NFTRH+; Energy Sub-Sector Bull Pattern Activating Today

This post is sent to the entire list as it is a macro update as well as a trade update.

FCG is a Natural Gas focused ETF (details here). The top holdings are…


As noted, I am trying to use more ETFs and less individual stocks in my trading, at least in areas where I am far from an authority, like the NG sector and Energy in general.

The daily chart is pretty cut and dry. A neckline to an up-tilted Inverted H&S is being broken to the upside today and the measured target is 25.50, assuming the breakout is real. Note the strong volume that is pushing the move.


The weekly chart is pretty lame but RSI is positive and this could be a double bottom to the Q1 2016 low.


A buy on a test of the daily chart’s neckline would be ideal, but it may not come in a convenient time frame. I am going to start a position here and think about adding if it drops to test the breakout. A stop loss below 21.75 to suit risk tolerance would be a tight, conservative level.

A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the buy, sell, stop parameters are already noted. They are meant as a starting point for further research if interested. I will not personally buy every item highlighted and will sometimes sell – without prior notice (because this takes time and resource away from NFTRH’s main functions) – any item that I do buy, below target, which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.