Posts From Mike Zaccardi

Mike Zaccardi

Mike Zaccardi is a Chartered Market Technician (CMT) and teaches technical analysis to undergraduate students at the University of North Florida. He is also a technical analysis guest speaker at the University of Central Florida, Florida State University and the University of Florida. Mr. Zaccardi is currently working on academic research papers focusing on technical analysis at the University of North Florida. He has been trading and investing since high school, and currently works as a trader at an energy trading firm in Jacksonville, Florida. He has experience in wealth management and investment banking from prior places of work. Mr. Zaccardi has the FINRA Series 7 and 63 licenses and he is a member of the Market Technicians Association.


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Natural Gas Update: Cold Weather Brings Heavy Demand

Prompt-month Henry Hub Natural Gas prices have traded up 30 cents in the last 2 days as cold weather looms next week. And this comes on the heals of an already budding rally in Natural Gas. There are two key charts to look at here for Natural Gas – Price…

Natural Gas Prices Breakdown As Seasonality Weighs

The decline in Natural Gas prices has been stealth. And the correction may continue for a while longer. Natural Gas futures prices are moving lower yet again today. And this move lower has seen a key price support level fail (at $2.72). I highlighted this level in my last update…

Natural Gas Sees Lowest Close Since February

Prompt-month Natural Gas prices recorded its lowest close since February today. This comes amid milder weather forecasts as holidays approach. It could be tough sledding for Natural gas futures in the weeks ahead, as seasonality trends show the month of December to be neutral, and January bearish. The technicals aren’t…

Global Equity Market Review: 1 Year After The Election

It has been anything but a wild ride since the election of Donald Trump nearly 1 year ago. If we take a step back and review the sentiment in the equity markets this time a year ago, the reader would see pessimism and some volatility (both personal and market related)….

Natural Gas Prices Coil As Bullish Seasonality Approaches

Natural Gas (NG) continues to trade in a range-bound manner in 2017. The prompt-month contract peaked on the final trading day of the year of 2016 near $4, but then dipped into the $2.60s in February 2017. It has steadily coiled with higher lows and lower highs as the year…

Natural Gas Volatility And Its Impact On US Power Markets

Much has been made of the perceived decline in volatility in Natural Gas and power prices in the last few years. When LMPs (Locational Marginal Price of power) and natural gas prices are generally low versus historical norms, natural gas tends to be the LMP-setting mechanism on a macro level…

Natural Gas Decline Accelerates Following Historic Low Volatility

May temperatures came in modestly below average (slightly bearish) for the contiguous United States, though June had been telegraphed to be warmer than average (bullish). Thus far, the cooler trends have persisted through the first full week of the month, disappointing the bulls. This fundamental weather catalyst is reflected in…

International Stocks Off To Strong Start In 2017

International stocks have been making multi-year highs as the S&P 500 remains below its March 1 peak, this despite an all-time daily closing high last Friday. I like to keep an eye on a few key ETFs that track international stock market performances: International Developed Markets (NYSEARCA:EFA), Emerging Markets (NYSEARCA:EEM),…

Natural Gas Outlook: Seasonality Trends Bullish For Spring

Natural Gas Technical Analysis Prompt-month Natural Gas (NG) continues to find support between $2.50-$2.55.  Is a rally now taking shape? While not shown on the below chart, the now expired March contract dipped to this support area in late February immediately prior to the contract roll (from the March contract…

Natural Gas Futures: Bearish Signals Show Up On Weekly Chart

Natural Gas prices are seeing rather dramatic volatility from one weather model run to another in recent weeks. Rather than trying to figure out what each weather model says fundamentally about Natural Gas Futures, sometimes it is best to go straight to the charts and see what price action is…