UNG Watch

The natural gas exchange-traded fund (UNG) has switched to bear phase on the parabolic sar.

By direction, the signal is consistent with a downtrend that has run since July 2008. It's a strong trend, with an average directional index of 17.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
UNG $7.04

The bearish psar is buttressed by a Person's Proprietary Signal bear flag, a declining macd and a stochastic declining on the cusp of oversold territory.

You are here:

• Reversal
•  $7.60, +8%
• Now $7.04
• Reversal
• $6.82, -3.1%

Below $6.82, UNG is in a black hole. It has never traded below that level.

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This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.

Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

• trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
• adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.

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