Well dear readers, your favorite blogger (for those of you who are new to the blog and dont know it yet, that's me ;) is back after getting married. Having been out of touch from the markets for a while, I started by doing an industry scan to get an idea of the broader picture and see which industries were setting up well. That's how I came across the following chart, which I admit has snuck up on me. Natural gas index has been in a sweet uptrend ever since it bottomed in August and has been moving in a nice well defined channel of late. Strong support at the lower trendline which is also joined by the MA(20).
One way of playing this is FCG - the natural gas index ETF. Notice the bullish volume pattern in the last few days.
Also like the way the Brokers and Networkers are setting up here.