UNG Breaking Higher?

 New York, May 16th (TradersHuddle.com) – Shares of the United States Natural Gas Fund (NYSE: UNG) closed the Friday session at $7.51, fractionally lower on a very tight range, as it is dealing with the resistance at the downtrend defined by the 50 day moving average. The UNG has been able to base for the … Continue reading “UNG Breaking Higher?”

Traders Hedging on the XHB

New York, May 16th (TradersHuddle.com) – Shares of the SPDR SERIES TRUST HOMEBUILDERS ETF (NYSE: XHB) closed the Friday session right at $17.96, after staging an intraday recovery bounce right off its 50-day moving average, basically holding the bullish bias. The bulls have been in control of the XHB price action in the past couple … Continue reading “Traders Hedging on the XHB”

Are Traders sending an SDS?

New York, Jan 21st (TradersHuddle.com) – Shares of ProShares UltraShort S&P 500 ETF (NYSE:SDS) were heavily traded this trading session, as the market had its second triple digit loss in a row, something that has not happened since May of 2009. The ProShares UltraShort S&P 500 ETF (NYSE:SDS) seeks daily investment results, before fees and … Continue reading “Are Traders sending an SDS?”

The UNG is Heating Up

New York, Jan 7th (TradersHuddle.com) – The United States Natural Gas Fund ETF (NYSE:UNG) has been nothing more than a widow maker during the entire 2009 period. This fund has been haunted with multiple issues regarding the commodity it is supposed to be tracking. For the most part (some precious metals funds are exceptions), commodity … Continue reading “The UNG is Heating Up”

Dollar Strength Hits Commodities

New York, Dec 17th (TradersHuddle.com) – The Raw-materials sector in the S&P 500 index was hard hit as an increase in the value of the greenback pushed down prices of dollar- denominated commodities including aluminum, copper and gold. Gold and copper prices were slammed and they erased the previous gains from earlier in the week. … Continue reading “Dollar Strength Hits Commodities”

Natural Gas Surges on Stockpiles Decline. Anadarko Petroleum Discloses New Discovery

New York, Dec 10th (TradersHuddle.com) – Natural Gas is surging to an 11-month high, after a report from the Energy Department showed a bigger inventory decline than analysts expected. Inventories declined 64 billion cubic feet in the week ended Dec. 4 to 3.773 trillion cubic feet. The contract for January delivery rose more than 6.5%. … Continue reading “Natural Gas Surges on Stockpiles Decline. Anadarko Petroleum Discloses New Discovery”

Roller Coaster Ben

New York, Dec 7 (TradersHuddle.com) – As the Federal Reserve Chairman Ben Bernanke spoke a key and very strong market reversal occurred with the weakness in the Dollar. The Dollar Index dropped as Ben Bernanke provided little clues regarding the Fed’s interest rates policy and gave no indications that the good economic improvements are leading … Continue reading “Roller Coaster Ben”

Gold Weakness to Continue Monday

New York, Dec 6 (TradersHuddle.com) – Electronic trading and Asian stock markets are putting pressure to price of gold down another 1.54% this Sunday night. The price of Gold tumbled last Friday after a better than expected unemployment number, resulting in a big spike in the Dollar and a big sell-off in Gold. Gold has … Continue reading “Gold Weakness to Continue Monday”

Gold Getting Tarnished?

New York, Dec 3 (TradersHuddle.com) – The last month the market has seen continuous rotation, except for the financial sector that has been lagging in this latest leg up in the market. Gold on the other hand has greatly outperformed the S&P 500 since September and especially the last leg up that started in early … Continue reading “Gold Getting Tarnished?”

Higher Metal Prices Helped Asia Start to the Upside

Tokyo, Nov 23 (TradersHuddle.com) – Asian stocks started trading on Monday, moving to the upside as higher metal prices boosted mining companies. Gold started trading in the shortened holiday week in the U.S., moving higher for the seventh straight session, as the Dollar fell against the euro on speculation that the Fed will keep stimulus … Continue reading “Higher Metal Prices Helped Asia Start to the Upside”