Morpheus Trading: With two months in a row of big volume, Natural Gas ETF (NYSEARCA:UNG) looks like it may be ready to stage a significant advance in 2014. The price action has already cleared the highs of the last base at $24, and should close above that level by the end of February to confirm the breakout on the monthly chart:
We remain long $UNG and the trade is now showing an unrealized gain of 12.7% since our January 30 buy entry.
UBS E-TRACS 2x Long Wells Fargo Business Development Company ($BDCL) has been trading in a pretty tight range on the monthly chart for nearly a year, while basically setting higher lows for the most part within the base.
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