, along with Crude Oil factor needing to hold 43.50/barrel or less resistance.

When I saw that 42 Oil area held as support and that it was surging back above 43, I based stop-loss early in morning on 43.50 needing to hold.
At this point, it is distinctly very possible we see Oil above 45+, into upper 40's, all-depending on FOMC meeting today and EIA data in morning today.
API report already gave it a boost since last night.
Anything is possible today. Maybe we see 45-46 area hold for resistance on Oil if FOMC meeting or EIA data surprises today, but until that would happen, Crude Oil has a short term bullish break out potentially forming.
If it does (as I posted earlier) I'll see GASX a great buy opportunity(perhaps near 9-10?) because I don't see Crude Oil sustaining at or above 50. And once Crude oil tops out, I see it gong back to 40 at least and likely back into upper 30's, which would be a great swing trade on GASX if times reasonable close to eventual bottom area.

At a minimum, I see GASX likely getting down into 10's by today (and that only requires crude oil to get to about 45.50-46).

Averaged down to 11.98 today
Then sold out at a small loss 11.85 area.

It varies each day within various periods of times how much nat gas or Crude oil affects GASX & FCG. Some days and some weeks one commodity impacts the stocks within FCG much more than other periods, but one thing for certain is that most people underestimate the amount of impact of Crude Oil on the FCG stock holdings.
As examples---
Last week a couple of days nat gas was more dominant, and now Today we see Crude Oil being more dominant surging higher while Nat Gas dumping downward in red for 2 straight days, yet GASX hitting new lows today, which clearly shows Crude Oil can have significant impact on GASX. There is no precise % one can depend on for correlating impact upon GASX.


https://beta.finance.yahoo.com/news/split-decision-etfs-holdings-131931299.html
As that article posted previously explained (and as I've posted about here in the past already), Crude Oil on average has a larger impact than the average person thinks on the stocks contained within the FCG.
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If FOMC pumps up stock market tomorrow or if API & EIA reports prop up Crude Oil after today, likely FCG & Crude Oil will up go along with it, and it will mater much more than what nat gas does at least for the interim short term over next few days days if we stock market break out after FOMC & see Crude oil test new highs.
If Crude Oil breaks back above 44-45 area (up to 46-49), which it seems a likely risk being set up now, GASX will get slammed down to 10 or 9 (maybe worse) regardless of nat gas (even if nat gas stays down), and that's how much you might or would see a demonstration of how large Crude Oil's affect can be on GASX/FCG.

Personally, I don't see Crude Oil going above 49-50 if it does break out higher yet, and if it does, it'll be a great opportunity for buying GASX, RUSS, BZQ, DWTI, etc.

The price of oil has about a 25% impact on the price of GASX, the rest is the price of nat gas

FCG -- The ETF's Holdings

FCG -- A Split Decision For This ETF's Holdings
April 26, 2016

"many of FCG's member firms have significant oil exposure, such as top 10 holdings Hess Corp. (NYSE: HES), Anadarko Petroleum Corporation (NYSE: APC) and Marathon Oil Corporation (NYSE: MRO). What that means is the ETF can benefit from rising oil prices, as evidenced by its recent rally, but natural gas exposure remains a concern."


https://beta.finance.yahoo.com/news/split-decision-etfs-holdings-131931299.html


{GASX shorts FCG}

Stop-Loss area triggered for me already. Out since 12.10.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122186516
Will look for re-entry in near future.

Crude Oil showing today that it is in fact a major factor affecting GASX, and not mainly nat gas.
Nat Gas still lowering today, yet Crude Oil in opposite fashion is advancing upward. Certainly an indicator that Crude Oil has a large affect on GASX-GASL; just that some days the affects vary in intensity with Nat Gas.

Added again recently and now have an avg near 12.70.
At this point I will be setting a stop-loss (not noted here yet) as we go thru a 'make or break period' in the stock market with FOMC & BOJ meeting results Wednesday April 27.

Anything is possible at this juncture. I believe energy stocks (FCG) are over bought and due to pull back, but just in case we get a lot more upside volatility in the market from Central Banks or anything else, I will be prepared to sell (stop-loss threshold) based on certain criteria needing to hold and look to re-enter lower soon after.
If the stock market along with energy breaks out to new highs suddenly, it would not surprise me to see GASX at 11 or more likely down toward 9-10 before it would be all over with.

GASX finally starting to show some life today, now that CHK (part of FCG) showing a pull back finally (along with Oil & Nat Gas). Nat Gas got whacked today by a milder than expected weather forecast.

We'll see if it is sustainable.
FOMC meeting result Wednesday afternoon can also affect this in terms of the stock market & $USD denominated Crude Oil.

It has a lot to do with the price of nat gas, it been down trending every since nat gas has been up trending. Doesn't take a genius to figure that out

It sure was a real disappointing piece of crap today, but we'll see what next week brings. It should be due for a pop soon --- The sector seems over run & I like the typical GASX volatility swings that have a tendency to occur.

