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Not surprisingly, most of our open ETF positions registered losses yesterday. However, one exception was US Natural Gas Fund ($UNG), which bucked the trend by zooming 2.2% higher amidst the broad market losses. Two days ago, in the September 24 issue of The Wagner Daily, we pointed out the potential bullish trend reversal that was setting up in UNG. Yesterday, our analysis follow-through as anticipated, as UNG convincingly broke out above long-term resistance of its 200-day moving average. In the process, it triggered our buy entry in the model ETF trading portfolio, and the trade is now showing a small unrealized gain.

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