The Importance of Triggers
Even if the presidential debate didn't conclude anything last night, it has definitely made for some interesting chatter. Many people I know had already come to the conclusion that Obama was going to get re-elected. Last night, while only one night, was enough to create a bit of doubt. For Romney supports, I believe the term "hope" is more appropriate.
I took some small positions into the debate last night with an add-on purchase of Arch Coal (ACI) as well as the United States Natural Gas Fund (UNG). Both were higher today, but then again, what isn't? UNG isn't doing much, but there is a bigger thesis behind this position than just the debate, so I continue to hold. Stockpiles for natural gas were higher than anticipated this morning, so it is starting to weigh on UNG. Ideally, the market would shake off that weakness and natural gas would recover. That action would be bullish for shares, so I am going to keep an eye on trading this morning. I will start to get concerned under $21.40....631 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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