I let go of all my shares yesterday @
13.40-13.50
Back in today with 12.10 average

CHK - Chesapeake energy (part of the FCG) had some positive news today of an asset sale to raise cash, and it apparently lifted the stock, which effectively is the main curve ball that was thrown at GASX today.
Also--- True, Nat Gas is up today a lot, but it's that individual stock news on CHK that pushed up the sector even more.
We'll see if it is sustainable next week. I think the run up is over done personally on the sector, along with oil & gas. Oil actually has been the predominate factor in this overall, but sometimes nat gas going upward or surprise news on a stock in FCG holdings can happen & is unfortunately part of the reality of trading and scenarios of unpredictability.

You could say same thing about RUSS being affected by nat gas (OGZPY is top holding), yet it is up more than GASX, right? So that contradicts the nat gas explanation, while I do somewhat agree nat gas has an affect overall--- I would emphasize that Oil has been the predominant factor in affecting GASX (FCG), and that I do not think it is as simple as asserting nat gas as reason GASX is down so much in relevant terms.

It is mostly an un-explainable day.
Looking at $USD being up a lot the past 3 days along with today, it has not affected Crude oil, so it is a tough area to gauge right now.

It is mostly an explainable day.
Looking at $USD the past 3 days along with today, there has been no affect against Crude OIl

Gasx includes nat gas, not pure oil play, may explain price action as ng is having nice run today

The $USD has been raging higher today and the last 3 days as part of my thesis for buying into an Oil type of short play, yet GASX is down or just sits still.
Gold is responding lower today, yet Oil is not.

Just amazing, perplexing bad luck right now today.
Even intra-day, BZQ & RUSS (largely oil stock based) are showing more strength today in contrast to GASX.

It's crazy that stock market is down, yet oil is up so far this morning.
Oil is still within 45 resistance, so i'm gonna see how it plays out yet.
Hopefully Oil has finally over exhausted itself.

Perplexing that the $USD is also up again today, yet Crude oil is up at same time

Added earlier near 12.75 for 2nd time.
Cost avg near 13.05.
Chances good GASX pops upward soon toward 14-15 for first upside target area, then maybe much more possible above 15-16+, we will see.
If not, i will sell this or set stop-loss threshold if Oil keeps breaking out higher (and would re-asses for re-entry later on).

So far Crude Oil within my 45 or less parameters range that I'm applying for this trade, and is a reasonable assertion that 45 area will hold for resistance.

The strategy here I'm applying is based upon a scenario Crude tops out between 42-45, so if we get more upside yet toward 45, plan on GASX toward 10-11's yet.
That's where I might add a 2nd time on a contingency basis, and then ride up the next presumed pop toward 14-15+ for first upside target area.

This keeps dropping wth

Also started an initial position just under 13.50 a little bit ago into GASX.
It might get to 12's yet, or even 10 at worse case scenario if Oil heads towards 45's, and if GASX does that, I'll contingently add once more given the circumstances i see for this, as I don't see this as a never ending falling knife (like JDST). I see a nice reversal trade here potentially. At the least a nice multi-day quick flip (at least a 2+ day move upward back above 15-18 area or more)

Also interested in RUSS, BZQ, maybe DWTI.
But I prefer to short oil/energy right now thru the stocks.
A lot more downside risk with oil/gas companies right now (and in stock market in general), and if an oil break down does occur soon, the gas/oil stocks likely will move down at a rate better than Crude Oil for %.

I started accumulating today and any shares lower than my average of 13.23 GL

Getting down toward levels I've been anticipating and hoping for as a potential buyer.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121868650

13's so far...

Damn i just bought it today 15.54 . I sold my Dwti shares and jumped in here

Not moving much up because stock market is not selling off hard yet while traders are waiting for Sunday meeting in Doha yet.
But maybe early next week or within a week or 2 it will move up.

And you should be cautious here. Traders are waiting to see what happens Sunday at meeting in Doha with Oil freeze, etc.
GASX could (not certain yet) have risk lower yet. But if it does have more weakness after Doha meeting this Sunday and Crude Oil spikes more yet toward 44-45, then I'll be more convinced this is a buy.
Otherwise if Oil starts weakening Monday yet after the meeting, then probably this is a buy and uptrend starts likely back toward 20 area.
...And if 'Sell in May & go Away' happens this year, which market is potentially setting itself u for, then GASX could trend much nigher than 20+

GASX & GASL are based on the FCG, so always do your research on those fund holdings.

Anyone know why this barly moving

Retesting 15's and lower as I have been waiting for as possibility to occur.
Really looking tempting here.
But weary of the Crude Oil API data report out today along with EIA tomorrow (Wednesday April 13), so being cautious a bit yet.

Similarly with RUSS being watched (affected by energy).

In 18.01

GASX on watch!

Looking for re-test of 15's here on GASX (?).
That's where I'll become more interested again possibly.

Back in 20.36

Starting to move up. With crude under $36 I think this will keep moving up nicely.

Oh that ones a easy win. Watch Monday Uslv will be green

I mostly follow oil and natural gas, I haven't really traded many metals stocks.

I wanted to sell today to buy $uslv for the bounce

Still has a lot more to come imo. Holding over the weekend most likely.