Alert: UNG

With the VIX above 70 this market is begging me to buy. Take a look at the daily chart of you UNG, the stochastics are at about 50%, but there is a nice little saucer shaped bottom forming. Will it be a bottom? Only time will tell for sure, but the intraday chart shows that 28.50 is a good stop loss point. So we will open a one quarter position in UNG with a stop at $27.75.

Buy 23 shares of UNG @ $30.25

Stop loss @ $27.75