Both ICD and SWN have been beneficiaries and victims of the sentiment around NG and drilling. Both are reacting to the current market drop and there will be money to be made what they both turn. Buying (or holding) both is a good way for your account to have less money in it than it could. ICD has had some obvious buys in blue circles, and now one can see the sell signals lining up (red circles). The underlying issues of not depleting DUCs is getting worse, but ICD had an obvious sell signal and is now dropping. RSI, CCI, STO, coming off the Upper Bollinger Band, downward slope on the CMF - they are all there.
SWN has similar sell signals, as it has in the past and now is dropping to a great buy signal. Similar sell signals to ICD, with a more serious downward move on the CMF.
The underlying fundamentals are there, and make selling difficult, but then here comes the bolt from the blue - except it was not. The Dow Chart (the last one below) was really clear that risk was coming into the FED meeting, DOOM was predicting a good time to be in cash, and then boom, the FED just starts to talk about Tapering. Who knows when that will end? The Dow chart is really waving off any idea of buying into this mess. I don't know how exposed some are in margin market, but I'm sure there is some selling there. Right now, I think the DOW is driving the market, so the NG and Oil charts are less important.