Trading Strategies For GDXJ, SPY, Bonds, and Natural Gas
Chris Vermeulen joins me today to shares his trading strategy for 4 different markets. While most of these markets are not correlated he has reasons for why he is long in each. Pick and choose where you want to deploy your capital.
Drilling at emerging natural gas and helium producer Renergen’s Virginia project, in the Free State, has progressed through the Karoo Supergroup and successfully intersected gas-charged sandstones and fractures, as was previously expected, the company reported on Monday. The gas was intersected under pressure in the morning of December 9, after the company drilled about 50 m into the sandstone.
Was the drop in the markets last week enough to reset the overly bullish techincals?
There’s no doubt that the US markets have been on a strong run over the past two months. It’s reasonable to expect a pullback but was the pullback at the beginning of last week enough to reset some of the overly bullish? I chat with Chris Vermeulen, Founder of The Technical Traders about the set up going into year end.
A Denver-based company that installs data centers at shale drilling sites to take advantage of excess natural gas supplies says it now has eight operations across the US and plans another 30 in the first half of next year.
The centers are being touted as a way to solve the growing problem of gas flaring, where energy companies burn off excess gas. Flaring has risen to a record in Texas this year amid a lack of pipeline capacity.
The bond market is telling us some weakness could be entering the US markets
Chris Vermeulen joins me to look at the charts for US markets, bonds, gold, and natural gas. He points out that bonds have rebounded and are showing that some of the smart big money is taking a more defensive position. However gold is lagging the moves in bonds. Also considering where the VIX had dropped to we could finally see a US market correction that could bring some fear back into investors minds.
The Indian government has started work on implementing a free pricing regime for domestically produced natural gas, which could be freely traded at exchanges.
The move is in line with recommendations of government policy advisory body, the National Institute for Transformation of India Commission (NITI Aayog), that restrictions on domestically produced natural gas be lifted.
How the recent Canadian Election will impact the Canada energy sector
Josef Schachter, Founder of The Schachter Energy Report joins me to share his thoughts on how the results of the Canadian election will impact the already depressed Canadian energy sector. After attending Josef’s recent conference two weeks ago it really hit home just how depressed the share prices are in major companies and the whole way down to the smaller companies. We discuss some of the larger companies and what Josef sees in terms of opportunities.
Please email me at Fleck@kereport.com if you would like more info on Josef’s newsletter.
Did the move into safe haven assets get too extended?
Chris Vermeulen, founder of The Technical Traders kicks off today by looking at the recent downtrends in the safe haven assets. We look at the speed of the breakout and what the long term outlook is. To wrap it up Chris shares a trading strategy for natural gas.
The Indian government is expected to approve a national gas trading hub within the next two months. Sources say that sector regulator, the Petroleum and Natural Gas Regulatory Board, has finalised draft rules for operation of the gas trading hub and that they will be forwarded to the union Cabinet of Ministers for approval.
India’s oil refiner-marketer, Bharat Petroleum Corporation Limited (BPCL), is planning to construct a liquefied natural gas (LNG) terminal alongside the Krishnapatnam port on the south-eastern coastline of Andhra Pradesh state. The company has announced that the floating storage regasification unit (FSRU) LNG terminal will entail an investment of about $240-million and is scheduled for completion by 2022.