New possible Short - NUE

NUE has been in down trend as well as in kind of channel of 40 to 37 for last few weeks. I think its a good short if you can get around 38 or higher. 38.35 is 50 day MA and i think it will have tough time go above it.

If you see volume pattern , then in last few weeks you have high selling and low buying.

RSI(14) is also weak.

UNG follow up

I posted twitter around Aug 9th for Possible H&S breakdown on UNG and possible test of low's 5.

Here is the post





I think it looks like it has reached that possible target and now its a trade to go long with stop below 5. If get get little weakness in it, then it is better entry price.