I made two purchases in the last month that have been significant. First, my old used car that was wonderful and cool, simply died. I am a huge believer in buying a used car and driving it to death. In the past, I've ridden cars till they were 11 or 12 years old and I could see the writing on the wall, and then I sold them. In this case, with little warning, the transmission of my car simply went to transmission heaven.
The only complaint I ever had about my old Acura was that it didn't get good gas mileage since it had a nice 6 cylinder with some power. With a crippled transmission, I went to work looking for a new car and quickly found a good deal on a used.....white Acura. Several days after the purchase, I needed to go out of town and was simply shocked to note the difference in gas mileage that my new car received. I noticed that I got about 28 miles to the gallon on this new car, way better than the 14 or 15 I normally got in the old one! Wow!
So why would I take time to talk about this here in the blog? Simply that my second purchase in early January was an old favorite, UGA (Gasoline). The purchase also has been a good one and it seems as though there is no stopping the etf.
Take a look at the chart; - http://scharts.co/XOegHT
It looks like UGA has room to run, and the seasonal trend is also with us on this trade since many refiners shut down during this time. If there is a classic trade to buy in January and sell in May, this is usually one that falls into that nice pattern.