Recent Articles
Energy Equities Outlook and Trading Plan for June 10-14
Jun 9, 2019 Trading Blog Comments Off on Energy Equities Outlook and Trading Plan for June 10-14
It was a crazy market week and I’m just going to be honest up front and say that I don’t understand it at all. I do have a theory though. Also, it seems like the Mexico tariff issue has been resolved, so this market […] Continue Reading…
Energy Trade Plan and Outlook for June 3-7
Jun 2, 2019 Trading Blog Comments Off on Energy Trade Plan and Outlook for June 3-7
The bears continued to win last week with the XOP opening Tuesday at 27.19 and grinding a smooth path downward to close at 25.63. The selling was very controlled and orderly, so I’m thinking the bottom isn’t in yet and we will soon get […] Continue Reading…
Energy Sector Thoughts for the Next Couple Weeks
May 27, 2019 Trading Blog Comments Off on Energy Sector Thoughts for the Next Couple Weeks
Last week was an ugly one for the bulls as the XOP finally broke out of the three week range and hit a low of $26.72. That low took out the early February and early March low points. It seems that the E&P’s are […] Continue Reading…
Trade Plan for the Week of May 13
May 12, 2019 Trading Blog Comments Off on Trade Plan for the Week of May 13
I haven’t been following the energy sector as closely as usual over the last couple of weeks simply because the trading range has been so small that the opportunities just aren’t there for me. The XOP has moved for the first 30-60 minutes most […] Continue Reading…
Trading Plan for Monday, April 8, 2019
Apr 7, 2019 Trading Blog Comments Off on Trading Plan for Monday, April 8, 2019
This past week was difficult for me, as my overall bias for the E&P’s was bearish, which is exactly opposite of the action toward the end of the week. I didn’t think they would break out past 31.55 so easily and I missed the […] Continue Reading…
Trading Plan for Thursday, April 4, 2019
Apr 4, 2019 Trading Blog Comments Off on Trading Plan for Thursday, April 4, 2019
The energy sector had its first significant down day in awhile with the XOP dropping 2.3% and the XLE down 1%. The question now is, was this just a normal pullback day or the start of something more serious?
The concern for me is the […] Continue Reading…
Trading Plan for Monday, April 1, 2019
Mar 31, 2019 Trading Blog Comments Off on Trading Plan for Monday, April 1, 2019
Last week was one of the slowest trading weeks I’ve had this year, just a continuous tight range between 30-31. There have been a few opportunities within the range, but I’ve just resigned myself to waiting for the either the breakout at 31.50 or […] Continue Reading…
Trading Plan and Overall Market Outlook for Monday, March 25, 2019
Mar 24, 2019 Trading Blog Comments Off on Trading Plan and Overall Market Outlook for Monday, March 25, 2019
What an ugly day on Friday. The question now is whether this was just a temporary pullback or the start of something serious. It’s probably too early to tell, but by the end of this coming week the answer should be pretty clear.
The real […] Continue Reading…
Trading Plan for Thursday, March 21, 2019
Mar 21, 2019 Trading Blog Comments Off on Trading Plan for Thursday, March 21, 2019
A huge EIA draw and an incredibly dovish FED really pumped up the energy sector on Wednesday, but given the magnitude of those events, the move should have been larger. Those two forces probably should have pushed XOP out the top at 31.60, but […] Continue Reading…
Trading Plan for Wednesday, March 20, 2019
Mar 20, 2019 Trading Blog Comments Off on Trading Plan for Wednesday, March 20, 2019
Oil is starting to look a little shaky again, which unfortunately is coming just as the XOP was making a run back to the top of the range for a possible breakout. Tuesday’s action was very discouraging for the bulls and left a difficult […] Continue Reading…